Fresno councilors reveal details of the city’s first disbursement program for pandemic-hit small businesses

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FRESNO, Calif. (KSEE / KGPE) – Fresno City Council President Miguel Arias and Councilor Esmeralda Soria on Friday released details on the results of the city’s first disbursement of the city’s small business support loan program for businesses hit by the COVID-19 pandemic known.

The program, called Save Our Small Businesses, approved applications from 1,068 companies out of a total of 2,634 applications from across Fresno for a total of $ 750,000 across seven boroughs.

Companies with five or fewer employees receive $ 5,000 and companies with five or more employees receive $ 10,000.

The awards are designed to help companies that have lost significant revenue and are at risk of closing their doors permanently, Arias and Soria said in a joint statement.

The program was launched by the council on March 25 with an allocation of $ 750,000 and topped up with an additional $ 1.5 million on Friday.

Figures from Arias and Soria show the program affected a total of 7,224 jobs in Fresno.

The council members provided details of which companies received the loans in their respective districts.

In District 1, represented by Soria, which includes parts of the Tower District and central Fresno, 17 companies made loans from a total of 110 qualified applicants.

The majority of the companies, 13, received $ 5,000 in loans while four received a $ 10,000 loan.

Most of the money, 57.14%, went to micro-businesses with zero to five employees and impacted 58 jobs in the district.

District 1 loan recipients include Hi-Top Coffee and Perfect Blend Fine Cigars.

District 1 Business Prize Winner

$ 10,000 Loan Recipient:

  • Hi-top coffee
  • Paul L. Michaelides DDS MCSD, Inc.
  • City Wide Market LLC
  • Revolver hair salon

$ 5,000 Loan Recipient:

  • Eddie Jeans
  • Georgina E. Castle
  • John W. Cadwalader Attorney at Law
  • Perfect Blend Fine Cigars
  • Pink Palace Cosmetic Supply & Salon
  • Sheer bliss
  • Solorio Taylor translator
  • Trin Spa Skin & Wellness
  • A1 Noble plumbing
  • California Indoor Comfort Inc.
  • Eat It Up catering service
  • The Uppercut Barbershop
  • Vernissage: Fresnos Art Rendezvous

District 3, represented by Arias and comprising portions of the Tower District and downtown Fresno, made loans to 15 companies out of 166 qualified applicants.

The majority of the companies, nine, received loans of $ 5,000 while six companies received loans of $ 10,000.

Nearly half of the money, 42.86%, went to micro-businesses with zero to five employees and affected 67 jobs in the district.

Firms that received loans included Indian Oven Restaurant & Bar and Lanna Coffee Co.

District 3 business award winners

$ 10,000 Loan Recipient:

  • India’s oven restaurant & bar
  • Henry’s catering
  • Lanna Coffee Co.
  • Murray’s asphalt
  • Next level hairdressing studio
  • Concept transporter

$ 5,000 Loan Recipient:

  • Bullerz pet supplies
  • El Cochinito Contento
  • Fashion cut
  • Ofelia’s hair salon
  • Tower 59 hair salon
  • Ro Cares in Home Childcare, LLC
  • Serita A. Rios, lawyer
  • La Jacka Mobile
  • Irma’s beauty salon

Council members also provided information about the impact of the loans in other city council districts.

In District 2, represented by Mike Karbassi and northwest Fresno, a total of $ 110,000 in loans were made to 18 companies out of 235 qualified applicants.

Much of the money, 63.64% or $ 70,000, went to companies with zero to five employees and impacted 56 jobs.

Located in District 4, represented by Paul Caprioglio and includes Fresno State and the Fresno Yosemite Intl. Airport areas, $ 110,000 in loans to 19 companies out of 194 qualified applicants.

Much of the money, 72.73% or $ 80,000, went to companies with five or fewer employees and impacted 66 jobs.

District 5, represented by Luis Chavez and covering southeast Fresno, made loans of US $ 105,000 to 16 qualified companies out of 52 qualified applicants.

Almost a majority of the money, 52.38% or $ 55,000, went to companies with fewer than five employees and impacted 69 jobs.

In District 6, represented by Garry Bredefeld and northeast Fresno, a total of $ 110,000 in loans were made to 14 companies out of 200 qualified applicants.

A small percentage, 27.27% or $ 30,000, went to companies with five or fewer employees and affected 96 jobs.

District 7, represented by Nelson Esparza, encompasses central east Fresno and parts of downtown, and has loans of $ 105,000 to 17 companies out of 111 qualified applicants.

Much of the cash, 61.90% or $ 65,000, went to companies with fewer than five employees and impacted 73 jobs.

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