The City of Ontario’s CDBG-CV Small Business Stabilization Loan to Grant Program will provide funding to small businesses needing financial assistance in overcoming the temporary loss of revenue due to the COVID-19 pandemic. Specifically, the program aims to assist eligible small businesses to retain their workforce in the retention of at least one full-time equivalent (FTE) employee from a low to moderate-income household for at least six months. The FTE employee may consist of multiple employees (i.e. two part-time employees) whose total working hours combined, equate to 40 hours a week. The FTE employee from a “low and moderate-income household” must have a total, combined, household income that does not exceed 120 percent of the County median income, adjusted for family or household size, including income from unemployment benefits that member(s) of the household may receive.
Below are the income limits for moderate income in San Bernardino County.
For your convenience, the following chart lists the current San Bernardino County Income Limits for FY 2020. The income limit terminology that is used in CDBG Reports is shown in parenthesis in column 1-Terms.
Terms |
1 person |
2 persons |
3 persons |
4 persons |
5 persons |
6 persons |
7 persons |
8 persons |
Level 1 – (Extremely Low Income 0- 30% MFI) |
$0-$15,850 |
$0-$18,100 |
$0-$20,350 |
$0- $22,600 |
$0- $24,450 |
$0- $26,250 |
$0- $28,050 |
$0- $29,850 |
Level 2 – (Low Income 30-50% MFI) |
$15,851- $26,400 |
$18,101- $30,150 |
$20,351- $33,900 |
$22,601- $37,650 |
$24,451- $40,700 |
$26,251 $43,700 |
$28,051- $46,700 |
$29,851- $49,700 |
Level 3 – (Moderate Income below 80% MFI) |
$26,401- $42,200 |
$30,051- $48,200 |
$33,901- $54,250 |
$37,651- $60,250 |
$40,701- $65,100 |
$43,701- $69,900 |
$46,701- $74,750 |
$49,701- $79,550 |
Level 4 – (other) |
$42,201 and above |
$48,201 and above |
$54,251 and above |
$60,251 and above |
$65,101 and above |
$69,901 and above |
$74,751 and above |
$79,551 and above |
Median Family Income (MFI): $75,300
Under this program, small businesses with 6 to 500 employees (not including the owner) and that currently employ at least one FTE from a low to moderate income household may be eligible to receive a working capital loan of up to $10,000. See below for additional eligibility requirements.
Application Period
Online applications will be accepted from Monday, July 26, 2021, at 9:00 am to Tuesday, August 24, 2021, at 5:00 pm. Paper applications will not be accepted, but applicants needing assistance can contact the SBDC for telephone support at 1-800-616-7232. Applications received after this due date and time will be considered late and will not be accepted.
All applications will be reviewed on a first come, first-served basis. After the initial 30 day application window is closed, eligible businesses will be invited to complete and submit supporting documentation.
Instructions
Please complete the entirety of the application and ensure all of your information is correct. If required fields are not complete you will receive an error notice which will not allow you to submit the application. For best results, we recommend using the following browsers: Chrome, Safari, Firefox. After submitting your application, you will receive an email confirmation.
Before applying, each applicant must confirm the following statements are true for their business:
Maximum Income Limits per Household
2020 Income Category | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
Low Income (80% AMI) | $42,200 | $48,200 | $54,250 | $60,250 | $65,100 | $69,900 | $74,750 | $79,550 |
Approved businesses will be required to execute a Loan Agreement with the City. The SBS program offers $10,000 as a 0%, one-year forgivable loan to Ontario businesses with documented coronavirus related financial hardship for working capital, i.e., capital that can be used for day-to day operating expenses to respond to the impacts of COVID-19.
Examples of what SBS funds may be used for include:
2020 Income Category | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
Low Income (80% AMI) | $42,200 | $48,200 | $54,250 | $60,250 | $65,100 | $69,900 | $74,750 | $79,550 |
For the first 30 days that applications are open, only businesses who have yet to receive any Pandemic related Federal (PPP, EIDL, SBA Relief Program, CARES Act unemployment benefit) assistance will be eligible. After that time applications will be accepted for businesses who have received $50,000 or less in Federal assistance.
Following the execution of a SBS agreement and disbursement of funds, loan recipients shall provide, on no less than a quarterly basis, the following:
The City of Ontario reserves the right to request documents to confirm program eligibility. The following documentation must be provided to staff for your application to be deemed complete:
**Once documents submitted to staff are verified, in order to receive loan funds, applicants must submit the following completed documents. Failure to submit the Confirmation Documents will result in termination of the Application:
Funded in part through a cooperative agreement with the U.S. Small Business Administration.
Funded in part through a grant with the Governor’s Office of Business and Economic Development.
Mike Daniel is the network director of the Orange County Inland Empire SBDC Network, which assists aspiring entrepreneurs and current business owners throughout Orange, San Bernardino and Riverside counties. Mike was formerly the director of the SBDC office at Long Beach City College. As business owner and entrepreneur himself, he started his career as the owner of a Rocky Mountain Chocolate Factory location in Manhattan Beach and went on to open a second location in Long Beach in 2001. In 2007, Mike sold the Manhattan Beach store for an above-market offer then invested in several additional locations as a minority shareholder. Mike further expanded his candy empire with venture located in Shoreline Village in Long Beach called Sugar Daddies Sweet Shoppe, based on fill-it yourself candy options.
Mike has a bachelor’s degree in Business Administration from California State University, Fullerton.