The Manhattan Area Chamber of Commerce announced 47 recipients of funding from the Manhattan Business Emergency Assistance Loan Program.
The funds for this program were drawn from the City of Manhattan’s Economic Development Fund upon approval of the Manhattan City Commission, and the program is being administered by the Manhattan Area Chamber of Commerce. Funds can be utilized by for-profit businesses that have immediate needs to maintain business operations due to the COVID-19 disaster. The program is not meant to replace existing relief programs, but is a bridge to longer-term state, federal or private funding options.
“We are pleased to be getting these funds out as quickly as possible,” said Jason Smith, President and CEO of the Manhattan Area Chamber of Commerce. “The funds will hopefully serve as a temporary bridge to help these businesses secure longer-term funding solutions including the SBA’s disaster program or the CARES Act Payroll Protection Plan.”
Smith credited the MACC Board of Directors and Manhattan City Commission for their quick action and forward thinking in getting the funds approved and allocated within 10 days of the program’s creation.
The following 47 loan recipients have received funding totaling $208,840:
1419 Mercantile, 63 Party Bus & Transportation, 9Round Fitness, Acme Gift & Thread, Aggieville Barber, AJ's NY Pizzeria, Bandit Coffee Café, Bluestem Bistro, Bob Joyce Agency, Bockers II Catering, Borck Brothers Menswear, Carpet Cleanse, Confetti & Cashmere, Cool Care Club, Elevation Studios, Far Out Arcade, Full House Chinese Restaurant, Gaia Salon Spa, GT Jewelers, Hilton Garden Inn & Manhattan Conference Center, IHOP , J&C Imaging, Jeff's Pizza Shop, K-Scrubs, Light Box Tattoo, Little Apple Brewing Co., Little Apple Lanes, Mrs. Powell's Bakery, Old Chicago Pizza & Taproom, Orange Sky Yoga, Outer Rim, Pfeifley Jewelers, Planet Beach Spa, Professional Orthotic & Prosthetic Services, Public Hall, RC McGraws Bar & Grill, Shaw Family Chiropractic and Acupuncture, Sorell-Iversen Chiropractic Clinic, Subs-N-Such, Super Cub & Acme Local, Syndicate Tattoo, That'll Buff Out, The Boutique, The Dusty Bookshelf, The Hi Lo, The Villiage Geek – Manhattan and Widgets Family Fun.
Businesses may apply for the program online at www.manhattan.org. Applicants should be able to demonstrate immediate need created by the COVID-19 disaster, must be pursuing additional funding opportunities, and will be asked to submit a detailed description of the expenses the funds will be used to pay for, to include financial documents.