Round 2 is now closed
- Agency: City of Fresno
- Description: The City of Fresno has embraced the need for social distancing in response to the COVID-19 outbreak. But the effort has come at a cost for small business owners.To help them weather this public health emergency, the Fresno City Council has created a $750,000 emergency fund for distribution to small businesses and for use to support current cashflow. Applicants must have been required to close or reduce operations by the state or local Shelter in Place orders.To ensure a fair and fast distribution of funds to as many businesses as possible, all applications received by 11:59 pm, Sunday April 12, 2020 will be reviewed and verified for eligibility. Applications will then be sorted by the Administrator, Access Plus Capital and randomly selected.
- Type of assistance: Loan
- Amount: $5,000 for eligible businesses with 5 or fewer employees, as of February 15, 2020$10,000 for eligible businesses with between 6-25 employees, as of February 15, 2020
- Restrictions/Eligibility: Loans shall be forgiven after one year from the date the loan documents are executed if all of the following have occurred; the borrower has maintained a valid City of Fresno Businesses License/Tax Certificate during the term of the loan; they have no outstanding local state, federal tax liens, judgments, municipal code violations; and are operating as permitted by their Conditional Use Permit
- Due Date: 11:59 p.m. on Friday, June 12
- Time before assistance is approved: Businesses will be notified of the results of the random selections starting Monday, June 15.
- Who can receive assistance:
US Citizens and Legal Residents: ITIN and/or Undocumented: Yes Yes