News from Riverside County
Riverside, CA: The County of Riverside has approved the two following programs for small business assistance:
COVID-19 Small Business Assistance Program Microloan – Up to $15,000 for qualifying small businesses in eligible cities. The target is small businesses with fewer than 5 employees. It is a 0% interest rate, 1-year loan term with deferred payments for the first 3-months and a possible forgivable clause, please see attached flyer.
COVID-19 Small Business Assistance Program Restart Loan – Up $15,000 – $30,000 for any small business within the County. The target is small businesses with fewer than 25 employees and a minimum of 2-years operating history. It is a 3.75% interest rate, 5-year loan term with deferred payments for the first 6-months, please see attached flyer.