Agency / Department: Elevate Rapid City (SD)
Resource: Bridge Loan Program
Details: The Elevate Rapid City Emergency Bridge Loan Program is now available to small business owners located in the Rapid City area that are experiencing economic damage as a result of COVID-19. Loans can be up to $15,000 per eligible business.
These short-term, interest-free working capital loans are intended to “bridge the gap” between the time a major catastrophe hits and when a business has secured longer term recovery resources, such as sufficient profits from a revived business, receipt of payments on insurance claims or SBA assistance.