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South Bend small- and medium-business COVID loan program begins prescreening

FILE - This April 3, 2019, file photo shows a tip box is filled with U.S. currency in New York. For millennials who are passionate about contributing to the greater good, there are ways to prioritize charitable giving and make the greatest impact on issues they care about (AP Photo/Mark Lennihan, File)

The City of South Bend is launching an online pre-screening for small businesses seeking to apply for a new loan program designed to help with the impacts of COVID-19.

Earlier this year the U.S. Economic Development Administration announced an award of $7.7 million for the City to administer a new Revolving Loan Fund to make the loans to local businesses.

The loans are designed to expand the city’s existing programs for small- and medium-sized companies attempting to restart, maintain, or expand their operations and keep their people on payroll.

You can learn more at http://southbendin.gov/RLFrecovery

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