Truckee Forgivable Loan Program FAQ
Sierra Business Council on behalf of the Town of Truckee is introducing a program that provides affordable, flexible, and potentially forgivable financing to eligible small businesses in Truckee. Funded by Community Development Block Grant- Coronavirus funds, these programs are designed to stimulate economic growth and provide support in the recovery from COVID-19 through job retention.
The program offers two types of loans of up to $30,000 for COVID-impacted eligible businesses within Truckee town limits. Both loans offer forgiveness if all program requirements are met and the funds are spent within three months of disbursement.
This is an hour long FAQ Webinar with plenty of time for questions. Sierra SBDC advisors will cover the basics of both loan programs, including:
- Eligibility Requirements
- Loan Terms
- Requirements for Forgiveness
- Eligible Use of Funds
- Income Limits
Registration required, zoom link will be emailed to you.
To learn more about the loan program, visit: https://www.sierrasbdc.com/2021/10/05/truckee-forgivable-loans/
Monday, November 8th
10AM – 11AM
Advanced Registration Required
The Sierra SBDC provides free one-on-one confidential business advising to small businesses and entrepreneurs to help drive economic development in the rural Northeastern counties of California. We provide advising in topics related to accessing capital, starting your business, marketing, cash flow, and much more.