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Samantha Walters – Community Development Director
Phone – 330.830.1721 | Fax – 330.830.1778
151 Lincoln Way East
Massillon, OH | 44647
COVID-19 BUSINESS ASSISTANCE LOAN PROGRAM
FORGIVABLE LOAN FOR QUALIFIED BUSINESSES!
In 2020 the City of Massillon received a separate allocation of Community Development Block Grant funding to allocate towards preventing, preparing for, or responding to the Coronavirus. Utilizing this funding, the City has created a business assistance loan program that is designed specifically to assist local businesses with 25 or fewer employees, impacted by the Coronavirus. Applicants must show at least a 30% decline in business revenue after March 09, 2020, which is the date that Governor Mike DeWine declared Ohio under a State of Emergency. The program provides for up to $5,000 in the form of a three-year zero percent interest loan. These funds can be used for payroll, rent, or other day to day operating expenses. If the business retains one low-to-moderate income employee for a minimum of three months (or if the business owner is an LMI household) then the loan will be completely forgiven. An example of a low-to-moderate income household would be a one-person household making less than $37,050; or a four-person household making less than $52,900. Payment on these loans would not begin until the 13th month after funds are disbursed.
Applications, supporting documentation, and any questions may be directed to Community Development Director Samantha Walters (contact information listed above).
- Letter to Business Owners
- Business Loan Program Information Page
- Business Loan Program Application (Fillable)
- Duplication of Benefits Affidavit
- Employee Income Verification Form (for loan forgiveness – for reference only)
LOAN FORGIVENESS DOCUMENTS
To be completed 3 months after receipt of funds and submitted to Community Development Director