Addison Launches CARES Lease/ Mortgage Assistance Grant Program

Published:
Fri 7/17/20
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The Town of Addison has established a Lease/Mortgage fund in the amount of $500,000 to provide grant assistance to local small businesses who have been financially distressed by the COVID‐19 pandemic. Each award grant is valued at 75% of a business’ gross lease or mortgage for two months, for a maximum grant award of up to $10,000 per company.
 
The goal of the program is to improve the sustainability and longevity of the most vulnerable companies who maintain operations in Addison. The program offers relief to Addison businesses who have not had an opportunity to receive funding through other COVID‐19 relief programs such as the Payment Protection Program, SBA Loans or other funding sources intended to curb the financial impact of the pandemic.

Applications must be postmarked no later than Friday, July 31. Eligibility criteria and the grant application can be found here.