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Small Business Emergency Economic Relief Loan Program 

The City of Sacramento has selected 101 local businesses to receive zero-interest loans from its $1 million COVID-19 economic relief fund. Those 101 businesses provide over 700 jobs in the City. View the list of loan recipients. 

This COVID-19 economic relief fund was established as part of the City’s efforts to mitigate the financial effects of the disease on our community. The City also established a temporary ban on evictions for residential and commercial tenants, waived delinquent utility penalties and set up an essential worker childcare program for first responders, health care workers and essential City staff.

The City received 1,402 completed applications with an additional 2,545 draft applications. The businesses were selected by City staff on a first-come, first-served basis to qualified applicants upon submission of all required information and supporting documents. Micro businesses with five or fewer employees received $5,000. For businesses with six employees or more, the loan amount is determined by the number of full-time equivalent employees with a maximum loan amount of $25,000.

The City is working with Five Star Bank to disperse the loans starting next week. The funds may be used to cover the day-to-day operating expenses of the business such as payroll.

The selected businesses are geographically located all over the City of Sacramento and include newly opened and long-standing restaurants, retail business with store fronts, day care providers and non-profits. The 101 businesses include 49 micro businesses and 52 businesses. Of those numbers, 12 are childcare and six non-profits. It includes businesses from all the city council districts.

View eligibility requirements for the businesses.

Find additional COVID-19 resources for businesses and employees.