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Cares Act Funding Now Available for Local Businesses

– Courtesy photo by Nick Youngson / Alpha Stock Images CC BY-SA 3.0

Business resources page available on city website

As small businesses across the country are grappling with the current and potential impacts associated with COVID-19, the City of Arcadia is continuing to track the latest developments from local, state, and federal agencies. Of critical importance, the CARES Act, which contains $376 billion in relief for American workers and small businesses, is now accepting funding requests from small businesses impacted by the COVID-19 outbreak.

In addition to traditional SBA funding programs, the CARES Act establishes several new programs that provide small businesses with forgivable short-term loans, tax and debt relief, and other funding sources to help businesses stay solvent and keep workers employed. Importantly, funding for many of these programs is first-come, first-serve and all Arcadia businesses impacted by COVID-19 are encouraged to review and apply for this funding.

Visit the city’s business resources page at ArcadiaCA.gov/LocalBusiness for more information and links to these important programs. This page is updated frequently as new information and resources become available. If you have questions, call (626) 574-5415 and the city will connect you with the best available resources for your specific needs.

April 3, 2020

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