Bankable has partnered with the City of South Bend to provide QuickBridge and Reboot relief microloans to challenged small businesses within the city’s limits. The City of South Bend awarded Bankable $210,000 to add to $105,000 of Bankable’s funds so that businesses can apply for a low-cost loan for up to $20,000. The Reboot loan is intended for businesses that have been forced to close their doors due to the effects of COVID-19 and need some funds in order to reopen the business when that time comes. The QuickBridge loan is meant for businesses still operating but have obvious cash flow relief needs until the business can reach a more self-sustaining point.
For more information about the grant check out these links.