- Agency: Kern County has partnered with Valley Republic Bank, Mission Bank, Valley Strong Credit Union, and AltaOne Federal Credit Union
- Description: The Kern Recovers Program provides $25 million in forgivable loans of up to $75,000 each to local small businesses like restaurants, gyms, and salons to directly mitigate the economic impacts of COVID-19.
- Link(s): https://www.kerncounty.com/government/kern-recovers
- Type of assistance: Loan
- Amount: up to $75,000
- Restrictions/Eligibility: If your answer is “yes” to all of the questions below then you are eligible to apply.
-Were you in business prior to March 1, 2020?
-Is your business independently owned and operated?
-Was your business directly impacted by COVID-19 and you will utilize loan proceeds to mitigate these impacts?
-Have you averaged fifty (50) or fewer concurrent employees from March 1, 2019, through March 1, 2020?
-In the calendar year 2019, was your annualized revenue $5,000,000 or less?
-Has your business had a fixed office, or distribution point, located within Kern County for at least the past six (6) months?
-Do you hold any required business license issued by Kern County or a city within the county?
-Do you employ at least one (1) full-time, or two (2) part-time employees whose primary residence is located within Kern County? If your business has no employees, is it at fifty percent (50%) owned by one (1) or more persons whose primary residence is located within Kern County?
- Due date: Loan proceeds must be spent. 16 weeks from date of loan issuance or by December 30, 2020, whichever is first.
- Time before assistance is approved: TBD
- Who can receive assistance:
US Citizens and Legal Residents: ITIN and/or Undocumented: Yes Yes