Arkansas 30 Day Fund Awards Forgivable Loan to Prescott Business
Today the Arkansas 30 Day Fund announced it has awarded a forgivable loan to Delaughter Enterprises in Prescott, owned by Julius Delaughter, for the maximum amount of $3,000.
According to a press release, the fund was established by Sarah Huckabee Sanders and her husband Bryan Sanders to provide forgivable loans of up to $3,000 to help bridge the gap for small businesses until they receive government assistance or demand returns for their product or service.
The process is quick, easy, and free of red tape. The forgivable loans do not have to be repaid.
“This is about Arkansans helping Arkansans,” said Sarah Huckabee Sanders. “We will continue to help small businesses like this one all across our state save as many jobs as possible.”
Earlier in the week, the Arkansas 30 Day Fund announced a partnership with Arkansas State University. Through its Delta Center for Economic Development, ASU recruits, interviews, and supplies student volunteers to help with the processing of applications received by the Arkansas 30 Day Fund.
Since launching last week, the Arkansas 30 Day Fund has received applications from all across the state and has already begun distributing funds.
Arkansas businesses that qualify for assistance from the Fund are:
- Small businesses that employ three to 30 people;
- Based in Arkansas and have been operating for at least one year;
- Owned and operated by an Arkansas resident.
To apply for assistance from the Arkansas 30 Day submit an application here: