Columbia Economic Development Corporation (CEDC) has established a $300,000 CEDC and SBA Microloan Program to support small businesses impacted by the coronavirus pandemic.
Loans are available up to $15,000 at 3.75% interest. Applicants must be in business for at least 2 years, have 25 or fewer full-time employees, and have a minimum credit score of 625.
To learn more about the process, criteria, and to apply, view their website.