Orange County NC Website
DRAFT <br /> <br />17 <br /> <br /> <br />Forty-three percent (43%) of respondents applied for grants. The Economic Injury Disaster programs <br />were the most commonly used grant programs. Although thirty-one (31) survey participants indicated <br />they received a grant through the EIDL program, the EIDL program alone was a loan program, so these <br />respondents likely received grants through the EIDL Advance grant program that was offered along with <br />loan. Likewise, the respondents that indicated an SBA grant were also likely referring to the EIDL <br />Advance program that was administered by the Small Business Administration. <br />The Paycheck Protection Program (PPP) was a forgivable loan program that some respondents also <br />identified as a grant. The forgivable nature of the loan was maintained as long as the employer <br />maintained or quickly rehired back to pre-pandemic levels and sixty percent of the loan amount was <br />used for payroll. <br />Twenty five (25) of the respondents were awarded grants through the Orange County Small Business <br />Emergency Grant Program. <br />None <br />34% <br />Chamber of Commerce <br />16% <br />Trade Organization(s) <br />13% <br />Local <br />government <br />11% <br />Federal <br />government <br />9% <br />Local government, State <br />government, Federal <br />government <br />9% <br />Financial <br />Institution <br />8% <br />Resource for Recovery Programs <br />38