Willits CDBG Business Loan Program
The City of Willits recognizes that the pandemic has been a challenging period for many of our small businesses. For the benefit of impacted businesses, the City of Willits is pleased to introduce a program that provides affordable, flexible, and potentially forgivable financing to eligible small businesses in Willits. Funded by Community Development Block Grant- Coronavirus (CDBG-CV) funds, this program is designed to stimulate economic growth and provide support in the recovery from COVID-19 through job retention.
Administered by the City of Willits in partnership with the Economic Development and Financing Corporation (EDFC) and Community Development Services (CDS), the program offers loans of up to $40,000 for COVID-impacted eligible businesses within Willits City limits. Funds can be used for payroll, inventory, equipment purchases and more. It is important to note that this loan can be forgiven if all program requirements are met.
A total of approximately $455,000 in funds is available to loan to eligible businesses located within the City limits of Willits.
The City will continue accepting applications until Tuesday, April 5th by appointment only. Please contact Amber Ryan at firstname.lastname@example.org or 707-459-7112 to set up a 20 minute appointment. City staff will be completing an initial review of your application to determine that it is both complete and eligible for funding.
For more information regarding the program, including assistance with completing the City Business Loan Application, please contact our program consultants: