University City Announces Round 4 Forgivable Loan Small Business Assistance

February 10, 2021

The City of University City is pleased to announce Round 4 of the Forgivable Loan Small Business Assistance Program. The City has earmarked $700,000.00 for the Program that is intended to help eligible local retail, service and creative for-profit businesses address immediate cash for short-term financial operational needs such as payroll, payment to suppliers, payment to service providers or payment of utilities. The available funding is intended to serve all qualified University City businesses with a goal that at least 25% of the allocated funding will fund minority and women-owned businesses. The loan funds may not be used for capital expenditures or rent. The intent of this Program is to provide local businesses relief due to their economic loss during the current COVID-19 Pandemic