Item 11 - Visual slideshow presented by Staff at MeetingProposed Poway Emergency Assistance
Loan Program (PEARL)
The following information is a compilation of
program criteria and program considerations of
small business programs that have been previously
adopted by jurisdictions throughout California
Program Considerations
•Business Size
•0-5 employees
•1-25 employees
•1-100 employees
•$3.5M Gross Income
•Business History
•1 year
•6 months
•Business Certificate as of date of Emergency
•Repayment
•Begin 4 months after emergency lifted
•5-year repayment
Program Considerations
Ineligible Businesses:
•Illegal
•No Business Certificate
•Not in good standing with the City
•Outstanding code compliance violations
Program Considerations
Other Considerations
•Priority Businesses
•Applied for other forms of assistance
•SBA Loans
•Payroll Protection Program
•SBDC registration
•Use other government loans to repay City
loan
•Independently owned business
•Chain/Franchise owned business
•Interest rate
•Proof of hardship
Business Certificates
Total Active Certificates –1,637*
100+ Employees –50
50-99 Employees –56
26 –49 Employees –69
25 or fewer –1,462
* does not include home based businesses