(August 5, 2020) Grants and ReStart Loans for Goleta-Based Businesses
Support provided by the City of Goleta, Santa Barbara Better Together Fund, Santa Barbara South Coast Chamber of Commerce and Women’s Economic Ventures
Announcing: ReStart Loan applications open August 6
Reminder: Grant application deadline is August 7
In a collaborative effort to assist Goleta-based businesses and help mitigate the devastating pandemic impacts to our local business community, the City of Goleta has partnered with the Santa Barbara Better Together Fund (SBBT) at the Santa Barbara Foundation, the Santa Barbara South Coast Chamber of Commerce and Women’s Economic Ventures (WEV). Through funding from the City of Goleta, local businesses may receive grants up to $10,000 (administered by the SBBT) and ReStart Loans up to $25,000 (administered by WEV). Learn more about the Grant Program (application deadline is August 7) Grants in English or Grants in Spanish, and the Goleta ReStart Loans (applications open August 6) ReStart Loans in English and Spanish.
City of Goleta Mayor Paula Perotte said, “It’s amazing what we can do when great organizations work together to support our small businesses during this unprecedented time of economic upheaval resulting from the COVID-19 pandemic. The City is proud to partner with Women’s Economic Ventures (WEV) and the Santa Barbara Foundation (SBF) on these much needed financial and technical support programs to assist Goleta small businesses.”
A reminder that applications for the SBBT Small Business Grant Program are available through August 7, 2020 for qualifying Goleta businesses. Grant awards are available to eligible businesses until funds have been depleted. Priority will be given to childcare facilities, to-go food service, service industry and outdoor dining businesses, but is open to all COVID affected businesses. “Providing support to local small businesses will help to combat community deterioration. We believe that this program will benefit the entire community,” said Jackie Carrera, President & CEO of the Santa Barbara Foundation.
The City of Goleta contributed $200,000 to support the small business loan program. Goleta ReStart Loans from WEV will provide capital to Goleta-based businesses who are now open or eligible to open under the most current government orders (subject to change based on updated orders) related to COVID-19. Loan applications can be submitted starting August 6, 2020 and will be reviewed on a rolling basis until loan funds have been depleted.
“Business owners consistently say community support is a key factor in sustaining their resolve through the pandemic,” shared WEV CEO Kathy Odell. “Our ReStart Loans will provide the capital necessary to retain employees, modify business practices and acquire new equipment and/or supplies required for safe re-opening. Additionally, ReStart Loan recipients are eligible to receive business advisory services from WEV.”
Kristen Miller, President & CEO of the Santa Barbara South Coast Chamber of Commerce said, “Women’s Economic Ventures has a long history of providing access to capital to Goleta start-ups and small businesses. The Chamber is proud to be working with WEV to help identify businesses who would benefit from this new level of loan support during this economic crisis.”
“The WEV ReStart Loan program will provide immediate funding on favorable terms and WEV’s highly-regarded financial expertise to our small businesses. The recently launched SBBT Fund Small Business Grant Program for Goleta’s small businesses will help them reopen and adapt,” said Mayor Perotte. “Both of these programs are important components of the City’s economic recovery efforts.”