Local, small businesses financial assistance application opens Tuesday

1 week 1 day 3 hours ago Monday, September 14 2020 Sep 14, 2020 Monday, September 14, 2020 6:37:00 PM CDT September 14, 2020 in News
By: Jasmine Lotts, KOMU 8 News Reporter
loading

COLUMBIA - The City of Columbia Housing Programs Division's recovery loan program application will be open Tues. Sept. 15 from 8 a.m. to 5 p.m.

The Microenterprise Recovery Loan Program gives financial assistance to small, local businesses. Those are eligible for the program can receive a $5,000 loan to cover any interruptions caused by COVID-19.

A list of requirements must be met and includes having five or fewer employees, having proof of a business license that was gathered prior to Jan. 1, 2020 and providing proof of current liability insurance.

One business owner, Dimetrious Woods of Woods Auto Spa and Munchi’s Fish & Chicc’n, said that this opportunity is helpful because small businesses are often overlooked. 

“Oh, [we're] definitely the small guy. It's hard to compete, say even with their bigger industries, just in regular business. So you imagine with this unforeseen pandemic, the small guy really goes under the rug,” Woods said. “So it is a big thing and it makes our struggle a lot harder. And small businesses are for the community.” 

Woods said he hopes to receive the loan so he can hire more employees.

“It's hard to hire employees, you know, you need workers to work, but you also need money to pay for those workers, and with the uncertainty, you don't want to jump out too far because that's the quickest way to lose a small business.” 

Woods explained that this loan is important because small businesses are vital to the community. 

“We're Columbia born and raised. So we are the people that put the money right back in the community," Woods said. "We're the people who give people confidence within the community. They look at us, and they see us do business. It gives them confidence to do business or even having personal services within the community.” 

The division said there will be additional funding for different COVID-19 needs, but it needs direction from City Council on how funds would be used. 

More News

Grid
List
COLUMBIA – College football season is back and the Tigers will take on Alabama this Saturday. In person... More >>
3 hours ago Tuesday, September 22 2020 Sep 22, 2020 Tuesday, September 22, 2020 6:48:00 PM CDT September 22, 2020 in Sports
COLUMBIA - Trash and recycling workers urged Columbia City Council during Monday night's meeting to consider the staffing shortages and... More >>
3 hours ago Tuesday, September 22 2020 Sep 22, 2020 Tuesday, September 22, 2020 6:23:00 PM CDT September 22, 2020 in News
COLUMBIA - It's been several weeks since the University of Missouri semester began. Several MU students said they haven't been... More >>
4 hours ago Tuesday, September 22 2020 Sep 22, 2020 Tuesday, September 22, 2020 5:52:00 PM CDT September 22, 2020 in News
COLUMBIA - The Rock Bridge Hy-Vee had a drive-thru event for the community Tuesday, where anyone could come and pick... More >>
4 hours ago Tuesday, September 22 2020 Sep 22, 2020 Tuesday, September 22, 2020 5:42:00 PM CDT September 22, 2020 in News
COLUMBIA - Missouri Head Football Coach Eli Drinkwitz confirmed seven players will be out for Saturday's game due to COVID-19... More >>
4 hours ago Tuesday, September 22 2020 Sep 22, 2020 Tuesday, September 22, 2020 5:38:00 PM CDT September 22, 2020 in Sports
(CNN) -- Vanessa Bryant is suing the Los Angeles County Sheriff's Department and Sheriff Alex Villanueva for a photo leak... More >>
4 hours ago Tuesday, September 22 2020 Sep 22, 2020 Tuesday, September 22, 2020 5:03:57 PM CDT September 22, 2020 in News
COLUMBIA- There are more than 900,000 Missouri residents who experience a mental illness each year, including nearly 200,000 who experience... More >>
6 hours ago Tuesday, September 22 2020 Sep 22, 2020 Tuesday, September 22, 2020 3:26:00 PM CDT September 22, 2020 in A Brighter Tomorrow
MISSOURI - There's a new phone scam making waves, and the FBI wants the public to be in the know.... More >>
6 hours ago Tuesday, September 22 2020 Sep 22, 2020 Tuesday, September 22, 2020 3:24:00 PM CDT September 22, 2020 in News
COLUMBIA - Beginning Wednesday, Sept. 23, at 7 a.m., Ameren Missouri will repair a leak on a gas main under... More >>
6 hours ago Tuesday, September 22 2020 Sep 22, 2020 Tuesday, September 22, 2020 3:00:00 PM CDT September 22, 2020 in News
COLUMBIA - Boone County downgraded from the red zone in the latest White House COVID-19 Task Force report, while eight... More >>
7 hours ago Tuesday, September 22 2020 Sep 22, 2020 Tuesday, September 22, 2020 2:45:00 PM CDT September 22, 2020 in News
CENTRALIA - The Centralia Public School District began providing all students and community members 18-years-old or younger with free breakfast... More >>
7 hours ago Tuesday, September 22 2020 Sep 22, 2020 Tuesday, September 22, 2020 2:43:00 PM CDT September 22, 2020 in News
COLUMBIA - One would think Uber and Lyft drivers’ pockets would hurt a little bit from Boone County’s alcohol restrictions,... More >>
7 hours ago Tuesday, September 22 2020 Sep 22, 2020 Tuesday, September 22, 2020 2:17:00 PM CDT September 22, 2020 in News
MISSOURI- As COVID-19 continues to spread, KOMU 8 will continue to update you about impacts in the community. The... More >>
8 hours ago Tuesday, September 22 2020 Sep 22, 2020 Tuesday, September 22, 2020 1:00:00 PM CDT September 22, 2020 in News
(CNN) -- NBA legend Michael Jordan will be trying his hand at a new sport soon, NASCAR. Jordan and... More >>
9 hours ago Tuesday, September 22 2020 Sep 22, 2020 Tuesday, September 22, 2020 12:12:47 PM CDT September 22, 2020 in News
(CNN) -- What happened today seemed impossible to many Americans six months ago. When Dr. Anthony Fauci predicted in... More >>
10 hours ago Tuesday, September 22 2020 Sep 22, 2020 Tuesday, September 22, 2020 11:57:00 AM CDT September 22, 2020 in News
COLUMBIA- Missouri candidates for governor will participate in a forum at 2 p.m. Friday, Sept. 25, sponsored by the Missouri... More >>
10 hours ago Tuesday, September 22 2020 Sep 22, 2020 Tuesday, September 22, 2020 11:15:00 AM CDT September 22, 2020 in News
As COVID-19 continues to spread, KOMU 8 will continue to update you about impacts in the community. Previous coverage: ... More >>
10 hours ago Tuesday, September 22 2020 Sep 22, 2020 Tuesday, September 22, 2020 11:00:00 AM CDT September 22, 2020 in News
(CNN) — Three NFL teams are being fined $250,000 each because their coaches were not wearing face coverings during games... More >>
13 hours ago Tuesday, September 22 2020 Sep 22, 2020 Tuesday, September 22, 2020 8:45:00 AM CDT September 22, 2020 in News
Columbia, MO
Broken Clouds 67°
10pm 64°
11pm 64°
12am 63°
1am 63°