Goleta ReStart Loans are still available to help businesses within Goleta city limits reopen and adapt to operating under proper public health guidelines due to COVID-19. The City of Goleta collaborated with Women’s Economic Ventures (WEV) to provide a program specifically for Goleta-based small businesses.
The loan program provides loans up to $25,000 with a 4.50% fixed interest rate with up to a 60 month repayment term with interest only payments for the first six payment cycle in order to provide for more time to re-establish cash flow and capacity to rebuild/reopen the business. The City of Goleta contributed $200,000 in order to support the small business loan program for Goleta small businesses. This is a critical step in the City’s economic relief and recovery efforts.
City of Goleta Mayor Paula Perotte said, “The WEV ReStart Loan program will provide immediate funding on favorable terms and WEV’s highly-regarded financial expertise to our small businesses.”
“Business owners consistently say community support is a key factor in sustaining their resolve through the pandemic,” shared WEV CEO Kathy Odell. “Our ReStart Loans will provide the capital necessary to retain employees, modify business practices and acquire new equipment and/or supplies required for safe re-opening. Additionally, ReStart Loan recipients are eligible to receive business advisory services from WEV.”
Learn more and apply today at www.wevonline.org/loans-2/restart.