In response to businesses facing decreased revenues and possible closures following coronavirus restrictions, the City of Manhattan Beach has created a $250,000 fund to assist local small businesses by offering loans up to $10,000. The loan program will begin accepting applications on January 27, 2021, on a first-come, first-served basis until all funds are exhausted.
To be eligible for the loan, the business must:
Be considered a “Local Small Business” as a “business” (defined in Section 6.01.010 of the Municipal Code);
Hold a current City business license,
Has yearly gross revenue of $3.0 million or less; and
Maintain a “brick and mortar” location physically located within the City of Manhattan Beach. Businesses that are considered “home occupations” are not eligible for this loan.
For more information, please visit the COVID-19 Business Loan webpage. For additional information or questions regarding the City’s loan program, interested businesses may reach out by email.