Person County, NC, Announces COVID PIVOT Impact Loans
April 8, 2020
On Tuesday, April 7, 2020, Person County Commission Board Chairman, Ray Jeffers, made the first amendment to the Person County Declaration of the State of Emergency, as declared on March 16th, to establish a program of short-term assistance to the small business sector during the COVID-19 crisis. The amendment recognizes the vulnerability of small businesses in the current situation and seeks to provide a rapid response.
Chairman Jeffers offered, “As our small businesses struggle during this difficult time, I am pleased that we have found a way to reach out to them and offer support. Their success is critical to our local economy. The intent is that this rapid assistance loan program will provide some much-needed relief as they await federal assistance or a restored stream of revenue.”
That relief will come in the form of the COVID PIVOT Impact Loan, which will be administered by the Kerr-Tar Regional Council of Governments, in conjunction with the Person County Economic Development Commission (EDC). Loans are available in amounts of $2,500 -$10,000. To qualify as a small business under the program guidelines, a business must have 1-49 employees and be principally based in Person County, NC.
As Chairman of the Person County EDC, Phillip Allen also lauded the program, “The Person County Economic Development Director, Sherry Wilborn, with the assistance of the County Manager, County Attorney and the County Commission Board have all shown strong leadership and support for the rapid implementation of the COVID PIVOT Impact Loan Program. This program will provide economic assistance to our small business community in a time when they need it the most. The EDC and all of our partners will always work hard to find ways to support the small business community in Person County.”
For more details about eligibility, program guidelines, or to apply, interested businesses should visit the COVID-19 Resources page on the Person County EDC website at www.personcountyedc.com or contact Sherry Wilborn for assistance at firstname.lastname@example.org or 336.597.1752. Applications are made online.
Please note that the COVID PIVOT Impact Loan Program is not a grant program. Impact Loans are intended as a source of responsive, low-interest capital to reduce the economic impacts of the COVID-19 pandemic on Person County small businesses. Repayment is expected in accordance with the program terms.