City of Wildomar

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Small Business Emergency Loans
Published on Mar 31, 2020 12:08

In these uncertain times, we are trying to turn over every stone to find ways to help our businesses.

Here is an Emergency Loan program from the US Chamber of Commerce that we thought might interest you (Click here to download the Emergency Loan Guide). Click the link below to go directly to the U.S. Chamber of Commerce website:

Coronavirus Emergency Loans Guide and Checklist for Small Businesses and Nonprofits Website

Some areas of interest:

3. How much can I borrow?

Loans can be up to 2.5 x the borrower’s average monthly payroll costs, not to exceed $10 million.

4. Will this loan be forgiven?

Borrowers are eligible to have their loans forgiven.

How Much?

A borrower is eligible for loan forgiveness equal to the amount the borrower spent on the following items during the 8-week period beginning on the date of the origination of the loan:

Your friend in business,

Kimberly

Kimberly Davidson

Economic Development Director

City of Wildomar

23873 Clinton Keith Road

Wildomar, CA 92595

(951) 297-3457 office

(951) 970-8242 cell

[email protected]

Building opportunity in Wildomar, one business at a time…
© City of Wildomar