Palm Desert small business can start applying for repayable loans on Wednesday

Starting Wednesday, small businesses in Palm Desert will be able to apply for an interest-free loan through the Unite Palm Desert Economic Relief package.

The city announced the first phase of the loan program that will provide $ 1 million in municipal funds to support restaurants, retail, service industries and small businesses. In total, the program is expected to provide up to $ 3 million in public support to the community.

Small businesses in the city will be able to benefit from forgivable loans of up to $ 25,000. This applies to companies with no more than 25 employees.

Applications will be accepted until June 3, 2020.

For additional instructions on the Economic Assistance Loan Program and application form, go to economic-relief.

Unite Palm Springs is a campaign launched to support Palm Desert residents and their businesses during the coronavirus pandemic. The campaign includes a variety of economic stimulus initiatives and includes several community and regional partners, including: FIND Food Bank; the Palm Desert Region Chamber of Commerce; El Paseo Parking and Business Improvement District; Joslyn Center; Living Desert Zoo and Botanical Gardens; McCallum Theater; Palm Desert High School; and Desert Willow Golf Resort.

“Extraordinary times call for extraordinary action and through programs such as Unite Palm Desert, as well as the countless acts of generosity and compassion that occur every day in our community, our city is rising up and coming together for rise to the challenge, ”said City Manager Lauri Aylaian.

Source link

Comments are closed.