Council of Ark-Tex Governments Offering Covid-19 Loans | To free

The Ark-Tex Council of Governments met Thursday morning to take care of some essential business before the holidays.

The group met via Zoom and reviewed Covid relief available to local businesses, presented by Melody Harmon.

“We have released information… to the public about the program,” she said. “We have just received a notice that we will add the counties in the ETCOG zone back, because they have not received their funding, so we will make an amendment next time.”

The program aims to help local businesses alleviate Covid-19. According to Harmon, the loan must be linked to the virus, it cannot cover payroll expenses, it has no repayment penalties, and the existing business must have been in business for at least two years to apply. The Council of Governments has received $ 500,000 to help businesses in the region stay afloat during the pandemic, and the loans have low interest rates, she said, of around 2.5%. The minimum for a loan is $ 5,000, with a maximum loan of $ 50,000.

“We’ve updated our app,” Harmon said. “It is available on our website. If you see someone who has an interest, direct them to our website.

Five companies have already applied and one has been approved so far, she said. The loan approved was $ 50,000.

The group also approved contracts for juvenile justice services for Bowie, Cass, Hopkins, Lamar, Red River and Titus counties. The board also reviewed and approved license renewals for Atlanta, Bogata, Linden, Maud, Omaha, Reno, Roxton, Talco, Winfield, Queen City, Delta County Municipal Utility District, Hooks ISD, Kimberly-Clark Corporation, Riverbend Water Resources District, United States Depot. from the Army for the former Lone Star Army Ammunition Plant, TCI Texarkana Inc., and Texana Tank Car and Manufacturing Ltd.

The group also presented its five-year plan for the government’s Housing Choice Voucher program for low-income families.

For Covid-19 relief loans, Harmon directed those interested to atcog.org/covid-19-rlf/, or call their office at 903-832-8636.

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