In support of small businesses affected by the COVID-19 public health pandemic, the City of Carlsbad is accepting small business loan applications, totaling $4.4 million in micro loans and small business recovery loans directly to Carlsbad small businesses. The loan support is a majority of a $5 million economic revitalization package to help businesses affected by COVID-19.
Submit a COVID-19 business loan application.
To qualify for the loans, businesses must hold a valid City of Carlsbad business license as of March 1, 2020 and be in good standing with the city. Applicants who have already applied for federal assistance may not use city loan money for costs covered by the federal assistance. Loans should be used for operational expenses such as rent, payroll, mortgage interest and utilities
Micro loans
Small business recovery loans
Other business support as part of the $5 million revitalization package includes:
The city’s business revitalization programs were developed by an ad hoc city council economic revitalization subcommittee, which has worked with local businesses to understand and respond to their needs.
On June 10, the city also extended the opportunity for businesses to activate public space with the temporary use of private parking lots and public sidewalks during the COVID-19 physical distancing protocols. Private property permits will be valid for one year from the date of issuance or until the state and county health offices release businesses from the coronavirus physical distance protocols or impost new restrictions/limitations, whichever come first.
On April 7, the City Council temporarily suspended evictions of commercial tenants who can’t pay rent due to the COVID-19 public health emergency. To qualify, a commercial tenant must have been current on rent when the statewide emergency was declared on March 4 and notify the landlord in writing prior to rent being due or up to 10 business days after. The tenant also must be able to prove that the inability to pay is related to the COVID-19 emergency’s effect on the tenant’s business. The tenant will still be responsible for paying the back rent plus any late fees.
For more information about the loan program and other business support, please visit carlsbadca.gov/covid19business or email business@carlsbadca.gov. Apply for the small business loan at https://carlsbadca.gov/loan.
July 22, 2020