The Joint IDA of Wythe County, the Wytheville-Wythe-Bland Chamber of Commerce, and Downtown Wytheville Incorporated have jointly funded a $60,000 loan pool to support small business needs during this time of economic uncertainty.
This fund offers businesses loans up to $2,000 that will be repayable over two years at 0% interest. While this won’t likely make or break many businesses, the mission is to help offset expenses while cash flow is down.
Click the “Application” button to view application and loan program guidelines. Loan applications will be accepted on a rolling basis until funds are exhausted. Simple financial statements are required, as are some basic qualifications including a statement of impact from COVID-19. Acceptable uses of the financial assistance include operational expenses like rent, payroll, and utilities, as well as purchase of inventory and marketing.
