Agency / Department: City of South Bend
Resource: Small Business Loans + Small Business Assistance Fair
Details: The City of South Bend is awarding grants totaling $600,000 to a pair of community development financial institutions (CDFIs) to provide small business loans to local firms impacted by the COVID-19 pandemic.
The City is partnering with two CDFIs, Bankable and Accion Serving Illinois and Indiana, who will administer the emergency small business loans. Both organizations have long track records of lending to under-resourced borrowers, including a focus on equity and inclusion.
The City will hosted an Emergency Assistance Fair (EAF) for small businesses to learn more about the emergency small business loans and other available COVID-19 relief on Friday, April 17 from 10:30 a.m. to 12 p.m.