Hundreds of small businesses in Dallas County may be eligible for new forgivable loan program

Small business owners may be eligible for new forgivable loans from Dallas County. (Courtesy Pexels)
Small business owners may be eligible for new forgivable loans from Dallas County. (Courtesy Pexels)

Small business owners may be eligible for new forgivable loans from Dallas County. (Courtesy Pexels)

Small businesses in Richardson and other areas of Dallas County may be eligible for additional forgivable loans under a new county program.

Dallas County began accepting pre-applications June 15 for the emergency program, which will allocate $5 million of federal stimulus funds toward small businesses that have yet to receive enough financial assistance to meet their needs.

The forgivable loans, funded through the federal CARES Act, would be worth up to $15,000 per business.

The county expected that the need from area businesses would exceed available money, according to a June 9 news release.

To find out whether they are eligible and to initiate the pre-application process, business owners may visit the program's website.


The county will use a randomized selection process to determine which companies will be allowed to submit a full application, according to the release.

The pre-application period will remain open through June 28, said Lauren Trimble, the county judge's chief of staff, in an email.
By Daniel Houston
Daniel Houston covers city government, transportation, business and education for Community Impact Newspaper in Lewisville, Flower Mound and Highland Village. A Fort Worth native and Baylor University graduate, Daniel reported previously for The Associated Press in Oklahoma City and The Dallas Morning News.


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