In order to help businesses overcome the effects of the pandemic and thrive, the City of Tacoma will deploy $1.1 million received from the Economic Development Administration as low-interest business loans. The City of Tacoma will be awarding 5-year loans up to $25,000 that require no payments (no principal nor interest) for the first 12 months.
Resurgence Business Loan Timeline
January 27, 2021: Loan application opens
February 21, 2021: Loan application closes
March 12, 2021: All applicants are notified regarding a decision on their loan application
Information Session on January 27th:
The Community and Economic Development Department would like to invite you to an information session about the City of Tacoma’s Resurgence Business Loan to be launched on January 27th, 2021. This low-interest loan will allow Tacoma businesses to borrow up to $25,000 and defer payments until 2022. During this information session, we will go over requirements, the loan process, and hope to answer any questions you may have. This will take place on Wednesday, January 13th, 2021 from 1:00 PM to 2:00 PM via Zoom.
Join Zoom Meeting on January 13th at 1 PM: https://us02web.zoom.us/j/84723129323?pwd=cERsYnczRnZ4ZFZLRDdIbjRwVzB4dz09