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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 - $25,000 for businesses with $3,000,000 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.

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 as of March 1, 2020 and 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.

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* 1. Business name

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* 2. Local business address (located in Carlsbad)

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* 3. Business address zip code

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* 4. Business telephone number

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* 5. Loan application contact name (last name, first name)

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* 6. Loan application contact email

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* 7. Loan application contact telephone number

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* 8. Do you have a valid business license from the City of Carlsbad as of March 1, 2020

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* 9. City of Carlsbad business license number (please enter one or more)

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* 10. Annual gross receipts from January 1, 2019 to December 31, 2019

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* 11. Number of employees working at Carlsbad business location(s) as of January 1, 2020

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* 12. Is your business a franchise with more than five locations outside of Carlsbad

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* 13. Are you applying for a small business microloan of $5,000 - $10,000 with the following terms:
Businesses with less than $2,000,000 in gross receipts or less can apply for this loan. The loan is 0% interest if repaid withing six-months, 1% interest if repaid within 12 months, and 2% interest if repaid within 18 months. It can be used to pay mortgage interest, payroll, rent, and utility expenses incurred from March 1, 2020.

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* 14. What amount of loan are you requesting between $5,000 - $10,000

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* 15. Are you applying for a small business recovery loan of $10,000 - $25,000 with the following terms:
Businesses with less than $3,000,000 in gross receipts or less can apply for this loan. The loan is 0% interest if repaid withing six-months, 1% interest if repaid within 12 months, and 2% interest if repaid within 18 months. It can be used to pay mortgage interest, payroll, rent, and utility expenses incurred from March 1, 2020.

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* 16. What amount of loan are you requesting between $10,000 - $25,000

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* 17. At this time we can only award one of two loan types to each business, if approved which loan type is desired:

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* 18. The Paycheck Protection Program (PPP) loan is a federal forgivable loan program intended to help businesses impacted by COVID-19. Which of the following responses applies:

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* 19. What is the amount of the approved PPP loan?

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* 20. The Economic Injury Disaster Loan program (EIDL) loan is a federal low-interest loan program to help businesses impacted by disasters like COVID-19. Which of the following responses apply to your business as it relates to EIDL.

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* 21. What is the amount of the approved EIDL loan?

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* 22. Please upload a current business bank statement from 12/31/19 to the date of your application.
Upload only one file. For multiple documents, please email them to business@carlsbadca.gov

PDF, DOC, DOCX, PNG, JPG, JPEG, GIF file types only.
Choose File

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* 23. Please upload your most recent interim financial statement.
Upload only one file. For multiple documents, please email them to business@carlsbadca.gov

PDF, DOC, DOCX, PNG, JPG, JPEG, GIF file types only.
Choose File

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* 24. Optional if needed: Upload one additional file attachment related to your bank statement or interim financial statement here. For additional documents, please email them to business@carlsbadca.gov

PDF, DOC, DOCX, PNG, JPG, JPEG, GIF file types only.
Choose File

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