--> City of El Centro

Community Services Department
Economic Development Division

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CDBG-CV Coronavirus Microenterprise Loan Program

The City of El Centro has established a CDBG-CV Coronavirus Microenterprise Loan Program (MLP) to help businesses impacted by COVID-19 retain employees and sustain continuing operations.  

                 * Loans up to $10,000

               * Low interest rates, depending on credit worthiness

               * Loan eligible for forgiveness if program requirements are met

CDBG-CV Microenterprise Loan Program Information


Revolving Loan Fund COVID-19 CARES Act Supplemental Disaster Recovery and Resiliency Funding

The City of El Centro has established this program to alleviate sudden and severe economic dislocation caused by the coronavirus (COVID-19) pandemic, to provide permanent resources to support economic resiliency, and to further the long-term economic adjustment objectives of the City of El Centro and Imperial County.

            * Minimum loan: $15,000     Maximum Loan: $100,000

            * Interest rates from 1% to 5%, depending on credit worthiness

            * Loan payback is required

COVID-19 CARES Act Loan Application

Revolving Loan Fund COVID-19 Amended Guidelines

 


Revolving Loan Fund

The Revolving Loan Fund (RLF) is a program to assist commercial and industrial growth by providing gap financing to businesses that create or retain jobs.

            * Minimum Loan: $5,000     Maximum Loan: $100,000

            * Interest rates from 4% to 10%, depending on credit worthiness

RLF Loan Application and Guidelines