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Posted on: September 3, 2020

Apply Now - Emergency Micro Loan Program for Small Businesses

Small businesses in the City of Seaside (MCBC member) affected by the COVID-19 pandemic can now apply for loans from $2,500 to $5,000 through the city’s new revolving business microloan program. 

The program provides loans of either $2,500 or $5,000 with no interest accruing, or payments being required until 90 days after the end of the COVID-19 Statewide Emergency Order. 

Businesses would all be connected to technical assistance from the CSU Monterey Bay (MCBC member) program as well as be other grant funding opportunities through the Community Foundation and Monterey Peninsula Chamber of Commerce program.

The application takes only 5 minutes. Apply online today!

Click her to submit your online application:

Micro Loan for Small Businesses


I live in Seaside but my Business is in another city, do I still qualify for a business loan?

No. Your business must be located and operated in Seaside CA. 

What is the deadline to apply?

You must submit a complete application by September 25th. 2020

Can I pick up an application at City Hall?

No. You must complete the online application. 

I submitted an application, does that mean I automatically qualified for the loan?

No. Applications will be reviewed on a first come, first served basis. Applications will not be accepted once the allocated funding is exhausted. 

How much money can be borrowed?

Businesses can borrow $2,500 or $5,000 and must be repaid in 3 payments starting 90 days after the statewide COVID-19 emergency order is lifted. 

What happens if I don’t pay the money back?

The City of Seaside will take action to collect payment. 

How will the credit check be done?

Applicants will receive an email request from the Experian Credit Bureau for a credit check.  Applicant will pay the cost of the credit check and authorize the City of Seaside to receive a copy of their credit report.

I went online to create an account. Why didn’t I see an email confirmation?

Remember to check your SPAM folder for email confirmation. You will receive an email from City Data Reports. 

I was approved for a loan. How soon will I get the money?

Checks will be issued and mailed out within 8 business days of approval. 

Who do I contact for question or more information? 

You can contact Community Development Director Gloria Stearns at

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