The Pleasanton City Council recently approved an update to the City’s Business Support Fund program which provides zero-interest, short term loans to independently or locally-owned Pleasanton businesses that have been adversely affected due to COVID-19. Businesses are eligible for loan amounts as follows:
- $10,000 loan amount ($10,800 in downtown) for micro-enterprise businesses employing 2-10 employees
- $20,000 loan amount ($21,600 in downtown) for businesses employing 11-25 employees
Loan are allowed a maximum amortization of 36 months with repayment commencing on the first day of the month after the COVID-19 local emergency declaration is lifted. Eligible businesses must have a physical location in Pleasanton, be in good standing with the City and have paid a City of Pleasanton 2020 business license tax by March 1, 2020.
Businesses that have previously been approved may request to borrow the higher amounts based on employee count provided in the initial application. Please contact the Economic Development Department at email@example.com to request the increased loan amount. New applicants can apply HERE.
For more information on program eligibility requirements and to apply for the Pleasanton Business Support Fund, click HERE.