Tag: COVID 19

CARES Act Recovery Assistance Loan Fund

CARES ACT RECOVERY ASSISTANCE LOAN FUND HOME » CARES ACT RECOVERY ASSISTANCE LOAN FUND INTRODUCTION On July 23, 2020, Coastal Area District Development Authority, Inc. (CADDA) was awarded $10 million from the Economic Development Administration to launch a CARES ACT Recovery Assistance Loan Fund to assist businesses impacted by the COVID-19 pandemic. The EDA CARES ACT Revolving Loan Fund provides economic assistance to businesses within a nine-county region of Coastal Georgia including Bryan, Bulloch, Camden, Chatham, Effingham, Glynn, Liberty, Long, and McIntosh.PURPOSE The loan proceeds are for recovery assistance to those businesses that demonstrate a creditworthy track record prior to the COVID-19 pandemic [...]

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