The City of Cloquet Economic Development Authority (Cloquet EDA) and Entrepreneur Fund are pleased to announce they are accepting loan applications for the recently formed Cloquet EDA Small Business Assistance Loan. The program was developed by the Cloquet EDA who has contracted with the Entrepreneur Fund to review, process, and close the loan applications for qualifying small businesses located within the city limits of Cloquet and within commercial /office/industrial buildings in response to challenges from the COVID-19 pandemic.
“Small businesses need our support now more than ever. The Entrepreneur Fund is poised to help Cloquet businesses by making the process as seamless as possible and leveraging additional programs that these businesses may be eligible for,” said Shawn Wellnitz, Entrepreneur Fund CEO.
The purpose of this fund is to prevent permanent closure of City of Cloquet for-profit businesses during and after the COVID19 pandemic and restore affected businesses back to financial health as quickly as possible.