Thursday, 21 January 2021

Cobb Area Council announces small business loans

COBB, Calif. – The Cobb Area Council announced that it will immediately begin offering low-interest loans within the Cobb Planning Area to small businesses impacted by fire and public safety power shutoff events, startup businesses and business expansions.

Loans will range from $2,500 to $7,500 with consideration for larger loans based on the situation. The interest rate will be fixed at 2 percent. Repayment is due within three years.

The funds may be used to purchase equipment to alleviate impacts of fires and public safety power shutoff events (generators), inventory, working capital, debt consolidation and/or construction.

“We are excited to have arranged this low-interest loan program to immediately assist our local small businesses utilizing a portion of the funds from the $200,000 economic development grant awarded to the Cobb Area Council by the Federal Home Loan Bank late last year,” said Jessica Pyska, Cobb Area Council Economic Development Committee chair.

Interested businesses wishing to apply should contact Jeff Lucas of Community Development Services, which will be administering the program at 3895 Main Street, Kelseyville, CA 95451, telephone 707-279-1540 or via email at This email address is being protected from spambots. You need JavaScript enabled to view it. .

For further information contact Jessica Pyska, chair, Economic Development Committee, Cobb Area Council, P.O. Box 1442, Cobb, CA 95426.

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