The City of Crescent City is now offering forgivable loans to qualified businesses with Community Development Block Grant (CDBG) funding. The purpose of this program is to provide flexible financing to businesses throughout the county that can create or retain jobs for low-to-moderate-income individuals.
Loan Amounts
Interest Rates
Loan Amounts
Applicants will receive $35,000 per job created or retained, up to $500,000.
Terms
Interest Rates
Loan Amounts
Loans can be forgiven if monthly financial statements are provided to the Program Operator for a minimum of 3 months and jobs are created or retained.
Interest Rates
Interest Rates
Interest Rates
Interest rates will be 1% based on the cash flow needs of the borrower and risk level if loan forgiveness terms are not met.
Loan Fees
Use of Funds
Interest Rates
None.
Eligibility
Use of Funds
Use of Funds
Existing businesses, business purchases, and business start-ups.
Use of Funds
Use of Funds
Use of Funds
Purchase of equipment, inventory, real property, working capital, debt consolidation, etc.
ROUND ONE UPDATE
11 Businesses Assisted and 22 Jobs Created or Retained!
Round One of the Business Assistance Program is officially closed—and what a response! We received 54 applications (48 in the first 15 minutes!) and awarded 11 forgivable loans, helping create or retain 22 local jobs.
Round One Testimonials
Camtech Computer Services
POISE (Pinnacle of Independent Support Experiences)
Torero's Mexican Restaurant
I want to express my sincere appreciation to the City of Crescent City for pursuing funding opportunities that support local businesses like mine.
As the owner of a small computer repair and tech support business here in Crescent City, being selected for a loan has made a meaningful difference. With this support, I’ve been able to hire an additional employee and expand our hours to serve customers seven days a week. I’ve also invested in new inventory and tools for our technicians, upgraded our shop with a new business sign, and purchased a van to provide on-site repair services throughout the county.
These improvements have allowed us to better serve our community and continue growing. I’m truly grateful for the City’s commitment to helping small businesses succeed.
Torero's Mexican Restaurant
POISE (Pinnacle of Independent Support Experiences)
Torero's Mexican Restaurant
We are incredibly grateful to the City of Crescent City for selecting Torero's Mexican Restaurant as a recipient of the Community Development Block Grant (CDBG) Business Assistance Program.
As a family-owned restaurant serving our community since 1993, this forgivable loan has given us the opportunity to invest back into our business while helping us retain local jobs. Programs like this make a real difference for small businesses by providing the support needed to continue growing, improving, and serving our community.
We appreciate the City's commitment to investing in local businesses and strengthening our local economy. Knowing that this program is helping businesses create and retain jobs throughout our community makes us proud to be a part of it.
Thank you to the City of Crescent City and everyone involved in making this program possible. Your investment in small businesses is an investment in the people and families who make our community special.
POISE (Pinnacle of Independent Support Experiences)
POISE (Pinnacle of Independent Support Experiences)
POISE (Pinnacle of Independent Support Experiences)
The City of Crescent City’s CDBG Business Assistance Loan Program has provided POISE with much more than financial assistance, it has given our locally owned organization the opportunity to turn a long-held vision into meaningful action. Through the City’s investment, POISE has been able to establish the staffing, equipment, training, and infrastructure needed to create local employment and expand person-centered services for adults with developmental disabilities in Del Norte County. This program demonstrates what can happen when a city invests intentionally in small businesses that are committed to meeting real community needs.
For POISE, the support has created a foundation for sustainable growth, new jobs, and greater access to services that promote independence, choice, belonging, and opportunity. The City of Crescent City recognized not only the potential of a new business, but the potential impact that business could have on the lives of local residents and families. We are deeply grateful that the City offers a program capable of helping community-based businesses move beyond an idea and become part of the long-term economic and social strength of Crescent City.
ROUND TWO will launch August 11, 2026!
We will be hosing another Application Workshop n August 10, 2026 from 5:30-6:30 at the Wastewater Treatment Plant (210 Battery Street) to go over the FULL application process before officially launching Round Two on August 11, 2026. We will begin accepting PRE-applications on August 11, 2026 at 8AM either in person at City Hall or online (see button below). The PRE-applications will consist of the most basic information and will simply serve as a way to establish a numbering system for those who will be invited to complete the FULL application. PRE-applications will be accepted until August 17, 2026 at 5PM. Once all PRE-applications have been received, we will randomly assign each applicant with a number. You can expect to receive your number, or place in line, by August 20, 2026. This will determine the order in which we invite applicants to submit a FULL application. We will continue moving down the list until all funds have been expended. We expect to get through the underwriting process and begin funding businesses by March 2027.
As a reminder, if you applied for funds in Round One and were not funded, your PRE-application will automatically be submitted for Round Two. Applicants who received funds in Round One are not eligible to receive funds in Round Two. If you would like to schedule a one-on-one meeting with our Program Operator while he is in town on August 11, 2026, please call 707-458-4814 to schedule a time.
Submit your PRE-application here:
This button will become active on August 11, 2026 at 8AM.
What's involved?
Click the button below to see what will be required if you are selected to submit a full application.
Round One Application Workshop
Meetings and Workshops
08/10/26
Round Two Workshop
5:30pm
-
6:30pm
210 Battery Street, Crescent City
Event Details
08/10/26
Round Two Workshop
In this workshop we will go over the full application process and answer any questions you may have about applying for Round Two. If you are...
5:30pm
-
6:30pm
210 Battery Street, Crescent City
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