SUMMARY: Community Development Block Grant Coronavirus Aid (CDBG-CV) is a federally funded program. CDBG-CV funds may be used to secure economic opportunities for low- and moderate-income persons. CDBG-CV funds are targeted at businesses in the City that have the highest adverse impact as a result of the Coronavirus.
PURPOSE: The Chowchilla CDBG-CV Small Business Loan Program is designed to promote economic stability by providing immediate relief in the form of a one-time forgivable loan for essential operating expenses to Chowchilla small businesses negatively impacted by COVID-19.
The goals of this program are to:
•Help small businesses survive the COVID-19 crisis.
•Retain employment and continue to pay employees.
•Maintain the provision of goods and services for Chowchilla residents.