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The original item was published from 5/12/2020 4:52:57 PM to 6/30/2020 5:05:00 PM.

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Posted on: May 12, 2020

[ARCHIVED] SBS Loans for Small Businesses

Photo of downtown Healdsburg

We are very pleased to announce that we have approved 76 local businesses for a loan through our $600,000 Small Business Sustainability Loan Program. Healdsburg businesses with five or fewer full-time employees were eligible for up to $5,000 and businesses with 6 to 25 full-time employees were eligible to receive up to $15,000. The final loan amount was up to the City’s discretion. 

All of the businesses have been informed and include hair salons, restaurants/bakeries, antique stores, clothing boutiques, dentists, photography, hotels/B&Bs, pet grooming, an art gallery, and newspaper publishing.  

The full list of the businesses approved for a loan is here:  https://www.ci.healdsburg.ca.us/982/Help-for-Businesses-Impacted-by-Coronavi

Several businesses have recently told us that since they received funds through the federal Paycheck Protection Program, they wanted to give back their SBS loan so other businesses can better use it. 

We are very thankful and appreciative of that, though that was not required. Once we tally how much funding we have left in this program thanks to that giveback, we will try to get those funds to other businesses that applied, but may not have met all qualifications. 

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