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Small businesses receive forgivable loans from the City of Lake Charles

Small businesses receive forgivable loans from the City of Lake Charles Small businesses receive forgivable loans from the City of Lake Charles By Rania Kaur | February 11, 2021 at 7:27 PM CST - Updated February 11 at 7:27 PM LAKE CHARLES, La. (KPLC) - With a pandemic and two hurricanes, the last year hasn’t been easy for local small businesses, that’s why the City of Lake Charles created the Small Business Stabilization Program. Born from the CARES Act, Mayor Nic Hunter says the city used the funding to create the Small Business Stabilization Fund. “We designed this Small Business Stabilization Program - it’s actually a forgivable loan. And we used the federal guidelines to make sure that we’re following all of the rules, but this was made available to local small businesses inside the City of Lake Charles.”

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State Offers COVID-19 Relief Dollars To Small Businesses; Grant Application Process Starts Tomorrow

State Offers COVID-19 Relief Dollars To Small Businesses; Grant Application Process Starts Tomorrow Local businesses struggling through the COVID-19 pandemic may find relief through a new state-funded grant program. Businesses, including 501©(3) and 501(c)(6) nonprofits, earning between $1,000 and $100,000 in annual revenue may be eligible for $5,000 in California Small Business COVID-19 Relief Grant program dollars. Those earning more than $100,000 up to $1 million can apply for $25,000 in grant dollars, Holly Wendt, Crescent City s recreation director who spearheads the Economic Resiliency Branch for the Del Norte Emergency Operations Center. The application process for the first round of grant funding begins at 8 a.m. Wednesday and closes Jan. 8, Wendt said. A plethora of webinars are available at 11 a.m. daily on the program’s web page to help business owners through the application process.

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