OSHKOSH, WI (WTAQ) – The City of Oshkosh and the Greater Oshkosh Economic Development Corporation (GO-EDC) are continuing a partnership to provide assistance to local businesses who may be struggling due to the COVID-19 pandemic.
The Oshkosh Common Council has approved the reallocation of another $500,000 for the Greater Oshkosh COVID-19 Emergency Response Loan Program. The funds were made available from excess cash in existing Tax Incremental Districts. The program is offering three-year loans in the amounts of $1,000, $2,500, $5,000, or $10,000 with a 2% interest rate, and deferment of principal and interest for six months.
Funds can be used for basic business needs including rent/mortgage payments, utilities payments, payroll expenses, and pre-existing purchase orders.
In late March, the Council approved the reallocation of $250,000 to be made available to small businesses in Oshkosh and surrounding townships. Another $250,000 was approved April 14th for businesses within a half-mile of the 100 block of Main Street, which includes downtown Oshkosh.
The programs will continue to accept applications as long as funding is available.
Business owners that are interested in applying for funds from this or other assistanceprograms can go to www.greateroshkosh.com, email tricia.rathermel@greateroshkosh.com or call (920) 539-8718 for more details.
