The next round of COVID PPP Loans are around the corner for small businesses with some eligibility changes. Small Business Center Director Tyler Asher said businesses most experience at least a 25 percent reduction in gross revenue in any 2020 quarter compared to 2019. “So, quick example,” Asher said. “So, if you did $100,000 in revenue in the second quarter ... Read More »
Tag Archives: loans
UCDD Receives Largest Allocation In Tennessee For Loan Program
The UCDD received the largest amount of money in the state for its revolving loan program to help local businesses. Director of Economic Development Megan Choate said they received over $5 million dollars thanks to additional CARES Act money through the Economic Development Administration. Choate said the UCDD got nearly five times more money allocated than the next highest recipient. ... Read More »