County Resources (MEN)

  1. General resources:
    1. For the most up-to-date information, see: https://www.mendocinocounty.org/business/business-resource-for-covid-19.
  2. Financial resources:
    1. The Mendocino Economic Development Finance Corporation (EDFC) offers low-cost loans to businesses in Mendocino and Lake Counties. For more information on these resources, see https://www.edfc.org/loan-programs/.
      1. EDFC is offering a Disaster Assistance Loan Program to businesses in Mendocino and Lake Counties. The maximum loan amount is $50,000, with an interest rate as low as 3% APR. The application fee is $150, and businesses are able to pay $50 to see if they pre-qualify for this loan program. For additional information, call (707) 376-8733.
      2. EDFC is also offering small business loans ranging from $5,000 to $250,000with fixed interest rates starting at 6% APR. Terms typically range from 3-15 years. For additional information, call (707) 234-5705.
    2. The WBDC offers assistance with applying for Economic Injury Disaster Loans (EIDL) offered by the Small Business Administration (SBA). The EIDL has a fixed APR of 3.75% for businesses, with no pre-payment penalty or fees. The SBA is also offering a Supplemental Targeted Advance of up to $5,000 for eligible businesses. For those interested in learning about the EIDL loan or EIDL advance, visit https://www.westcenter.org/covid-19-business-resources or call at (707) 964-7571.

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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