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The COVID Recovery Business Loan (CRBL) program offers up to $10,000 in zero-interest loans with repayment deferred for three years. The program is for eligible businesses to help offset the cost of expenditures related to the impacts of COVID-19.
Loan applicants must provide paid invoices or receipts for approval prior to disbursement of funds.
Applicants must also provide a copy of their COVID-19 Preparedness Plan and a payroll report demonstrating that their FTE as of March 17, 2020 meets the loan requirements (75 or fewer). For an example of a payroll report, visit https://www.ci.oakdale.mn.us/DocumentCenter/View/4652/Payroll-Report-Template
Please provide a list of each eligible expense that you are claiming, with the cost of each item. Operating expenses are eligible except for payroll and property taxes.
Upload a list of eligible expenses with associated costs, or list each item separately in the fields below.
Please upload a payroll report demonstrating total number of employees was 75 or fewer on March 17, 2020.
Download a payroll report template
Attach a copy of your COVID-19 Preparedness Plan
By checking the "I agree" box below, you agree and acknowledge that you have read the COVID Recovery Business Loan Program requirements. Prior to disbursement of loan funds, applicant will be required to submit copies of paid invoices of eligible expenses, copy of COVID-19 Preparedness Plan, and a payroll report demonstrating total number of employees was 75 or fewer on March 17, 2020.
By checking the "I agree" box below, you agree and acknowledge that 1) your application will not be signed in the sense of a traditional paper document, 2) by signing in this alternate manner, you authorize your electronic signature to be valid and binding upon you to the same force and effect as a handwritten signature, and 3) you may still be required to provide a traditional signature at a later date.
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