These Delaware businesses got COVID-19 loans, grants from the state

Delaware gave 4,580 businesses state-provided grants and loans during the pandemic, according to data provided by the state.

The aid came from two state-run programs that have since closed and totaled nearly $203 million.

The Hospitality Emergency Loan Program (dubbed H.E.L.P.) provided zero-interest loans of up to $10,000 per month to hospitality-related businesses. 

The state launched it near the start of the pandemic to help the then-estimated 2,700 businesses in the hospitality industry who were expected to take a blow from the pandemic’s effect on the economy.

The loans were meant to cover immediate, unavoidable expenses.

The loan program was later expanded to include “personal care services” businesses such as barbershops, hair and nail salons, and beauty shops.

By the end of the program, which stopped accepting applications in October, 364 businesses received a total of $10.9 million.

That’s much less than was provided through the federally-paid business aid programs such as the CARES Act-funded DE Relief Grants, the federal Restaurant Revitalization Fund and the federal Paycheck Protection Program.

The top earner of the loan was The Greene Turtle franchise, which has seven locations in Delaware. Data show that three different applicants — Pusan LLC, Turtle Time DE1 LLC and Turtle Time DE2 LLC — got a total of $892,450 through the loan program.

The applicants could not be reached for comment.

The second-highest earner was Harry’s Savoy Grill in Wilmington. The restaurant got about $345,200 in loans, according to the data. 

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