Buda small-business loan program opens applications

Eligible expenses for the loans include payroll, rent, utilities, cost of goods sold, inventory and other normal expenses laid out in the program's guidelines.

To be eligible for loan forgiveness, the business must meet the following criteria:

• The business must create or retain at least one full-time job within three months of receiving funds.
• The applicant must stay in business for at least six months past the application's submittal date.
• A loan agreement must be signed by the applicant as an individual borrower.
• The business type cannot change during the terms of the loan agreement once the funds are accepted.

Additional criteria for eligibility are available on the Still Budaful website.