McAllen Chamber of Commerce Announces Small Business Loan Program Continuing, Time to Apply


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The McAllen Chamber of Commerce and the Town of McAllen are giving local small businesses $1.5 million to accelerate economic progress this summer.

Mega Doctor NEWS

McAllen, TX – The McAllen Chamber of Commerce and the Town of McAllen have awarded more than $300,000 of $1.5 million in grants to reinvigorate local small businesses.

The Chamber and City launched the initiative on June 1 to inspire local small businesses to improve COVID-19 protections, launch online storefronts, alleviate necessary operating and inventory costs, help with overdue rents/utilities and deploy marketing to reconnect with their community .

More than 49 McAllen small businesses received grants of up to $10,000 in the initiative’s first round of funding. More eligible (non-franchise) businesses will receive grants upon approval to participate in McAllen’s economic comeback.

“The response for the first round of McAllen COVID-19 Small Business Grants has been tremendous,” said Steve Ahlenius, president and CEO of the McAllen Chamber of Commerce. “The number of small businesses applying for assistance through the grant speaks to the breadth and depth of the impact of the COVID-19 pandemic.”

Due to overwhelming demand, McAllen quickly approved the second round of grants in the amount of $1.2 million. Many restaurants, salons, boutiques, home improvement stores, adult residences, cafes, print shops and other city favorites have already received grants.

“Small businesses are the foundation of McAllen’s economic success. The city commission and I wanted to provide assistance to small businesses in McAllen through a quick and easy process to help businesses reopen, hire employees, and jump-start our local economy,” said Mayor Jim Darling, Mayor of the town of McAllen.

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The initiative to help small businesses adapt to today’s business climate is the latest example of the McAllen Chamber of Commerce and the Town of McAllen taking an active role in promoting the interests economics of their community. McAllen led the Rio Grande Valley in employment, sales tax revenue, and building and selling new homes for decades, resulting in a better quality of life for residents.

“McAllen is adaptable,” said Steve Ahlenius. “Small businesses are naturally sensitive to the needs of their community. We are committed to holding them accountable as we move forward safely.

Companies can still apply at grant.mcallen.org.

About the McAllen COVID-19 Business Fund

The McAllen COVID-19 Fund has a total of $1,500,000 to help small businesses located within the city limits of McAllen. Small business (non-franchise) grants will be provided to businesses that have lost revenue due to closure restrictions. Two key changes:

  1. $5,000 will be awarded in the second round of funding for all businesses that qualify.
  2. The gross revenue cap has been changed to $2,000,000 for the second round of funding.

Grants can be used to improve COVID-19 protections, launch online storefronts, alleviate necessary operating and inventory costs, cover rent or utilities, and deploy marketing to reconnect with their community.

MEDIA CONTACT: Steve Ahlenius, CEO of CEcD (956) 682-2871 [email protected]

www.mcallenchamber.com

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