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Posted on: June 26, 2020

Funding Still Available for Business Loans

Applications for the COVID Relief Fund opened on June 1. After four weeks, 17 loans have been approved totaling $83,500. One additional application is pending. Applicants included both businesses and nonprofit organizations. 

There is still funding available, which can be used for expenses incurred as a result of the COVID-19 health emergency, or for costs related to reopening and meeting new guidelines. Businesses must be located within the corporate limits of Galion to be eligible. The loan cap is $5,000 per business, no repayments are necessary for the first 12 months after the loan is issued, and no interest will accrue.

The City of Galion and the Galion Port Authority partnered to provide the program in order to assist local businesses as they reopen. The Port Authority is administering the loans on behalf of the city.

Loan Info
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