“We received almost double the amount that we needed within the first 24 hours,” said Councilman
Last month, the city set aside
Morrison said he wasn't surprised by the number of applications, particularly because there is such a high need for business assistance in
“It didn't terribly surprise me because I hear from these businesses on a daily basis about the struggles they are going through,” he said.
To qualify for the loan, restaurant or retail businesses must be based in
The loans can be forgivable, as long as recipients show that they spent a certain amount of money on payroll and other expenses, according to a city staff report.
“This is where, if we had more resources to allocate, we would put them,” she said.
But the city doesn't have more money to help local businesses through this program.
Instead, Sotelo-Solis said, the city is encouraging businesses to apply for free permits that allow them to operate in public streets and sidewalks.
This program can be particularly beneficial to restaurants that are no longer allowed to operate indoors, she added.
To apply, business owners need to fill out a one-page application, show proof of insurance, and get cleared by the
“Now, with this new update to the health order, we will be sharing this information as much as possible,” she said.
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