The Resilience Fund - Sierra serves small business owners in the Truckee and Lake Tahoe region who’ve been affected by the COVID-19 pandemic. This fund is designed to help businesses that have been impacted by the forced closures, so we discourage businesses who are still fully operational or who have already received significant relief funds from federal programs from applying at this time. The current maximum loan amount is $25,000.
Resilience Fund loan proceeds are to be used exclusively on overhead, payroll and other business expenses, to generate new revenue or jump-start operations, to assist in recovery, and purchase PPE as required. The program is not intended to supplement personal expenses or for home-based businesses without significant overhead or for second home rental businesses such as Airbnb. The loan is designed for small businesses with fewer than 25 employees and priority will be given to businesses with employees who have brick-and-mortar retail, restaurant and storefront operations.
On the other side of the current economic crisis, the fund will serve as permanent loan infrastructure for the small business community to help them grow, expand and thrive.