COVID 19 Small Business Forgivable Loan Program
The City will begin accepting completed applications at 8:00 a.m., on Thursday, June 11, 2020. Applications submitted early will not be accepted. Questions regarding the submittal or eligibility criteria can be sent to firstname.lastname@example.org.
The City of Tracy COVID-19 Small Business Forgivable Loan Program is a source of capital for small businesses that are experiencing significant business interruptions due to the COVID-19 global pandemic. The program is designed to provide funding for small businesses to cover economic damages suffered as a direct result from COVID-19.
Eligible uses of the funds include lease or mortgage payments, utility payments, payroll for employees still employed and working at the business or employees rehired after a recent COVID-19 related lay-off, and other business needs as eligible under the Community Development Block Grant (CDBG) funding regulations.
Applications will be processed on a first-come, first-served basis, with priority given to businesses that have not received any previous COVID-19 related federal assistance.