Small Business Resiliency and Small Landlord Relief Programs

Small Business Resiliency and Small Landlord Loan Programs

UPDATE: Due to demand, the City is no longer accepting applications for the Small Business Resiliency Program. Please contact the City of Mountain View Small Business Assistance if you have any questions. (May 8, 2020)

The City is still accepting applications for the Small Landlord Relief Program. Please email Patricia Black for assistance. (May18, 2020)

The success of small businesses is important to the economy and contributes to the vitality of the Mountain View community. Small businesses create jobs, foster innovation and provide revenue to fund city services, entrepreneurial opportunities for people including women and minorities, and essential goods and services.

The County of Santa Clara order to shelter in place greatly reduced the ability to maintain regular operations, thus impacting their revenue and employees. Businesses have had to close or have stayed open with reduced staff and customer access. To support small businesses, the City of Mountain View in partnership with Los Altos Community Foundation and Main Street Launch is announcing the Small Business Resiliency and Small Landlord Relief Programs.

The Small Business Resiliency Program supports Mountain View small businesses impacted by COVID-19. Eligible small businesses within Mountain View city limits can apply for a loan of up to $10,000, with 0% interest, no fees, no collateral, and a term of up to three years.

The Small Landlord Relief Program supports small landlords in Mountain View that have tenants financially impacted by COVID-19. Eligible small landlords within Mountain View city limits can apply for a loan of up to $10,000, with 0% interest, no fees, no collateral, and a term of up to one year.

How to Apply

The City is no longer accepting applications for the Small Business Resiliency Program.

The City is still accepting applications for the Small Landlord Relief Program. Please email Patricia Black to apply for the program.

Timeline for the Small Business Resiliency Program

  • April 29, 2020: Main Street Launch (MSL) will begin accepting inquiry forms at noon
  • May 1, 2020: Inquiry Period closes at 5 PM
  • May 8, 2020: After reviewing inquiries for eligibility, MSL will send loan applications to approved inquirers on a first come, first served basis until funding is projected to be exhausted
  • Loans will be disbursed as applications are completed and approved

For questions, please send an email to City of Mountain View Small Business Assistance

Funding Source

The Small Business Resiliency Program is funded through a partnership between the City of Mountain View and the Los Altos Community Foundation through donations from Google ($500,000), LinkedIn ($100,000), and money from the #TogetherMV donations. The funds from #TogetherMV is administered by the Los Altos Community Foundation.

The Small Landlord Relief Program is funded through the City of Mountain View ($100,000).

Eligible Loan Uses Include:

  • Equipment/inventory
  • Mortgage payments, insurance premiums, property tax, etc.
  • Working capital (including rent, utilities, payroll, supplies, etc.)

 

Eligibility Requirements

Small Business Resiliency Program

Small Landlord Relief Program

  • Operate out of a physical commercial storefront (open to the public) within the city limits of Mountain View, California
    • If the business is a chain, all eligibility requirements must be met by the Mountain View location and the funds may only be used for the Mountain View location.
    • If the principal business owner owns multiple Mountain View businesses, only apply to receive funds for one business.
  • For-profit business in good standing (no compliance orders, outstanding code violations, etc.)
  • Must have at least one and no more than 25 employees
  • Have an active City of Mountain View business license prior to March 17, 2020
  • Have operated in Mountain View prior to January 1, 2020
  • Have at least 6-months remaining on lease if the business is location dependent
  • Have a business bank account
  • Exhibit a financial burden - Examples:
    • Complete or partial closure since March 17, 2020
    • Increased cost related to COVID-19
    • 25% or more reduction in revenue since March 17, 2020
  • Be applying for Mountain View rental properties
  • Own no more than nine (9) rental units in total, including across multiple properties and/or in multiple jurisdictions (if applicable)
  • Must demonstrate a minimum of 25% loss of gross rental income due to tenants being unable to pay rent due to COVID-19
    • Loss of income must have occurred as of March 17, 2020 (when City adopted the Emergency Declaration)
  • Have a mortgage for the property. Landlords with properties owned free and clear do not qualify for this program
  • Be in good standing with the City, such as:
    • No code violations
    • No liens on the property
    • In compliance with the CSFRA
    • Current business license for five or more units
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