To ease the impact of COVID-19 on Pleasanton businesses, the City of Pleasanton has established a $3 million Business Support Fund. The objective of the fund is to offer financial assistance to micro-enterprises, restaurants and retail businesses within Pleasanton to work in cooperation with state and federal assistance programs.
The program provides zero-interest, unsecured, short-term loans of up to $2,500 ($2,900 in Downtown) to eligible independently or locally owned micro-enterprises, restaurants and retail businesses. Funds may be used to cover payroll, rent, mortgage or working capital for the business to cover operational expenses. Loans will be allowed a maximum amortization of 24 months with repayment commencing on the first day of the month after the COVID-19 local emergency declaration is lifted.
Financial assistance will be awarded to eligible, qualified small businesses based on the availability of funds, program guidelines, and the submission of all required information and supporting documentation.