HomeMy WebLinkAbout5-15-20 Attachment 1
May 5, 2020
Mayor Lori Palmeri
City of Oshkosh
215 Church Avenue
P.O. Box 1130
Oshkosh, WI 54903-1130
RE: Greater Oshkosh COVID-19 Emergency Response Loan – Monthly Summary – April 2020
Dear Mayor Palmeri:
The Greater Oshkosh Economic Development Corporation appreciates the opportunity to administer the Greater
Oshkosh COVID-19 Emergency Response Loan Fund (ERL). The Greater Oshkosh EDC Board of Directors and
Revolving Loan Fund Committee believe that this program provides, and will continue to provide, necessary cashflow
for businesses affected by COVID-19 pandemic.
Greater Oshkosh EDC continues to offer monthly updates to the council on ERL activity and this letter serves as that
update. A total of nine loans have been approved by the Greater Oshkosh ERL program and seven have been
disbursed. Thus far, no loans have passed the six month deferment for payment. To date, the Greater Oshkosh ERL
has committed $90,000, with $960,000 remaining in the fund.
As a reminder, the Greater Oshkosh COVID-19 Emergency Response Loan has a minimum loan of $1,000, maximum
loan of $10,000, with payments of principal and interest for six months after closing. Please let us know if you know of
any businesses in our area that could use assistance from this fund.
Please find attached a report we have provided with further detailed information on this fund.
Please contact us anytime at (920) 230-3322 if you have questions or to provide more information.
Sincerely,
Jason E. White, CEO
Greater Oshkosh Economic Development Corporation
cc: Jake Krause, Deputy Mayor
Debra Allison-Aasby, Council Member
Bob Poeschl, Council Member
Matt Mugerauer, Council Member
Michael Ford, Council Member
Lynnsey Erickson, Council Member
Mark Rohloff, City Manager
Allen Davis, Community Development Director