Accept $15,000 grant to support small business loan program

Small Business LoansBudget

$15,000

In Plain English

The San Francisco Foundation offered Richmond $15,000 to help run a federal loan program for local businesses. The city operates a revolving loan fund through the U.S. Department of Commerce that provides low-interest loans to small businesses. If approved, this grant money helps cover administrative costs of the loan program.

Auto-generated summary. Source: official agenda documents.

Votes

Approve consent calendar

Moved by: Councilmember PimpléSeconded by: Councilmember McLaughlin
Passed

7 to 0

Tom ButtAye
Nathaniel BatesAye
Jael MyrickAye
Jovanka BecklesAye
Eduardo MartinezAye
Gayle McLaughlinAye
Vinay PimpléAye