Applications open for new round of COVID-19 relief loans for CSRA businesses

AUGUSTA, Ga. (WRDW / WAGT) – CSRA Business Lending, an Augusta-based nonprofit small business lending agency, has received $ 3.7 million grant to provide COVID-19 relief loans to businesses of the region.

The agency has funded more than 825 commercial and industrial projects in Georgia and South Carolina for a total of more than $ 723 million.

The grant came from the Economic Development Administration (EDA) to provide COVID-19 relief loans to businesses in the region affected by the COVID-19 crisis.

The loan proceeds can be used for working capital, limited debt consolidation, and other capital assets needed by businesses that can demonstrate a credit history prior to the COVID-19 crisis. CSRA can also consider new projects and extensions.

Due to expected demand and limited funding, applications can only be accepted for a limited time and will be reviewed using a scoring system adopted by the CSRA Board of Directors.

All applicants are requested to upload an application, then scan and send all required application documents to [email protected] or via a secure file submission which can be found on the CSRA Business Lending website or they can drop off their completed application at the CSRA offices at 3626 Walton Way Extension, Suite 300, Augusta, GA 30909.

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