The Economic Development Authority of East Grand Forks today (Tue) established a deadline and criteria on the city’s forgivable loan program.
The city set aside $260,000 to help businesses impacted by COVID-19.
Forgiveness or default is based on how long the business remains open and the number of employees. If the business is open three years, there will be 100 percent forgiveness.
The application deadline is Jan. 29th. Loans have a limit of $24,999.
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