Ontario creates loan fund to assist businesses hit hard by COVID-19 virus restrictions

Traffic to local businesses in downtown Ontario was sparse in this April photo because of COVID-19 virus restrictions. The county has reopened to some extent but the city of Ontario is offering a low-interest loan for merchants that were hit hard by the state restrictions. (The Enterprise/Pat Caldwell).

ONTARIO – Local business suffering from the impacts of the COVID-19 epidemic can now get help from the city of Ontario with a low-interest loan.

The city of Ontario will tap $200,000 from the city’s Business Loan Fund and allows qualified applicants to seek up to $25,000.

No payments are due on the loan for six months and the loan carries a 1% interest rate to be paid back over 24 months.

Businesses that qualify for the city financing . . .