COVID-19 Business Loan Application

The City of Carlsbad is committed to supporting our businesses in response to the COVID-19 health emergency. The City Council has approved the Economic Recovery and Revitalization Initiative and has dedicated a minimum of $4.4 million to develop a business loan program.

The City Council has approved two loans types. The first are small business microloans of between $5,000 -$10,000 for businesses with $2,000,000 or less in gross revenue or 15 or fewer employees.

The second are small business recovery loans of between $10,000 - $50,000 for businesses with $5,000,000 or less in gross revenue and 50 or fewer employees. Both loans types include scaled interest rates depending on how quickly the loan can be repaid. Neither loan type is forgivable.

Businesses that meet eligibility criteria may now apply for multiple loan products – meaning both the microloan and recovery loan. Businesses that previously applied for a product, may reapply for additional funding.

Some of additional factors that will also be considered including:
- Credit score
- Bankruptcy within the past three years
- COVID-19 impact to the business

All applicants must hold a valid business license with the City of Carlsbad at the time of application. If the license was received within six months of application, businesses must demonstrate that they have legally been operating at a location in Carlsbad for the past six months. All businesses must be in good standing with the city.

Please fill out this form to apply. You will be contacted when the review process for your business begins and when you may receive a decision. There is no appeal if your application is denied however, you will be contacted with a reason for denial or any requests for clarification that may be necessary.

We look forward to helping you through this process. If you have any questions please email business@carlsbadca.gov.