Loans to Small Business Owners

During an economic time that demands action, the Plymouth Office of Community Development and the Chamber of Commerce are combining efforts to assist existing small business owners and Plymouth residents interested in starting their own businesses, to stimulate the economy and create new jobs.

Offered through the Office of Community Development, the "Microenterprise Assistance Program" allows Plymouth residents to apply for various options in secured low interest loans up to $35,000. Requirements include completing a 7-week course offered by SCORE (Service Corps of Retired Executives) entitled "Small Business Management" and developing a business plan. The federally funded loans are offered by the Department of Housing and Urban Development through a Community Development Block Grant.

"Small Business Management" is a comprehensive program offering assistance with building advertising, bookkeeping and marketing skills as well as a guide for business survival, start-up concerns, bank loans and e-commerce. One-on-one counseling is also available for participants to assist with business planning.

For more information on the "Small Business Management" course, please visit the SCORE website, under Business Training Workshops. Click here for the Office of Community Development and the Plymouth Area Chamber of Commerce.

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