File for a business loan with Woodland

Advertisement

BEGIN ARTICLE PREVIEW:

Yes, this story has already been published, but it bears repeating because local small businesses can benefit. Woodland is launching a “Support Small Business Assistance Program” to help those financially struggling firms due to the coronavirus pandemic.This program was approved on a 4-0 vote Tuesday night by the Woodland City Council. The grants will go to qualifying small Woodland businesses and independent contractors. There is $235,000 in grant money available under the Coronavirus Aid, Relief, and Economic Security Act funds, according to city staff.
Those business owners with 20 or fewer employees and who have annual receipts of $2 million or less can apply for $500 per full-time equivalent employee up to a maximum of $10,000 to assist with general business expenses such as payroll and sanitation. Independent contractors may also apply for up to $500. In addition, small businesses may also apply for up to $10,000 in reimbursement of expenditures necessary to serve clients outdoors during the winter months, such as winterization or facility improvements.
A few documents will be required to apply: a W-9 form, a Woodland business license, payroll and revenue records, and evidence of financial need depending on the nature of the application. Applications and program guidelines are now available in person …

END ARTICLE PREVIEW

READ MORE FROM SOURCE ARTICLE