Agency / Department: Purchase Area Development District
Resource: COVID-19 Business Relief Working Capital Loan Program
Details: PADD launched the COVID-19 Business Relief Working Capital Loan Program Wednesday as a way to help small businesses that have not received assistance through the Small Business Administration. Small businesses in Ballard, Calloway, Carlisle, Fulton, Graves, Hickman, Marshall, and McCracken counties can apply for the program. Any for-profit small business can apply for a loan, which range between $5,000 to $25,000 depending on the business’ three-month operating expenses. The loans can be used to cover payroll, rent, utilities, interest payments, supplies, inventory management and/or payments to suppliers.