Flora to help its small businesses impacted by COVID-19
Credit: WLFI
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Small businesses loans of upto o support those who have been affected most by the covid-19 outbreak.
Jake adams is a town councilor in flora.
He says the money comes with a 1% interest rate fixed for 5 years.
To be eligible the business must be within flora town limits and be current on all taxes and have good credit.
Adams says its important for businesses to apply if they need it so the local economy stays strong.
Our margin for error is a lot greater when it comes to businesses closing.
It is a higher stakes game for us up in flora.
This idea was in collaboration with the city of delphi delphi was awarded a state grant to give its business up to 5 thousand dollars as the stay at home order continues..
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