News Flash Home
The original item was published from 4/16/2020 6:25:00 PM to 5/1/2020 12:00:02 AM.

News Flash

Top Stories

Posted on: April 15, 2020

[ARCHIVED] Council Approves Emergency Loan Program for Poway Businesses

Council Chambers building

The Poway City Council approved an emergency loan program for small businesses affected by the COVID-19 pandemic at a special meeting on Thursday, April 16. The Poway Emergency Assistance Recovery Loan (PEARL) program was proposed by Mayor Steve Vaus at the April 7 council meeting to offer financial assistance to small businesses located in Poway by complementing existing state and federal loan programs and to provide a financial bridge to survive the current emergency.

The proposed program commits up to $2 million from the city’s general fund extreme events/public safety reserves to provide loans ranging from $5,000 to $50,000. Businesses must be independently owned and operated in the City of Poway, with no more than 50 full-time employees at the time the city declared an emergency on March 18. Loan funds could be used to cover payroll, lease or mortgage payments, utilities and accounts payable. 

The city anticipates opening the application process on Thursday, April 23.

Learn more about PEARL...
Facebook Twitter Email

Other News in Top Stories

Spotlight on Building Services

Spotlight: Building Services

Posted on: March 15, 2023
artwork depicting a ship in the water

Call for Artists: Exhibit at PCPA

Posted on: March 24, 2023
keep the wild in the wildlife graphic

Keep the "Wild" in Wildlife

Posted on: March 14, 2023
Spring Cleaning graphic for news article

Spring Cleaning Checklist

Posted on: March 20, 2023
Tracy Beach City engineer

Poway Announces New City Engineer

Posted on: February 14, 2023
Love Water Save Water Poster Contest

Fourth Grade Poster Contest

Posted on: February 14, 2023
water exercise class at poway swim center

Poway Spotlight: Swim Center

Posted on: February 9, 2023
umbrella in the rain

Ahead of the Storms: Poway Flood Safety

Posted on: October 7, 2022