EL CENTRO — The initial selection of 50 small businesses approved as candidates to receive the county’s new COVID-19 relief loans has been completed and have been referred to a local lending institution for review.

A total of 86 small businesses applied to the Imperial County Business Stabilization Lending Program, which the Board of Supervisors approved on May 12.  The program established $500,000 from the county’s public benefit funds to be used to provide low-interested loans up to $10,000 to small businesses impacted by COVID-19. The loans are potentially forgivable in cases where companies can demonstrate the funding was used to maintain or recall its previous workforce.

Staff Writer Michael Maresh can be reached at mmaresh@ivpressonline.com.

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(1) comment

Victor Zazueta

So who are the 50 local companies approved for these loans, and where can a member of the public find a list of these companies? Hey shouldn't have included a link to this list? Come do your job.

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