More information on the state's response to COVID-19's impact on small businesses More Info
Rise Up Now Delaware (RUN-DE) is a revolving loan fund available that provides additional access to capital for Delaware-based small businesses with 2-99 full-time employees and a demonstrated annual revenue of at least $12,500 prior to March 13, 2020.
Eligible businesses must meet all of the following criteria:
Businesses may apply for two times their 2019 or 2020 annual revenue up to a maximum of $50,000. The entire program has a maximum lending authority of $1,500,000.
Loan proceeds may be used to purchase equipment, retrofit existing brick and mortar business operations, acquire or construct new business operations, inventory or as working capital. However, the Loan proceeds may not be used to refinance or pay off existing debt.
No. This is strictly a loan program. Loans will be amortized over 10 years with interest earned but deferred for the first 12 months.