City of Fontana, CA

04/23/2024 | News release | Distributed by Public on 04/23/2024 10:58

Fontana Empowerment Loan Fund

On April 2, 2024, Fontana City Council approved a revolving loan fund aimed at supporting the vitality of Fontana's business community. This fund offers businesses an alternative to traditional loans, credit cards, or high-interest debt financing. It provides Fontana-based businesses, as well as those considering relocating to Fontana, with the opportunity to apply for financial support.

The revolving loan fund can be used for various purposes, such as securing new business contracts, expanding product lines, making tenant improvements, obtaining working capital, or refinancing debt. While the funds will not be directly disbursed to the businesses, they will be directed to vendors, empowering businesses to accelerate their growth.