Lake Country Development Corporation Announces COVID-19 Emergency Loan Program

On Friday, April 10, 2020, the Lake Country Development Corporation announced their COVID-19 Emergency Loan Program. Funds are available through an application process for a maximum of $5,000 for small business impacted by the COVID-19 pandemic. Businesses must be located in the Planning District Commission 13 region which includes the Counties of Brunswick, Halifax, and Mecklenburg and localities within the region. Applicants must complete an application and provide required documentation to be considered.

“At this time of uncertainty, it is important that our small businesses are supported to enable viability through the pandemic” said Deborah Gosney, Lake Country Development Corporation and Southside Planning District Commission Executive Director. “As the lending arm of the Southside Planning District Commission, the Lake Country Development Corporation Board felt this was the way we could reach out and offer support to our small businesses who need it most right now. These small businesses are being hit hard and, sadly, without financial support, many will not survive.”

Businesses interested in applying for funding under this program are encouraged to apply immediately as there are limited funds available. For more information and an application, please visit www.southsidepdc.org.

Lake Country Development Corporation funds investments that are for the establishment of new industries, assistance for existing locally-based industries, innovative and job-creating economic uses and activities, and to fill a gap in the existing local financial market in the Virginia counties of Brunswick, Halifax and Mecklenburg.

The Southside Planning District Commission serves as the regional planning organization. The primary objective of the Southside Planning District Commission is to promote the orderly and efficient development of the economic, physical and social fabric of this rural region by assisting local governmental units in developing policies, programs and projects which directly impact the region's economic, physical and social needs.