BUSINESS ASSISTANCE PROGRAM

The City of Perris is committed to assisting our small businesses during these challenging and unprecedented times. As such, the City has created a local Small Business Assistance Program, which offers up to $10,000 loans to qualifying businesses. Please review the Program Information below and contact the City of Perris Economic Development Division with any questions.

Click HERE to Download Program Application

WHERE DO I APPLY?

• Program Information and Applications are available online at the City of Perris website and on hard copy at the Development Services Department at 135 North D Street. You may also reach out to the Economic Development Division to receive them directly by email
• Completed applications and supporting documentation must be submitted to the Economic Development Division. Applicants may submit in person at the Development Services Department or by email to Michele Ogawa or Armando Panchi at the addresses listed above
• If returning a paper application directly to the Development Services Building, please be sure to refer to the instructions on the next page
• Applicants may also reach out to set up an appointment with the Economic Development Division
• Loans will be issued on a first-come, first-served basis until the funding cap is reached

WHO CAN APPLY?

• Businesses with 500 employees or less located in the City of Perris City limits
• Businesses with an active City Business License for a minimum of one year prior to applying Businesses that have been affected by COVID-19
• NEW – Businesses that have been awarded SBA (CARES) Act Funds
• NEW – Businesses that have received City of Perris – Round one Business Assistance Funding

WHAT ARE THE LOAN TERMS?

• Loans will be issued at an approved amount up to $10,000
• Loans will be 100% forgivable, provided the business remains in good standing with the City of Perris for at least two years following the disbursement of funds. 50%, to be forgiven one year following loan issuance, and the remaining 50%, to be forgiven two years following loan issuance
• Should the business exit the City of Perris during the two years, the loan repayment will be due to the City at a 1% fixed interest rate, with a two-year repayment term

WHAT IS THE REQUIRED DOCUMENTATION?

• Small Business Assistance Program Application filled out in full
• City of Perris Business License that has been active for at least one year
• Copy of Articles of Incorporation, or other State or County entity filing paperwork
• Bank Statements for the months of January, February, March, and September, October and November showing the business has been negatively affected by COVID-19
• Copy of your California Identification Card or Driver License

* Please note that priority will be given to applicants who have not received prior funding awards