DEGC helps business owners with Recovery Assistance Loan Fund
DEGC is one of many EDA-funded Revolving Loan Funds across the country that provide business owners with access to gap financing to enable them to grow and thrive.
Most recently, the DEGC Recovery Assistance Loan Fund supported Detroit businesses impacted by the pandemic to help with payroll, rent, utilities and other expenses.
Recipients of the DEGC Recovery Assistance Loan Fund (RALF) are touting the COVID-19 financial relief program and the people who are running it. RALF provides up to $500,000 in loans to Detroit businesses impacted by the pandemic to use for payroll, rent, utilities and other expenses.
Read the fully story on DEGC.