Business Recovery Loan Application
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The Economic Development Authority of the City of Lynchburg voted on April 30, 2020, to carve out a portion of their existing Revolving Loan Fund to convert it into a Business Recovery Loan for businesses impacted by COVID-19.
Applications will be reviewed in the order they are received. Applications received without the required documentation will not considered. Economic Development Authority of the City of Lynchburg Business Recovery Loan Funds are not forgivable. Businesses that have been approved for or received federal funding via the Coronavirus Aid, Relief, and Economic Security Act (EIDL, EIDL Advance, or PPP ) funding are not eligible to apply for this fund.
The Economic Development Authority of the City of Lynchburg Business Recovery Loan Fund cannot be used for the refinancing of existing debt.
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