As of June 29, Williamson County had distributed $33.2 million in small business loans, but County Treasurer Scott Heselmeyer said he anticipated the total would reach $34 million by the end of June 30, the program's cut-off deadline.
The program began in early May as a way of providing assistance to area small businesses that suffered financial losses due to COVID-19. Williamson County Commissioners Court initially dedicated $25 million of its more than $93 million in federal coronavirus relief aid package to the program. The court then added $10 million more in early June, providing a total of $35 million to the program.
As of June 29, 3,509 applications had been approved, Heselmeyer said, with a little more than 100 still pending. The staff received approximately 25 new applications every day since the first day, averaging $9,472.28 per grant, he said.
Williamson County continues to distribute the remainder of its federal coronavirus relief funding, having turned its focus to cities, emergency services districts and community service organizations, among other entities.