City of Laredo, LiftFund Creates $1 Million Fund to Provide 0% Interest Loans to Support Small Businesses
As we begin a new year, many small businesses continue to deal with the impact and challenges of the ongoing COVID-19 pandemic. With that in mind, LiftFund is thrilled to announce a new partnership with the City of Laredo to provide $1 million in small business loans to Laredo business owners and aspiring entrepreneurs. The program will support small businesses with loans of up to $50,000 at 0% interest to support recovery, business growth or start-up costs.
“The City of Laredo has worked hard to build strategic partnerships that help Laredo small businesses grow and succeed,” said Laredo Mayor Pete Saenz. “Access to capital is critical to the success of small businesses. The City of Laredo has always had a strong interest in small business support programs because small businesses play an important role in stimulating economic activity and creating jobs. LiftFund has been a great partner for the City in providing support to small business owners. »