OSWEGO COUNTY – After the preliminary spherical of COVID-19 Emergency Aid Program loans this spring, there are nonetheless funds out there for loans to companies in want as a result of pressure of COVID-19.
The COVID-19 Emergency Aid Program is a mortgage fund set as much as present zero-interest, 180-day (6 month) loans as much as $10,000 to small companies with 50 workers or much less. The loans are meant to assist operations and employment immediately impacted by COVID-19. Loans which are unable to be paid on the finish of the 180-day interval will probably be transformed right into a 2-year mortgage at 3.0% curiosity.
There isn’t any price to use. There aren’t any closing prices, no submitting charges, and no legal professional charges charged by Operation Oswego County.
These eligible for this mortgage are business, for-profit entities that personal or handle a enterprise positioned inside Oswego County who can present proof of a loss in gross sales, revenue, and/or money circulate inside the final 60 days, or into the foreseeable future. A enterprise isn’t eligible if it nonetheless has an impressive stability from a earlier COVID Emergency Aid Mortgage from both OOC or the town of Oswego.
All people proudly owning 20% or extra of the enterprise entity will probably be required to execute a private assure.
There’s a new, easier utility out there on-line at www.oswegocounty.org. Comply with the hyperlink to the COVID-19 Assets web page.
For extra details about the COVID-19 Emergency Aid Program, name OOC at 315-343-1545 or go to www.oswegocounty.org.