CITY OF SPARTANBURG BACK THE BURG PROGRAM
The Spartanburg Area Chamber of Commerce in partnership with CommunityWorks has established the Bringing Back the Burg Small Business Fund to help businesses impacted by COVID-19. The BTB loan is specifically to equip businesses to prepare, prevent, or respond to COVID-19. The fund is designed to financially assist qualifying small businesses through low interest and forgivable loans. Businesses that meet the criteria could be eligible for a $10,000 loan.
For the grant recipients, 50% of the funds will be forgiven if the business:
- Uses the funds for the intended purpose outlined in your request (to prepare, prevent and respond to impacts associated with COVID-19) and provides the necessary documentation proving that funds were used for the intended stated purpose
- Provides the necessary data and reporting required which could include but not limited to the number of jobs retained or created, business gain, loss or growth, target population served (the necessary forms will be provided)
- Maintains business operations for one year from the release of funds
The Chamber will provide complimentary 12-month membership to businesses that receive a grant.
***Due to high demand and limited funds, approvals will be made on a first come first serve basis. Please note that you must submit a full application and all documentation in order to be considered. Only Spartanburg businesses will are eligible, and the loan maximum is $10,000.***