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Council approved emergency business assistance programs

Last night the City Council approved several local measures to help businesses. The Council approved an emergency loan (forgivable program), a grant to help increase online footprint of any local business with a storefront, and free access to expert consultants who can help businesses with pivoting their business model, figuring what the next best move is, or helping develop a business idea. These programs are a good faith effort to help our local businesses but not a panacea. Please know the Council is trying to help businesses thorough this time. This link takes you to a landing page. Use the two links in the red bar at the top of the page to access info and applications for the emergency rent/mortgage loan program and the web presence loan program.

The emergency loan is for ‘non-critical’ businesses with storefronts only. This program is up to $1,000 forgivable loan for rent or mortgage. Program funds limited. This loan is based on need that you demonstrate not on creditworthiness. It is NOT first come first served, rather we will be doing pool reviews. The first review is June 1 so get your applications in for that round by close of day Thursday May 28th.

The web presence loan is for any business with a storefront that wants to increase online footprint whether that means creating a website, updating a website, adding e-commerce capabilities or whatever. This is $1,500 matching grant. If your project costs more than $3,000 we can look at issuing a standards loan for the remainder. If you are not sure you want to update your online footprint but would like a one-hour free consultation, we can arrange that too.

The free expert advice is available to anyone looking for assistance. We will be conducting outreach over the next two weeks to get more info out in the public. 

Email or call Cynthia with questions –  952-873-5553; cynthias@ci.belleplaine.mn.us

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