City aims to help small businesses during COVID-19

Council approves small business
Posted at 3:10 PM, Apr 06, 2020
and last updated 2020-04-07 00:04:27-04

CORPUS CHRISTI, Texas — It's difficult for small businesses to thrive in the best of economic times.

Considering the downturn precipitated by the COVID-19 pandemic, it's much harder.

The city is working with LIftFund to make $2 million in interest-free loans in order for these small businesses to stay afloat during this crisis.

Loans are for a maximum of $25,000 and businesses have to prove they can pay it back.

District 3 Councilman Roland Barrera is a LiftFund borrower and is considering one of these loans to help him cover his business' overhead.

We'll have more on this innovative plan that could potential help many business owners across the city.