MOUNT HOLLY – Two extra Burlington County companies have been accepted to obtain interest-free HELP loans to help with their pandemic restoration.
The Burlington County Commissioners voted final month to approve the 2 zero-interest, $50,000 loans for Del Val Designs, a Mount Holly printing and engraving enterprise, and The Supreme Dessert Store, a Willingboro dessert and sandwich store.
The loans come from the County’s Well being Emergency Mortgage Program, also referred to as HELP. This system was established by the Commissioners final fall in response to the well being disaster and ensuing financial fallout.
Up to now, seven Burlington County companies have acquired interest-free loans by way of this system, and the Commissioners need companies to know that there’s nonetheless cash out there for extra loans.
“From the beginning of the pandemic our Board has carried out every little thing doable to help each our county’s residents and our small companies, and we proceed to take action,” mentioned Commissioner Director Felicia Hopson. “Our HELP loans have supplied very important financing to native companies who both fell by way of the cracks and didn’t qualify for federal or state assist or as a result of they wanted further funds throughout this difficult time.”
Del Val Designs is a small, family-owned printing and engraving enterprise that has operated in downtown Mount Holly for the final 11 years. Their $50,000 mortgage is anticipated to finance repairs and modifications to the enterprise’ Mill Avenue constructing to adjust to COVID-19 restrictions and tips and help increasing enterprise alternatives. The mortgage may even finance the acquisition of up to date gear.
The Supreme Dessert Store is a brand new dessert and sandwich place deliberate to open within the East Ridge Plaza Procuring Heart in Willingboro. The opening was delayed because of the pandemic, which each slowed down building on the web site but in addition elevated the prices.
The restaurant’s mortgage can be used to put in a industrial kitchen and purchase different gear wanted for the restaurant, together with COVID-19 security measures.
“Del Val Designs is a longtime enterprise that’s making an attempt to get better and regulate to the ‘new regular’ and the Supreme Dessert Store is a brand new enterprise that’s making an attempt to get off the bottom,” mentioned Hopson, who’s the Commissioners liaison to Financial Growth. “Each have been negatively impacted by the pandemic and need to our county for help. We’re happy to offer them some help with these HELP loans.”
Funding for the loans was secured by the Burlington County Bridge Fee’s Financial Growth Workplace, which can be administering the mortgage program.
“Burlington County is a incredible place to reside and lift a household and likewise develop a enterprise, and the Bridge Fee is proud to associate with the County Commissioners to supply these interest-free loans to small companies impacted by the pandemic,” mentioned Matt Riggins, chairman of the Burlington County Bridge Fee. “We’ve seen how these loans is usually a lifeline and the way they’ve helped house owners retain staff and buy gear required for his or her companies to develop once more. By making this help out there, we’re sending a message to our county’s enterprise house owners that they’re not going through this disaster alone.”
There’s nonetheless cash remaining for companies in want. As much as $50,000 in zero-interest financing is on the market for business-related purchases, payroll and different bills.
For extra data or to use, go to www.bcbridges.org/covid19-resources/.
