City of El Centro

Economic Development Division

Business Loans

CDBG-CV Coronavirus Microenterprise Loan Program

The City of El Centro has established a CDBG-CV Coronavirus Microenterprise Loan Program (MLP) to help businesses impacted by COVID-19 retain employees and sustain continuing operations.  

  • Loans up to $10,000
  • Low interest rates, depending on credit worthiness
  • Loan eligible for forgiveness if program requirements are met

Click here to read more about the CDBG-CV Microenterprise Loan Program Information


Revolving Loan Fund COVID-19 CARES Act Supplemental Disaster Recovery and Resiliency Funding

The City of El Centro has established this program to alleviate sudden and severe economic dislocation caused by the coronavirus (COVID-19) pandemic, to provide permanent resources to support economic resiliency, and to further the long-term economic adjustment objectives of the City of El Centro and Imperial County.

  • Minimum loan: $15,000
  • Maximum Loan: $100,000
  • Interest rates from 1% to 5%, depending on credit worthiness
  • Loan payback is required

Revolving Loan Fund

The Revolving Loan Fund (RLF) is a program to assist commercial and industrial growth by providing gap financing to businesses that create or retain jobs.

  • Minimum Loan: $5,000 – Maximum Loan: $100,000
  • Interest rates from 4% to 10%, depending on credit worthiness
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