COVID-19 Related Small Business Emergency Relief Loan Program


APPLICATION LINK - Opens 5 p.m. on October 21, 2020 and CLOSED November 4, 2020

About the Program

The City of Fountain Valley has created the Small Business Emergency Relief (SBER) Loan Program, which will provide funding to small businesses needing financial assistance in overcoming the temporary loss of revenue due to the COVID-19 pandemic.  The program is based on the availability of funds, program guidelines and submission of all required information and supporting documentation.  Small businesses with less than 25 full-time employees or equivalent may be eligible to receive a working capital loan of up to $20,000.  The loan may be used for working capital to cover the day-to-day business operating expenses, or other similar expenses that occur in the ordinary course of operations.  Small business loans will be set at two percent for three years, with no prepayment penalty. Payment for the first three months will be deferred and the first payment will be due on the first day of the fourth month.

Funding Availability

The City of Fountain Valley will utilize General Fund dollars in the amount of $500,000 to lend to small business owners within the City.  Allocation of $400,000 will be set aside for businesses with a minimum of $75,000 to $100,000 in gross revenue in 2019 and another $100,000 will be set aside for businesses with less than $75,000 in gross revenue in 2019. Any funds that are not expended for revenue less than $75,000 in gross revenue in 2019 will roll into the main fund. As a disbursing agent for these funds, the City’s Administration Department shall be responsible for providing the administrative services for the Small Business Emergency Relief Loan Program activities. As such, the City’s Program Partner, the Orange County/Inland Empire Small Business Development Center (“SBDC”), shall be responsible for program marketing, application processing, underwriting and packaging all loan applications for submission to the City’s Loan Review Committee for review and approval.  The City is obligated to fulfill the terms and conditions of the funds as established by the City Council, these program guidelines, and Federal, State, and local rules and regulations.


To be eligible to apply for the SBER Loan Program, a business must meet certain criteria that has been established by the City of Fountain Valley.  There are three steps to qualifying, which include the business must be affected by COVID-19, the business must meet small business eligibility standards (as created by the City of Fountain Valley), and the business owner must prove the ability to repay the loan.

Business must have been affected by COVID-19.

The business applicant must prove that their business has been affected by COVID-19 in one of the following ways: 

  • Sales from the business are down more than 25% compared with the previous year (i.e. March and April 2019 vs. March and April 2020) or if the business do not have previous year comparisons the business can provide the previous three months (prior to March 1, 2020).
  • The business has had to lay off at least one of its employees (full or part-time). OR
  • One or more of the employees in the business have contracted COVID-19, while at work.


General Terms and Conditions

The business applicant must meet the following minimum requirements to be considered for loan funding:
  • The business must be physically located in Fountain Valley;
  • The business must be a for profit business;
  • The business must have an active Fountain Valley business license for a minimum of six (6) months prior to March 1, 2020;
  • The business must have 25 or fewer employees, including the owner;
  • The business must have a minimum gross revenue of $75,000-$100,000 in 2019;
  • The business with less than $75,000 in gross revenue in 2019 will be considered on a case by case basis;
  • The business must submit the application and all required supporting documentation;
  • The business did not receive funding from the City’s COVID-19 Emergency Small Business Employee Retention Grant, Small Business Emergency Relief Grant Program, District 1 Grant Program; and
  • The business must be in good standing with a FICO score of 650



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Application Information

Open on Wednesday, October 21st at 5 p.m. to Wednesday, November 4th at 5 p.m.

Link to Application:

Contact Us:   

For more information, please contact Maggie Le at (714) 593-4412 or via email

City of Fountain Valley
COVID-19 Related Small Business Emergency Relief Loan Program Informational Webinar

City of Fountain Valley SBER Loan Program from City of Fountain Valley on Vimeo.