Metropolis to Provide Small Enterprise Loans – Outlook Journals

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The Metropolis of Burbank, in partnership with the California Group Financial Improvement Affiliation, has launched the Burbank Small Enterprise Help Program, the appliance interval of which begins on March 22.

Small companies affected by
COVID -19, can apply for small enterprise help loans between $ 10,000 and $ 20,000. Eligible companies embody impartial contractors, contractors, on-demand employees, and companies with lower than 200 workers.
The applying interval will start on March 22 at 8 a.m. and finish on April 5 at 5 p.m. Purposes will solely be accepted on the appliance deadline. The funds shall be used to supply forgivable loans on a primary come, first served foundation till funding is absolutely used up. All functions should be submitted on-line at burbank.cceda.com.
Eligibility circumstances for microenterprise help as much as $ 10,000:


• Should be a resident of Burbank and a enterprise proprietor with fewer than two workers (equivalent to a contractor, laborer or contractor)
• Companies should be financially affected by COVID-19
• The enterprise has unpaid, extended, or about to default working bills, equivalent to hire, utilities, stock, taxes, and many others.
• Present annual family revenue should be equal to or lower than the low revenue stage
Eligibility necessities for small enterprise help as much as $ 20,000
• Should be a small Burbank enterprise proprietor with a minimum of two however lower than 200 workers
• Firm dismissed, fired or diminished hours / shifts for one among its workers
• The enterprise has unpaid, extended, or about to default working bills, equivalent to hire, utilities, stock, taxes, and many others.
• Should create or preserve 51% of full-time equal positions for a low to center revenue worker, or be positioned in an eligible low to modest revenue zone
• Companies with unpaid or late Burbank water and energy utility payments may have the unpaid quantity deducted and paid from the mortgage quantity previous to disbursement.

The town urges companies to join the Metropolis of Burbank’s e-Notify alerts concerning the opening of the appliance interval and program information. To enroll in e-Notify, go to: bit.ly/2O4GrXh.

Pre-existing e-Notify recipients can change their preferences on the identical web page by deciding on “CDBG Small Enterprise Help Program” for alerts. You can also apply for a payday loan here.

For extra mortgage necessities or to study extra about different accessible sources, go to burbank.cceda.com or name CCEDA at (213) 625-0105, or contact the Metropolis of Burbank at (818) 238-5180, Monday to Friday, from 8 a.m. at 17 o’clock

Companies which have already obtained help underneath the Burbank Small Enterprise Help Program could apply for extra funding; nevertheless, the quantity beforehand obtained shall be deducted from any new mortgage software.

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