Addressing COVID-19 impacts, both programs offer no-interest loans if repaid by Dec. 2023, or at 3% interest if not
The city of Marina is providing more relief for a longer time as it shores up two programs to help its business community and residents impacted by the COVID-19 pandemic.
- According to Marina City Manager Layne Long, the Small Business Loan Program is targeted to meet the needs of many small Marina businesses whose operations have been either closed or severely limited by the health orders from the state, the county and now the most recent stay-at-home order that went into effect Dec. 13.
- The relief is a lifeline to many small businesses that can use the no-interest loan up to Dec. 31, 2023 to bridge the gap of revenue needed while tapping into federal and state grant funds or to sustain business operations until the COVID-19 impacts begin to subside and businesses are able to operate again under more normal circumstances
- For more information and to apply for the loans, visit the city of Marina website at www.cityofmarina.org/973/City-Loans-for-COVID-Impacts.