PLEASE NOTE:
Applications for Round 1 of funding are no longer being accepted. If additional funds are available for Round 2 of applications, the City will make an announcement via this website and local media.  Thank you for your interest.

The City of Columbus is offering Columbus INvigorate, a loan program for small businesses impacted by the outbreak of COVID-19.

This program is created to serve for-profit businesses located in Columbus, Indiana.

  • Gross receipts less than $2 million per year
  • Fewer than 50 employees (full-time and part-time)
  • Businesses that show a decline in revenue in 2020, due to COVID-19
  • In business as of January 1, 2020

This loan program is designed to provide working capital or bridge financing for three months.

  • Loan Amount – $5,000-$25,000
  • Terms:
    • 1% interest
    • 6 month interest-free payment deferral
    • 36 month term (equal payments)
    • Waive collateral
  • Personal guaranty
  • Use of the funds for ordinary and necessary business expenses, but not debt consolidation

First round deadline April 30, 2020

  • Applications are to be submitted to ARa by April 30, 2020 close of business (4:30 p.m.).
  • All applications received before that date will be considered filed at the same time.
  • Subsequent applications will be considered on a first come, first served basis as long as funds are available.