covid19 loan response for mobridge businesses

Mobridge's small businesses are facing an unprecedented economic disruption due to the Coronavirus (COVID-19) outbreak. On April 15, 2020, the City of Mobridge opened up funding to allow for a quick and easy process for business owners to help ease the short-term financial burden.

The City, in collaboration with Mobridge Economic Development, have loans available in $2500 or $5000 increments and will be issued to Mobridge businesses at zero percent interest. Payments will be deferred through Dec. 31, 2020, and then amortized over four years. There will be no pre-payment penalty.

This program's loans will be available until funding of this program is exhausted.

Click on this link to apply or contact Michele Harrison at mharrison@makeitmobridge.org or 605.845.5202 for more information.

 

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