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, the Spartanburg Area Chamber of Commerce 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.
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.***
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:
- Post-COVID-19 Business Plan
- Copy of a Government Issued Photo ID for All Applicant(s)
- Business’ Incorporating Documents
- 2019 Tax Return or 2019 Year End Financial Statements
- 2020 Interim Financial Statements/Income Statement
- Business Bank Statement from June 1, 2020 or Later
- Signed Bringing Back the Burg Small Business Fund Acknowledgement Form
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, $700,000+ in funds have been raised from private and public entities. Current contributors include Spartanburg County, the City of Spartanburg, the Mary Black Foundation, Truist, South State Bank , Barnet Development Corporation, Hospice Care of SC, Duke Energy, Contec, Inc., The Balmer Foundation, and Spartanburg Chamber/OneSpartanburg. 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.