Check back for continued updates focused on providing information, education and support for our small business community. Let us know if you have any questions.
Over the weekend, Minnesota became eligible for the SBA’s Economic Injury Disaster Loan Program. Details about the program include:
- Loans of up to $2M in assistance are available to help provide small businesses support due to the temporary loss of revenue.
- The loans may be used to pay fixed debts, payrolls, accounts payable and other bills that cannot be paid.
- The interest rate is 3.75% for small businesses and 2.75% for non-profits
- The maximum loan term is 30 years and terms are determined on a case by case basis.
The SBA is highly encouraging that the application be completed online—and not mailed in.
To assist, the SBA is offering loan training all this week—twice a day at this point in time (I’ve notice some are full already, so please register quickly).
Monday, March 23, 9 am: Register or 1 pm; Register
Tuesday, March 24, 9 am: Register or 1 pm: Register
Wednesday, March 25, 9 am; Register or 1 pm: Register
Thursday, March 26, 9 am: Register or 1 pm: Register
Friday, March 27, 9 am: Register or 1 pm: Register
These trainings will cover program eligibility, use of proceeds, terms, filing requirements, and additional small business resources. After registering you will receive the Skype webinar log in information. Spanish language trainings are coming soon.
new business program being offered by DEED—the Small Business Emergency Loan Program. This program is expected to be up and running by later this week, but information is available now so businesses can prepare to apply. Highlights of the program:
- Loans will be $2500 to $35,000 with a 0% interest and 5 year loan term
- Businesses affected by the Governor’s Executive Orders 20-04 and 20-08 are eligible to apply
- To qualify businesses must have been denied credit by a lender and have sought/are seeking SBA Economic Injury Disaster Loan Assistance.
- Applications will be made through a certified non-profit lender
- To learn more: https://mn.gov/deed/business/financing-business/deed-programs/peacetime/
Again, we have posted this information and more on the CDA’s website and are updating daily or as information becomes available: https://www.carvercda.org/small-businesses-are-critical-to-carver-countys-economy/.
Other resources – https://www.carvercda.org/small-businesses-are-critical-to-carver-countys-economy/.
Rally behind our small businesses!
The downtown Chaska businesses community is continually working to embrace the change that our new found quarantine lifestyle has brought so check back her for updates on how to support our various businesses!
Here are some ideas to support our small businesses and their employees who love and depend on our community!
❤️ Shop locally online.
❤️ Buy gift cards now to use later.
❤️ Order to go/delivery from our local restaurants.
❤️ Support our local charities online or drop off donations.
❤️ Like & share posts on social media or write reviews.
Feel free to share other ideas and Shop Chaska ❤️
We ❤️ our downtown businesses so here’s how to shop our retail, boutique and speciality shops. Like and follow each business for specifics on web, app or other shop options.
32 North Boutique, Body Expressions Consignment Clothing, Linda’s Cellar, Carver Junk Company, Shop 501, Inkheart Tattoo Chaska MN, Threadtastic, Michael’s Cycles – Chaska, MN, Von Hanson’s Meats – Minnesota, Chasers Beverage Center, and Lynn Laumann Photography.
We also have some wonderful volunteer organizations that could use support as well – Launch Ministry, His House Foundation, Carver Scott Humane Society and Little Free Pantry In Chaska.
We will update as businesses finalize plans but feel free to show a little ❤️
Hungry and want to support downtown businesses? Here’s a list of options for delivery or curbside pickup ❤️
Patron Mexican Restaurant & Bar, La Hermosa, Dolce Vita Wine Shop, Schram Haus Brewery, Revive Nutrition, Chaska My Love Restaurant, Dunn Brothers Coffee, Domino’s Chaska, Cy’s Bar and Grill and Little Caesars Chaska.
Feel free to follow this post as we will update it as more downtown businesses finalize plans. Like and follow each business to stay updated on how to order.
Can’t forget to mention Cooper’s Foods MN for all the staples!