ANGOLA, IN – The City of Angola received a grant from the Indiana Office of Community and Rural Affairs (OCRA) to assist Angola’s small local service and retail industry businesses that employ under 50 people.

The City of Angola Investment Fund will offer loans up to $10,000 to COVID-19 impacted small businesses. The interest rate will be one percent. If certain criteria are met, the loan may be forgiven.

All loans will have an automatic six-month payment deferral period at the start of the loan. Businesses must exist within the City of Angola corporate limits and be able to show they have been negatively impacted by COVID-19 to be eligible for funding under this program.

For more information go to the City of Angola’s website at www.angolain.org/AIFLoan which contains the link to the application. The link to the City’s page and the application can also be found on Partner websites-Steuben County Economic Development Corporation, Steuben County Tourism Bureau, Angola Area Chamber of Commerce, Steuben County Community Foundation, and Downtown Angola Coalition.

If you would like to get more information on this program, please contact Vivian Likes, Director of Economic Development and Planning at Angola City Hall, 210 North Public Square, Angola, Indiana at vlikes@angolain.org or leave a message at 260-665-7465 extension 7265.