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.
Loan Amounts
Interest Rates
Loan Amounts
Applicants will receive $35,000 per job created or retained, up to $500,000.
Terms
Interest Rates
Loan Amounts
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
Interest Rates
Interest Rates
Interest rates will be 1% based on the cash flow needs of the borrower and risk level if loan forgiveness terms are not met.
Loan Fees
Use of Funds
Interest Rates
None.
Eligibility
Use of Funds
Use of Funds
Existing businesses, business purchases, and business start-ups.
Use of Funds
Use of Funds
Use of Funds
Purchase of equipment, inventory, real property, working capital, debt consolidation, etc.
STAY TUNED FOR THE LAUNCH OF ROUND TWO!
Forgivable loans will be awarded on a first-come, first-served basis. If you were unable to apply during Round One, you will have another opportunity to apply when we launch Round Two next year.
What's involved?
Click the button below to see what will be required if you are selected to submit a full application.
Round One Application Workshop
Contact Us
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