County Resources (HUM)

  1. General resources:
    1. For the most up-to-date information, see https://www.gohumco.com/260/Business-Owner-Guidance.
  2. Financial resources:
    1. The Business Assistance Loan Program provides low cost loans of up to $300,000 (1FTE/$35,000) to small businesses in Arcata. Businesses who receive these loans must provide documentation of public benefit (creating new jobs) and meeting of a national objective (filling most of the new jobs with persons living in Arcata who are qualified as low-moderate income). See: https://www.cityofarcata.org/188/Economic-Development.
    2. The Microenterprise Loan and Grant Program provides Arcata businesses with five or fewer employees (including owners) low-interest loans up to $50,000 and, in some cases, grants up to $10,000. See: https://www.cityofarcata.org/188/Economic-Development.
    3. The Business Resiliency Emergency Loan Program provides Arcata businesses impacted by COVID-19 with loans of up to $10,000 at 2.5% interest. Payments will be deferred for six months, and the borrower can either convert to a traditional bank loan or the City will hold the loan with a five‑year repayment term. See: https://www.cityofarcata.org/920/Business-Support.

Federal Resources

State Resources

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Apply today to the California Rebuilding Fund

А loan program to support California’s small businesses — especially those located in economically disadvantaged and historically under-banked areas of the state. Businesses who employed 50 or less full-time equivalent employees (FTEs) and had gross revenues of less than $2.5 million or below in 2019 are eligible to apply.

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