The City of Trinidad Small Business Loan Program
The City of Trinidad Small Business Loan Program is an affordable, flexible, and friendly loan program available to small businesses and nonprofits located in the City of Trinidad who have been impacted by the COVID-19 pandemic. The intent of these $10,000 loans is to help small businesses survive and rebuild through retaining employees and investing in the future of Trinidad.
Financing is available over twenty-four months (two years) at an interest rate of 0.00%. No repayments of principal are due during the first SIX months of the loan. Monthly payments over the remaining EIGHTEEN months will be $555.56.
The City of Trinidad Small Business Loan Program is open to most Trinidad-based small business and non-profits, with the exception of: marijuana businesses, liquor stores, consumer cooperatives, dealers of rare coins and stamps, businesses that derive more than 10% of annual gross revenue from gambling, racetrack operations, golf courses, cemeteries, Research and Development (R&D) projects that involve technology not commercially available, pyramid sales schemes, real estate investment firms, and firearms dealers.
The City of Trinidad Small Business Loan Program Details:
- Loans of $10,000
- 0% interest rate
- Two-year terms
- No repayments of principal due during the first six months
- Monthly payments of $555,56 for the remaining 18 months
Once you've completed the applications, please email it to [email protected].