April 7, 2020: The City of Thief River Falls approved creation of an emergency loan fund to help local businesses affected by COVID-19, following recommendations of the Community Development Advisory Board. A total of $250,000 has been set aside for local businesses. The maximum loan is $10,000 and loans will be made on a first-come, first-serve basis to businesses who meet the approved guidelines.
State and Federal Resources
- SBA disaster loan information at https://disasterloan.sba.gov/ela/Information/Index
- Information for small businesses affected by coronavirus at www.sba.gov/coronavirus
- All coronavirus-related federal government resources at www.usa.gov/coronavirus
- DEED’S COVID-19 information and resources for businesses COVID-19 update page.