More Small Business Loans Available For Those In Page, Shenandoah Counties
HARRISONBURG, Va. (WHSV) – The second round of US Small Business Administration microloans are available to small businesses that have been financially impacted by the COVID-19 pandemic through People Incorporated of Virginia.
In 2020, People Inc. and SPA helped over 50 local businesses keep their doors open.
Microcredits are available for as little as $ 500 and up to $ 50,000, depending on the needs of each small business. Terms of as little as seven months or up to six years are available. SBA loans can be made to as many qualifying businesses.
Rachel Fogg, of People Inc. of Virginia, said that to find out if you are applying, just call People Inc.’s Lenders at (833) 437-0115.
“Our lenders will really walk them through the process, let them know if they qualify and what their options are,” Fogg said. “If that works, we send them an application, work with them on the details and generally we have completed the process within a few weeks. “
The SBA will help borrowers make payments on any qualifying loan that closed between February 1, 2021 and September 30, 2021, Fogg said.
They are available for small businesses located in Clarke County, Frederick County, Page County, Shenandoah County, and Warren County.
For more information on People Inc. of Virginia, click here.
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