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HELP for Small Business Application Opens Tomorrow

HARLINGEN, TEXAS (April 30, 2020) – The Harlingen Emergency Loan Program for Small Business application opens Friday, May 1.

In March, the Harlingen EDC conducted an Economic Impact Survey for Harlingen business owners and the initial responses showed that the business community was struggling.

“After reviewing the responses and personally reaching out to those who took the survey, we knew we had to do something,” Raudel Garza, HEDC CEO, said.

“Our number one priority has always been to grow and sustain our business community. We hope that HELP does just that, help those small business owners who need it most.”

The Harlingen EDC Board of Directors set aside $1,000,000 to establish the fund. The HEDC will provide the emergency loans at zero (0%) interest to qualified businesses. Repayment of the loans will start a year after the funds are disbursed.

Applicants may receive up to $10,000 and in order to qualify for the loan they must have the following:

  1. Have applied for the Economic Injury Disaster Loan (EIDL) with the Small Business Administration or a Paycheck Protection Program (PPP) through a local lender and been rejected, didn’t take the loan, and provide additional information.

  2. Show a loss of revenues greater than 25% during the COVID-19 crisis period versus last year. If a new business, the owner must provide evidence of extreme hardship.

  3. Have less than 25 employees in Harlingen

  4. Commit to keeping their business in Harlingen.

Before you apply, here’s what you need to know about the application from our CEO, Raudel Garza: