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Jax Daily Record Friday, May 22, 202005:00 AM EST

Relief programs: Loans for small businesses, money for individuals

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How much money has been loaned or distributed.
by: Katie Garwood Staff Writer

Two city programs offer relief to businesses and individuals.

Business loans

Jacksonville-based VyStar Credit Union and the city are partners on a business loan program for up to a $100,000 line of credit.

So far, 1,114 businesses have applied and $38,963,000 has been distributed, the city said.

The VyStar loan pool is $50 million.

Individual relief

The city’s $40 million  Mortgage, Rent and Utility relief program gives qualifying city residents a $1,000 prepaid credit card.

As of May 18, 20,678 cards were distributed.

All appointments to claim the money have been issued.

 

 

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