Small businesses everywhere have been hit hard by the pandemic. In Myrtle Beach, small businesses are being offered financial help to cope with the economic hardship they currently face.
The U.S. Department of Housing and Urban Development has $600,000 available for small businesses in the area. Businesses can receive anywhere from $1,000 to $25,000, which can go towards a variety of different business expenses.
Courtney Frappaolo, Horry County’s Community Development and Blocks Grants Director, explained the purpose of the program saying, “The goal of this program from a federal funding standpoint is twofold. It’s to help local communities stabilize their economy but also to ensure that low to moderate-income residents can maintain their jobs and maintain their housing.”
Applicants must meet a variety of requirements in order to be eligible for the grant money – the small businesses must have 25 or fewer employees, be located in Horry County, and show the economic hit they took as a result of the COVID-19 pandemic. Small businesses have until January 29th to apply.
If you are interested in applying, click here to access the application.