NEEDS ASSESSMENT FOR DISASTER RECOVERY MICROLOAN FUNDS
Brown, Door, Florence, Kewaunee, Marinette, Manitowoc, Oconto, and Sheboygan Counties
Bay-Lake Regional Planning Commission is conducting a needs assessment for weather related damage to businesses in the region. If your business has experienced damage and you need a loan for repairs, rent for a new location, or other needs that are necessary to continue business operations this microloan program is available.
TIME SENSITIVE: Please send the following by end of business Thursday, July 25, 2019*
Business Name: Business Location/Address Business Contact/ Email/ Phone Number Estimated Value of Damage: Interested in Microloan Program: Yes or No or Unknown
SEND INFORMATION TO: Elizabeth Runge firstname.lastname@example.org, (920) 448-2820 X 107
DISASTER RECOVERY MICROLOAN FUNDS may be used for these activities:
- Procurement of cleanup and restoration services
- Operating expenses such as payroll (note: taxes, fines and fees are not eligible)
- Rent/mortgage for temporary space
- Repair and reconstruction (eligible use could include architecture & engineering costs, equipment/furniture/fixtures)
Terms and Conditions:
LOAN SIZE UP TO $15,000 LOAN TERMS 24 months INTEREST RATE 0.0% PREPAYMENT PENALTY None
COLLATERAL Collateral is required and will take the form of a security interest in
determined business asset(s).
GUARANTEES Unlimited, unconditional personal guarantees are required
PAYMENT DEFERRAL Payment deferral for six months can be arranged and the loan is
over the remaining 18 months following the deferral period.