The Town of Pantego and the Pantego Economic Development Corporation has announced the PEDC Small Business Recovery Program. Applications are being accepted now!
The purpose of the Program is to provide limited financial assistance to those small businesses within the Town of Pantego who have been directly impacted as a result of the COVID-19 pandemic and emergency disaster declarations implemented by the Governor of Texas, Tarrant County Judge, and Mayor of Pantego.
The Program will provide $150,000 in forgivable loans ranging from $1,000 to $2,500, for businesses who can demonstrate direct negative impacts on their business related to the COVID-19 Pandemic. Applications will be accepted beginning May 11 and will continue for 60 days, through July 10.
To qualify for funding under the SBR Program, applicants must meet the following requirements:
- The business must be located within the incorporated town limits of Pantego and must be in compliance with all applicable zoning, land use, ordinances. Licensing and permits.
- The business must be independently owned and operated with a preference given to businesses that have 10 or fewer employees.
- The business must be a legal entity registered with the State Comptroller’s Office.
- The business must have a current Certificate of Occupancy with the Town of Pantego.
- The business cannot be owned by a national chain.
- Independently owned franchises are eligible.
- The business must have been operating at the time of emergency declarations.
- Home-based businesses or non-profits are ineligible.
- Funds will be used only for business retention, and job creation and/or retention consistent with state law.
- The business cannot prior to March 1, 2020, be in default of an agreement with the Town of Pantego or Pantego Economic Development Corporation.
Download the application HERE to learn more. Email the signed and completed application to info@townofpantego.com