The City of Crescent City is now offering forgivable loans to qualified businesses with Community Development Block Grant (CDBG) funding. The purpose of this program is to provide flexible financing to businesses throughout the county that can create or retain jobs for low-to-moderate-income individuals.
Applicants will receive $35,000 per job created or retained, up to $500,000.
Loans can be forgiven if monthly financial statements are provided to the Program Operator for a minimum of 3 months and jobs are created or retained.
Interest rates will be 1% based on the cash flow needs of the borrower and risk level if loan forgiveness terms are not met.
None.
Existing businesses, business purchases, and business start-ups.
Purchase of equipment, inventory, real property, working capital, debt consolidation, etc.
Forgivable loans will be awarded on a first-come, first-served basis. If you are unable to apply at this time, you will have another opportunity to apply when we launch Round Two next year.
Our Program Operator will walk you through the steps it will take to complete a full application.
September 18, 2025
5:30-6:30PM
Wastewater Treatment Plant
210 Battery Street
Crescent City, CA 95531
Schedule a 1-hr meeting with our Program Operator to discuss any questions you may have about the program, process, or your specific business needs.
Call 707-458-4814 to book a time slot for:
September 19, 2025
Wastewater Treatment Plant
210 Battery Street
Crescent City, CA 95531
Be the first to submit your pre-application to ensure a chance at funding. The pre-application will consist of some basic questions about your business, how many jobs you intend to create or retain, etc. The purpose of the pre-application is to determine eligibility and establish who will get funded first. Once we have received some pre-applications, we will contact the businesses in the order received to begin the funding process. Assistance completing the full application will be provided to those who are eligible.
September 22, 2025 at 8AM
Click on the button below to submit your pre-application.
If you don't have access to a computer or smart phone, you can submit a pre-application in person at:
City Hall
Public Works Front Desk
377 J Street
Crescent City, CA 95531
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