The Small Business Recovery Program will provide up to $25,000 in forgivable loans and technical assistance to businesses and non-profits located in the City of Sacramento.
The forgivable loan program aims to ensure an equitable distribution throughout the City of Sacramento to assist local businesses that have been affected by the COVID-19 pandemic. To ensure this happens, the City has set a goal to have at least:
- 75% of funds go to economically disadvantaged communities
- 25% of the funds go to micro-enterprises, defined as those with fewer than five employees
The application period will be from Monday, June 29 through Monday, July 13. Once the application window closes, applications will be screened using specific criteria followed by a lottery/random draw.