Coronavirus (COVID-19) Relief Center
Coronavirus (COVID-19) Relief Center
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These resources – like the public health crisis itself – are constantly evolving and are only current as to the date of publication. This page was last updated on June 29, 2020.
We recommend that you monitor this site, as well as the sites referenced in these resources, for updates and changes as we expect the situation and solutions to change over the coming weeks and months. For information on specific programs, we encourage you to visit the websites of the organizations or government entities that are responsible for the relief.
Description of Program and Relief
City of Louisville: Interest-Free Small Business Loan of Up To $25,000
The Small Business Continuity Loan Program will provide zero-interest loans, with no payments for 12 months, to small businesses (10 full-time employees or fewer) impacted by COVID-19. Small businesses can receive up to $25,000 to cover immediate expenses.
The borrower must agree to receive financial coaching and apply for other assistance within ninety (90) days of loan closing. However, if other assistance is not procured by the end of the term, the loan is renewable for additional four (4) years at a 5.0% APR. No prepayment penalty if other assistance is secured and used to pay off loan early.
Government or Lead Agency
Louisville Housing Opportunities and Micro-Enterprise Community Development Loan Fund, Inc. (“LHOME”)
Dates Available
Applications are open as of April 6, 2020.
Eligibility Requirements/Restrictions
Business must have 10 or fewer employees; show emergency connected with COVID-19 economic crisis; be located in Jefferson County, KY and be in good standing with Louisville Metro Revenue Commission as of March 1, 2020, verified by LHOME staff.
Application Deadlines (If Applicable)
N/A
Contact for More Information
List of Additional Information
* By making this information available, Paul, Weiss seeks to provide a summary repository of publicly-available information regarding these services and programs. However, the details of these and other similar resources, and available information about them, may change on a regular basis. We recommend that you monitor this website, and the websites of the organizations included here, for updates and changes to the programs. By providing this information, Paul, Weiss is not sponsoring, vouching for, or recommending any of the programs or services described herein, or making any representations as to the accuracy of the information provided.
© 2021 Paul, Weiss, Rifkind, Wharton & Garrison LLP. This does not constitute legal advice and does not create an attorney-client relationship. In some jurisdictions, this publication may be considered attorney advertising. Past representations are no guarantee of future outcomes.