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Kenosha businesses impacted by violent protests receive recovery funding
Microloan funds still available, KABA says
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Last updated on December 29th, 2020 at 12:14 pm
More than 25 Kenosha-area businesses impacted by the violent protests that erupted in the community in late August have received loans of up to $50,000, the Kenosha Area Business Alliance announced today.
The loans, provided by the Wisconsin Economic Development Corp. and administered through KABA, are no interest loans with a 5-year repayment period, a 6-month deferment and are intended to assist with repair work and other short term operating expenses.
Each loan recipient will also have an opportunity to have up to 50% of their loan amount forgiven for meeting certain criteria set forth in the Disaster Recovery Microloan Program.