Bringing Back the Burg Small Business Fund

The impact of COVID-19 continues to challenge the Spartanburg business community. In order to preserve local jobs and invest in the sustainability of our county’s small businesses, OneSpartanburg, Inc. has established the Bringing Back the Burg Small Business Fund.

Through a partnership with CommunityWorks, a local nonprofit financial institution, the fund is designed to financially assist qualifying small businesses through low interest and forgivable loans. Businesses that have been negatively impacted by COVID-19 and meet the criteria below could be eligible for as much as a $10,000 loan.

 

Apply to the Fund

Review eligibility and documentation requirements below before submitting your application. 

***Due to high demand and limited funds, approvals will be made on a first-come first-serve basis. Please note that you must submit a full application and all documentation in order to be considered. Only Spartanburg businesses are eligible, and the loan maximum is $10,000.***

Donate to the Fund

 

 

Loan Documentation Checklist

After you complete the online application, a CommunityWorks loan officer will be in touch with you to gather the following documentation. Please prepare the following:

1. Completed Back the Burg Online Application
2. Post-COVID-19 Business Plan
3. Copy of a Government Issued Photo ID for All Applicant(s)
4. Business’ Incorporating Documents
5. 2019 Tax Return or 2019 Year End Financial Statements
6. 2020 YTD Interim Financial Statements/Income Statement (no earlier than September 30, 2020)
7. Business Bank Statement from September 1, 2020 or Newer
8. Signed Bringing Back the Burg Small Business Fund Acknowledgement Form
9. Copy of the Business License (City or County)
10. Signed SBA 1624 Form
11. Duns # (If you do not have DUNS #, you can obtain one for free here …if you have further questions, email anash@cwcarolina.org)
12. Completed and Executed Duplication of Benefits and Certification Form
13. Proof of LMI Status (2019 Personal Tax Return OR 2019 W2s)

Applications are not considered complete until all documents are submitted. If you need assistance with any of the required documents, a representative from CommunityWorks can assist you with any questions you may have: 864-235-6331.

Making It Possible

To date, $720,000+ in funds have been raised from private and public entities. Current contributors include Spartanburg County, the City of Spartanburg, the Mary Black Foundation, Spartanburg County Foundation, Truist, South State Bank , Barnet Development Corporation, Hospice Care of SC, Duke Energy, Contec, Inc., The Balmer Foundation, and OneSpartanburg, Inc./OneSpartanburg Vision Plan. More than half of these funds are restricted to businesses that are located in, employ people from, or serve low- and moderate-income areas.

Want to help Bring Back the Burg? 
To make a contribution, please contact John Kimbrell, Chief Business Affairs Officer.