City Has New Round Of Small Business Assistance Funds

Wednesday, January 27, 2021

Jermaine Freeman on Tuesday outlined for the City Council how the Small Business Assistance funds will be dispersed, and the process behind it.

“When we first did this in April and May, many of our small businesses shut down because of executive orders and were experiencing zero revenue,” Mr. Freeman said. “We are not in that position anymore, although many of our small businesses are struggling.”

 That funding has been given to the Southeast Tennessee Development District, and he said they are asking for local area technical assistance providers in helping to coach and assist businesses who apply for the funds.

“We want to actively encourage small business owners to take advantage of federal and state programs that are available,” Mr. Freeman said. “When small businesses come to us and apply for loans, they can say ‘It’s great you’re applying for the city fund, but there’s a real chance the city funds may not meet the entire need.’ ”

He said it is important for small business owners to take advantage of the paycheck protection program and the economic injury disaster loan assistance. He said these programs can provide addition money for small businesses. 

“The maximum loan amount is $15,000, and repayment times will vary depending on the business’ situation,” Mr. Freeman said. “This is for businesses directly impacted by our executive orders last year.”

Mr. Freeman said these businesses include restaurants, barbershops, gyms, fitness centers, beauty salons, nail shops, tanning beds, and other similar businesses. He said that phase two is directed as businesses that did not receive assistance during phase one.

“For some of the small businesses that reached out to us for additional loans, we haven’t been able to help them at this time,” Mr. Freeman said.

Mr. Freeman said the following organizations are assisting with this relief: Co.Lab, Launch CHA, Proof Incubator, SCORE, TSBDC, Urban League of Greater Chattanooga. He said these organizations have worked with the city for at least two years.

Loan amounts are up to $15,000 with no interest charged.

“We’re trying to help as many of our small businesses stay in business, and we’re looking for other opportunities to assist,” Councilman Erskine Oglesby said.

 

 

 

 


Latest Hamilton County Arrest Report

Hamilton County Has 1 New COVID Death, 52 New Cases; Tennessee Has 1,514 New Cases, 42 More COVID Deaths

Georgia Has 114 New Coronavirus Deaths; 1,867 New Cases


Here is the latest Hamilton County arrest report: ALLEN, WHITNEY ASHTON 5420 BROWN CHAPEL LN CHATTANOOGA, 37415 Age at Arrest: 31 years old Arresting Agency: Chattanooga ASSAULT --- ... (click for more)

Hamilton County reported 52 new COVID-19 cases on Thursday, with 54 patients hospitalized and 13 in Intensive Care Units. Ten others were in the hospital with suspected COVID. Of those hospitalized, ... (click for more)

Georgia state health officials reported on Thursday there have been 114 additional deaths due to the coronavirus. The current total is 15,462. There were 1,867 new cases, as that total reached ... (click for more)



Breaking News

Latest Hamilton County Arrest Report

Here is the latest Hamilton County arrest report: ALLEN, WHITNEY ASHTON 5420 BROWN CHAPEL LN CHATTANOOGA, 37415 Age at Arrest: 31 years old Arresting Agency: Chattanooga ASSAULT --- ANDERSON, DENNIS MILTON 1316 BRADT ST APT A CHATTANOOGA, 37406 Age at Arrest: 63 years old Arresting Agency: Chattanooga DOMESTIC ASSAULT --- BARBEE, JOSHUA 4810 BLUE BELL ... (click for more)

Hamilton County Has 1 New COVID Death, 52 New Cases; Tennessee Has 1,514 New Cases, 42 More COVID Deaths

Hamilton County reported 52 new COVID-19 cases on Thursday, with 54 patients hospitalized and 13 in Intensive Care Units. Ten others were in the hospital with suspected COVID. Of those hospitalized, 19 are county residents. The new total of cases in Hamilton County is 40,843. There was one more death from the virus in the county reported since Wednesday, a white female ... (click for more)

Opinion

Shallowford Road Walmart Closing Is Representative Of Food Apartheid - And Response

The Unity Group is saddened and dismayed to hear of the closing of the Walmart Grocery store on Shallowford Road. While we recognize that the overall goal is for businesses to reach a level that obtains profit maximization, in our estimation, this recent closure is indicative of a problem that has continued to be persistent in marginalized and disadvantaged communities for more ... (click for more)

Roy Exum: I’m Not A Christian?

The email read: “I cannot comprehend how killing unborn babies and using their tissue in medicine is obedience to Christ.” Earlier in the email the writer acknowledged that I publicly state I am a Christian “… then I see a huge problem with your characterization of (the new Johnson & Johnson COVID-19 vaccine as a ‘Godsend.’) “Killing babies for their parts is not from God, it ... (click for more)

Sports

Furman Ousts UTC Women From Southern Conference Tournament, 58-40

UTC found itself on the short end of a 58-40 decision against Furman in the quarterfinal round of the 2021 Ingles Southern Conference Women’s Basketball Championship presented by General Shale Brick at Harrah’s Cherokee Center Asheville. Bria Dial, playing her final game for the Mocs , led the way with 12 points and junior Eboni Williams added 11 points along with a team-high ... (click for more)

Pleasants Shines As #17 Vols Overcome Slow Start In Baseball Win At Austin Peay

#17 Tennessee was able to overcome an early deficit to earn a 5-3 win over in-state foe Austin Peay at Raymond C. Hand Park at Clarksville, Tn., on Wednesday night. The Governors (1-6) scored three times in the bottom of the third inning to jump out to an early advantage, but the Vols battled back and used a five-run fifth inning to take a lead they wouldn't relinquish. ... (click for more)