The EDC set aside $200,000 to assist as many as 40 small businesses. “They pay the next month’s bills with this month’s sales, so the recovery assistance program came at just the right time.” “Many of these small businesses operate on tight budgets,” said Sonja De La Fuentes, an EDC board member. “It’s good that the EDC could step up in this way and help small businesses in Weslaco when they are in great need of assistance.”Īmong the other Weslaco businesses receiving assistance through the program are Busy Bristles Art Studio, Minga’s Legacy Barber Shop, All American Trucking, Ultimate Do Spa & Salon, and Weslaco’s Daily Grind. “I’m grateful for their support,” Pena said. Lionel’s Western Wear is one of the recipients, and its longtime owner, Sandy Pena, expressed support for both the program and the efforts of the EDC. Merchandise at Lionel’s Western Wear, one of the recipients of the Weslaco EDC’s small business loan/grants program. There is also a forgivance of all loan money repayment if recipients use the funds in compliance with criteria set forth in the program application. Each business can receive up to $5,000 of assistance. “It is essential that we help them survive this pandemic.”Īn announcement of the recipients of the Weslaco Small Business Recovery Assistance Loan/Grant Program took place in late May. “The growing economy in Weslaco has based its success on the traditions set by our small business owners,” said Juan J. The EDC said the loan/grant program helps with payroll, mortgage, rent, utilities and basic operation costs. The program was announced in early May to help small businesses cope with the fallout of COVID-19 hardships. ![]() The Weslaco Economic Development Corporation has awarded 37 local businesses with financial assistance from its small business loan/grant program. Read 196 customer reviews of Western Finance, one of the best Financial Services businesses at 512 S Texas Blvd, Weslaco, TX 78596 United States. Small businesses in Weslaco are the recipients of a special loan/grant program from the city’s EDC.
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