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COVID Recovery Business Loan Program Application

Steps

  1. 1. Step One
  2. 2. Business Information
  3. 3. Contact Information
  4. 4. COVID-19 Preparedness Plan Project Information
  5. 5. Supplemental Application Materials
  6. 6. Acknowledgement and Signature
  • Step One

    1. Loan Details and Requirements

      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.

    2. 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