The Metropolis of La Quinta is giving out curiosity free loans to assist small companies hit onerous by the coronavirus pandemic.

The Small Enterprise Emergency Financial Aid Program has 1.5 million {dollars} to lend to small companies.

Margo Schwab, Proprietor of Infinity Hair Design, is worked up to decide up her $5,000 test at La Quinta’s Metropolis Corridor on Saturday morning.

Schwab like 1000’s of enterprise house owners have been shut down since March 20th as a result of coronavirus pandemic.

“Having this test in my hand simply permits me to maneuver ahead with my coronary heart and soul and the whole lot in my ardour and what I’ve dreamed of since 1978,” mentioned Schwab.

Schwab mentioned it has been a irritating ordeal for her to obtain support.

“I simply thank God as a result of it is so necessary to assist ourselves and to assist the those that depend on us,” mentioned Schwab.

Schwab is considered one of 36 small enterprise house owners, who was awarded funds via town’s financial emergency reduction program.

And Schwab was not the one enterprise proprietor to money in at metropolis corridor, Cathy O’ Connell and Dorry Winham additionally thrilled to be receiving a $5,000 as they continue to be closed.

“This test means means we may help pay some payments, pay a small quantity of payroll and hold issues going,” mentioned O’Connell.

La Quinta based mostly enterprise house owners are taking dwelling a test ranging between $5,000 to $20,000. However metropolis council has determined to re-open the applying course of beginning on Monday eight a.m.  and shutting it on Friday Might 15th at 5 p.m.

“We realized that there’s different companies moreover the shop fronts, your useful man, your caterers, the pest management companies on the market that work from their dwelling and dwell in La Quinta which can be additionally struggling,” mentioned Villalpando.

Gilbert Villalpando, Assistant to La Quinta’s Metropolis Supervisor mentioned the eligibility for this second spherical of funding permits companies with over 25 workers to use.

This system is funded via town’s financial catastrophe emergency reserve, which was created in 2018.

Companies which have certified for the zero % curiosity loans can have as much as two years to pay again the funds beginning April 2021

There’s nonetheless hope for a attainable third spherical of assist.

“There’s nonetheless some cushion that why council went with the massive quantity of the 1.5 [million],” mentioned Villalpando.

For extra info on La Quinta’s Emergency Financial Aid Fund. Click Here.