Concord Together Fund
COVID-19 has drastically impacted hundreds of Concord businesses, who shuttered their storefronts under national and statewide orders to help slow the spread of the virus. The Concord-Carlisle Community Chest announces the availability of grant funds to local businesses. Applications will be accepted on a rolling basis. Visit www.cccommunitychest.org for more information or click here to apply.
In late March of 2020, a handful of Concord property and business owners, with support from the leadership of the Concord Chamber of Commerce, began meeting to explore ways of helping the local business survive the Covid-19 pandemic. The group meets weekly and is helping coordinate support and solutions. We appreciate your interest and look forward to your involvement! Click here
TOWN, STATE, AND FEDERAL COVID-19 INFORMATION
Federal Reserve Main Streets Lending Program
The Main Street Lending Program is designed to help credit flow to small- and medium-sized businesses that were in sound financial condition prior to the COVID-19 pandemic.
Interested businesses will work with an eligible lender to determine if they meet the program requirements, which are available online, as well as the lender’s own underwriting standards. The lender will determine whether a business is approved for a loan. The Fed will participate in the lending by purchasing a 95% interest in the loan. The lender retains 5% of the loan.
Business borrowers can view a state-by-state listing of lenders participating in the Main Street Lending Program who are currently accepting applications from new customers by viewing the interactive map.
The loans range in size from $250,000 to $300 million – a wide range that may support a broad set of employers.
SBA EIDL Loans Availability
The U.S. Small Business Administration’s Economic Injury Disaster Loan (EIDL) portal.
Town of Concord Face Coverings Order: The Concord Board of Health adopted an order on face coverings that incorporates the Governor’s order and further clarifies its application in town.