The Times Record
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The city of Bath will offer a second round of one-time loans through its Economic Relief Bridge Program, an initiative that provided $300,000 in loans to 39 small Bath businesses in 2020, according to a news release.
This year’s program was recommended by the City’s Economic Development Committee in response to immediate needs for small businesses affected by the COVID-19 Pandemic in 2021, and funding was approved by City Council.
The 2021 loans, funded through the Bath Iron Works tax increment finance district, will offer up to $5,000 for small businesses in Bath, and will be awarded on a first-come, first-served basis with program funding of up to $200,000.