August 13, 2021

Self-Help Credit Union recognizes that for many businesspeople in the communities we serve recovery from the impact of the COVID-19 pandemic is a long-haul proposition. To help aid in that recovery, Self-Help CU is offering a customized loan designed especially for small/emerging businesses and nonprofit organizations impacted by the COVID pandemic. This loan is only available in certain Self-Help CU markets, and my colleagues and I in Apopka/Orlando/DeLand are fortunate to be able to offer this loan to those who need it in our community. 

Self-Help CU’s Community Recovery Loans are available to only qualified businesses and nonprofits (they should have under 25 FTE) needing financial assistance to recover from the economic costs of the COVID-19 pandemic and have been running business during 2019 year or earlier.

This is a loan offer, not a grant opportunity—the borrower is expected to pay back the loan. 

 Loan borrowers may use the funds for:  

• Working capital. 
• Business rent or mortgage. 
• Employee payroll & benefits. 
• Independent contractor costs. 
• Business planning/redesign. 
• Equipment costs/investments. 
• Restocking of inventory. 
• Personal protective equipment (PPE). 
• Other costs of re-opening for business, including compliance with COVID-19 requirements.
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Borrow up to $25,000 at 3% interest, with no payments due for the first 6 months! Pay back the loan over 3-5 years (depending on the loan amount; no pre-payment penalty).

You are specifically welcome to apply if you are a minority-owned small-business owner with your primary place of business being in our geographic service area (Orlando, Apopka metropolitan area). 

For more information, visit the information and application pages on our website at https://www.self-help.org/community-recovery-loans  If you have questions, need help with this or related financial needs, feel free to contact me. Please share this offer with friends for whom this may seem suitable.