SBA extends deadline on $100M grant software to assistance corporations get well from Covid-19

The U.S. Compact Company Administration, a federal agency, is now featuring reduced-desire, extensive-time period financial loans to Ohio firms and non-revenue that are struggling fiscally since of the coronavirus crisis. (U.S. Modest Enterprise Administration)

The Modest Enterprise Administration is extending the deadline on a $100 million grant software made to link compact corporations with SBA assistance and applications.

The ‘Community Navigator Pilot’ Method will offer grants of $1 million to $5 million to suitable organizations to deliver counseling, networking and to provide as an casual relationship to agency assets to assistance modest companies get better from the financial devastation wrought by the Covid-19 pandemic.

But the initial deadline to utilize for these grants was July 12 — which has now been extended to July 23. The company anticipates creating awards below the program in September.

Examine the complete tale on cleveland.com’s sister web page, Cleveland Company Journal.

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