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City of Rock Hill going into new phase of financial assistance for small businesses/non-profits

City of Rock Hill going into new phase of financial assistance for small businesses/non-profits
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With PPP closed, small businesses have these funding options

With PPP closed, small businesses have these funding options
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SOAR Fund offers low-interest loans, free business support

May 10, 2021 Small businesses and nonprofits across Delaware can now get low-interest loans of up to $100,000 and free business support from the Southern Opportunity and Resilience Fund as they work to recover from the pandemic. Companies and agencies across Delaware can begin applying for very low-interest loans of up to $100,000 and free business support through the SOAR Fund, a new program created by a diverse group of community lenders aimed at helping small businesses and nonprofits navigate and rebuild from the COVID-19 health and economic crisis. According to the U.S. Census Bureau Small Business Pulse Survey, 47 percent of Delaware small businesses have less than two months’ cash on hand, and one-third of small businesses in the state expect to seek capital in the next six months.

Wednesday s Daily Pulse

Wednesday s Daily Pulse | 5/5/2021 April consumer sentiment continues to rise despite mixed signals from labor market Consumer sentiment among Floridians ticked up 1.7 points in April to 83 from March’s revised figure of 81.3. Similarly, national consumer sentiment increased 3.4 points. “Consumer sentiment dropped at an unprecedented rate in the second quarter of 2020, when it tumbled 26 points between February and April. One year since, consumer confidence remains 19.3 points below pre-pandemic levels, indicating that confidence has recovered at a slow pace,” said Hector H. Sandoval, director of the Economic Analysis Program at UF’s Bureau of Economic and Business Research. Among the five components that make up the index, three increased, one decreased, and one remained unchanged. [Source: UF News]

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