The U.S. Economic Development Administration (EDA) has awarded CARES Act funds to St. Louis Development Corporation (SLDC) to make loans to businesses that have been negatively affected by COVID-19 or that are providing goods or services addressing problems caused by the pandemic.
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Yesterday, the Biden Administration announced rule changes to the Paycheck Protection Program (PPP) forgivable loan program to help small businesses better access loans. Alongside the rule changes is a two week special window where small businesses’ applications get priority. The application period starts Wednesday, February 24th.
The City of St. Louis has established another Small Business Grant Fund to help local businesses impacted by COVID-19. $1.25 million in funding from the CARES act will be distributed as grants of $5,000.
New Grants Available!
Visit dutchtownstl.org/grants to find out more about the new round of Small Business Grants to be issued by the City of St. Louis.