Crisis Support

As communities respond to COVID-19, please know that FORGE is monitoring the effects on our borrowers and the small business community. Our focus remains on our members and our mission. FORGE has been invested in the success of our members since 1988, and we are here for you today.

If your business is experiencing difficulties during this time, please contact the FORGE office to discuss the options and resources that are available. You may reach us at:

FORGE@forgefund.org
or
479-738-1585

FORGE is in contact with the Small Business Administration and our local partners to provide support for the small business community across our service area during this unprecedented time.

FORGE is also taking responsible distancing measures to protect our staff, members, families, and the general population. While the FORGE team continues regular operations, we are limiting in-person contact and working remotely to best meet your needs.

SBA Payment Relief for current and new FORGE SBA microloans

The SBA will automatically pay the principal, interest, and fees of current 7(a), 504, and microloans for a period of six months beginning with the first payment due on a loan after March 27, 2020.

The SBA will also automatically pay the principal, interest, and fees of new 7(a), 504, and microloans issued prior to September 27, 2020.

New SBA loans can not be used to refinance existing non-SBA FORGE loans. A single borrower is still limited to $50,000 combined under the microloan program.

Technical Assistance to support small businesses and nonprofits to navigate available programs and applications.

The staff members at FORGE are responding to phone calls and emails from FORGE members and non-members alike. We are working to help small businesses apply for federal programs and connect them with other resources available.

Contact us for support

Rapid Response Loan for current FORGE borrowers

Through funding provided by the Winthrop Rockefeller Foundation and the Arkansas Community Foundation, FORGE has provided rapid response loans to existing borrowers to address the impact to small businesses due to the global pandemic. These loans are flexible, affordable, and rapidly deployed. FORGE is currently structuring additional loan products tailored to the needs of small business owners.

STAY TUNED

Opportunity Grants for current students and alumni of the Remix Business Academy

FORGE is providing $500 opportunity grants and 1:1 consulting with grantees to support ideas that identify opportunities for change and growth in the current economic climate.

Proposals are due by April 30. 2020.

Current students and alumni of the Remix Business Academy:

Contact

Phone: (479) 738-1585
Email: forge@forgefund.org
Fax: (479) 738-6288
Mailing Address: P.O. Box 1138
Huntsville, AR 72740

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Legal

The Federal Equal Credit Oppurtunity Act (ECOA) prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract), because all or part of the applicant’s income derives from any public assistance program, or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act.

Mission

FORGE, through its community based lending activities, seeks to promote community development and enhance the quality of life and economic sustainability of agrarian communities by linking...

Investors with Borrowers
Urban and Rural Communities
Consumers with Producers
Low income groups with Basic Affordable Credit

Disclaimer Notice: The Federal Equal Credit Opportunity Act (ECOA) prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract), because all or part of the applicant’s income derives from any public assistance program, or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act.