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City Extends COVID-19 loan Deadline, Strategies New Program

WARREN, Ohio — Firms in town have more time to apply for aid through the coronavirus pandemic.

The town expanded to Aug. 19 the program deadline for the COVID-19 Company Support Loans, that provide deferred 0% interest on loans up to $5,000. Launched in May, the app assist qualifying companies in town with expenditures incurred by reopening and/or retrofitting due to the coronavirus, according to a release.

The capital may be used for things like restocking perishable inventory dropped throughout the coronavirus shutdowns, retrofitting for social distancing and worker security, and private safety gear for workers.

This comes as the town adopts a brand new initiative to assist companies with coronavirus-related expenses. Details will be published when the present loan application has finished, ” says Mayor Doug Franklin.

“It’s imperative that we continue to offer any assistance we can to our businesses and their employees,” Franklin stated. “They are an extremely vital part of our community and will play a big part in our recovery from the devastation caused by this pandemic.”

Company owners can ask a loan program by calling through email or U.S. email:

Anthony Iannucci 
Executive Director, Warren Redevelopment and Planning Corp. 
333 Harmon Ave. NW 
Warren OH 44483 
info@wrapcorp.org 

or

Michael D. Keys 
Community Development Director 
258 E. Market Street, Package 305 
Warren, OH 44481
mkeys@warren.org

Copyright 2020 The Business Journal, Youngstown, Ohio.

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Oliver Smith

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