Small companies in Palm Desert impacted by the present COVID-19 shutdown could start to use for $5,000 interest-free loans from town’s emergency aid fund beginning Thursday.
“This assist isn’t solely for closed companies, however for all companies which were impacted by the state orders,” Mayor Kathleen Kelly stated.
As much as 100 qualifying companies will obtain the loans, authorised on a first-come, first-serve foundation, with purposes processed as they’re acquired to have the ability to get the cash out as rapidly as doable, Financial Growth Director Martin Alvarez stated.
“It’s a quite simple program,” Alvarez stated. “The necessities to qualify could be that you simply comply, and that you simply proceed to conform, with the present stay-at-home orders” put in place by the state on Dec. 6 to assist gradual the unfold of COVID-19.
Among the many companies that might qualify are hair and nail salons, barbershops and different private care companies which were briefly closed, plus gyms and eating places, which may at present supply solely take-out and supply providers.
Purposes can be found on town’s web site, cityofpalmdesert.org, and have to be submitted by Jan. 11 at midday.
Loans come from Unite Palm Desert fund
The Metropolis Council unanimously authorised “repurposing” $500,000 that had been earmarked for a hospitality incentive program beneath “Unite Palm Desert” on Tuesday, throughout a particular assembly.
The cash is a part of $2.5 million from the financial improvement reserve fund the council appropriated earlier this 12 months for the creation of “Unite Palm Desert.” The multi-tiered program was set as much as assist companies and residents by way of interest-free loans and lease and mortgage help throughout the pandemic.
Loans is not going to need to be paid again, except the recipient violates the mortgage settlement, which is able to embody a promissory observe that compliance with state and county rules continues after receiving the funds.
By this system, a complete $989,850 in interest-free loans of $1,500 to $25,000 have up to now been awarded to 156 companies in Palm Desert, officers stated.
It is not sufficient, council says
In approving the mortgage program on Tuesday, council members stated $5,000 isn’t sufficient and requested about making further funds accessible.
For lots of the companies, it’s the second or third time since March the state has ordered that they shut down all collectively or supply restricted providers.
“The restaurant homeowners I’ve talked to, they are saying to be able to simply to interrupt even … they want a couple-thousand {dollars} a day,” Councilmember Gina Nestande stated. “Whereas five-thousand ({dollars}) is healthier than nothing … is there some other pot of cash that we might take into account from our emergency funds or attain out to the state” for cash?
Responding to the council’s issues about getting funds to companies as rapidly as doable, Finance Director Janet Moore stated, “this was the quickest strategy to get that transferring.”
Employees is searching for different methods to assist companies financially, Moore stated, and can convey some choices to the council when it meets once more in January.
There may be cash within the financial improvement reserve fund, she stated. Cash might additionally come from pending gross sales of property owned by town’s former redevelopment company, half of which might be allotted to the financial improvement fund, Moore stated.
“This was simply a right away response, however we are able to preserve trying; we are able to preserve researching,” Moore stated.
Councilmember Sabby Jonathan stated about one-third of the brand new $900 billion federal stimulus package deal authorised by Congress this week, however not but signed by President Donald Trump, is designed to assist small companies as effectively.
Palm Desert Space Chamber of Commerce CEO Pam Scannell applauded town for pulling collectively the most recent spherical of loans.
“Preserving the provision of funding for companies which might be closed, because of the state mandates, helps help them whereas they adjust to the closures,” Scannell stated.
The applying interval opens Dec. 30 for the California Small Business Relief Grant program by way of the grant web site, at careliefgrant.com
The chamber’s small enterprise improvement committee holds day by day informational webinars as effectively, to preserve enterprise homeowners up on the most recent details about the grants, although some particulars are nonetheless being labored out, Scannell stated.
The webinars will be seen by way of the chamber’s web site, pdacc.org.
The Palm Desert chamber has additionally begun an eGift Card program. Reward playing cards, which may solely be used at native taking part retailers, will be bought by way of the chamber’s web site.
“The listing of retailers is rising on a regular basis,” Scannell stated. “The cardboard is distributed to your recipient’s cellphone, nothing to get misplaced within the mail.”
For extra details about town’s Unite Palm Desert emergency enterprise aid mortgage program, and different help for Palm Desert companies, (760) 776-6362 or electronic mail bizsupport@cityofpalmdesert.org.
Metropolis Corridor can be closed from Dec. 24 till Jan. 4, nonetheless, mortgage purposes can be accepted through the e-mail handle, and can be time stamped so as of receipt, officers stated.
Desert Solar reporter Sherry Barkas covers the cities of La Quinta, Indian Wells, Rancho Mirage and Palm Desert. She will be reached at sherry.barkas@thedesertsun.com. Observe her on Twitter @TDSsherryBarkas.
— to www.desertsun.com
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