The City of Trotwood is offering businesses located within the City 0% interest forgivable financing through Trotwood’s Business Emergency Forgivable Loans, supported entirely by the donation from the Sisters of the Precious Blood. This unique financing tool offers forgivable loans to small businesses operating in the City of Trotwood that have been negatively affected by the outbreak of the COVID-19 virus. The process to apply is open now through December 31, 2020.
Retail, commercial, and entertainment businesses that rely on customers making purchases at their establishment are significantly affected; this program is designed to provide relief to those types of businesses. Business must demonstrate hardship caused by the coronavirus pandemic.
HOW IT WORKS
Under this program, the City will provide 0% forgivable loans to businesses negatively affected by the COVID-19 outbreak. Businesses may apply for up to $1,000 in funds under this loan program. Businesses must have a physical location in the City of Trotwood and have experienced a loss of income due to COVID-19. Businesses must provide proof that they are located in and have been before March 2020. Funding is extremely limited and applications will be accepted on a first come, first served basis.
Please see the application in the link below:
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