MUSKEGON, Mich. — A new loan program for businesses in Muskegon County offers help facing challenges during the state’s reopening process after months of COVID-19 precautions.
The program, Muskegon County Recovery Loans, provides loans of $1,000 to $10,000 with a 4 percent interest rate. To qualify, a business must be based in the county, employ one to 25 people, open for business since Sept. 1, 2019, and have documented and active liability insurance.
The initiative is a partnership of the Community Foundation of Muskegon County and GROW (Grand Rapids Opportunities for Women).
“The program is designed to keep small businesses afloat and to reopen with confidence,” said Todd Jacobs, president and CEO of the Community Foundation.