THRIVE PROGRAM Part of a Riverside County Small Business Program
All existing businesses and new businesses that have started on or after July 1, 2022 are eligible to apply for the Small Business Thrive Grant.
About the Thrive Program
To support local business owners and budding entrepreneurs facing economic challenges due to the pandemic, the Riverside County Office of Economic Development is collaborating with the Orange County Inland Empire Small Business Development (OCIE SBDC). This partnership aims to offer technical and financial support to the business community in the county.
Under the RivCo Small Business Thrive Program, which is a part of the American Rescue Plan Act (ARPA) Economic Recovery initiative, eligible business owners and aspiring entrepreneurs in the county can receive grants ranging from $1,500 to $5,000. These grants are designed to help start new businesses or expand existing ones. To qualify, individuals and businesses must fulfill all the necessary criteria, which include completing a small business training program, participating in one-on-one consultations provided by the OCIE SBDC, and attending a Financial Literacy webinar conducted by AmPac Business Capital.
Starting Your Business is a Program Away
Riverside County Revolving Loan Fund
The County of Riverside & AmPac Business Capital are partnering to provide ongoing capital for small businesses in Riverside County!
Microloans are available:
Ineligible Business Types
ALL communities of Riverside County.
- New/Startup Business
- Residential or real estate projects
- Non-profit companies
- Casinos/gambling establishments
- Gun Shops
- Adult-entertainment related
businesses - Cannabis-related businesses
Microloans up to $50,000
TARGET: small businesses with fewer than five employees
- Interest Rate: 6.5%
- Term: 5 years
- No payments for the first 6 months
FEE: Financed into the loan
REQUIRED DOCUMENTATION
- Payroll records documenting existing payroll
- Certification that information is accurate and true as presented
- One year of the most recent business and personal tax returns, year end
- 2019 financial statements are acceptable (balance sheet/income statement)
- Statement of COVID-19 impact (checklist provided)
- Must demonstrate negative impact from COVID-19 (owner must provide proof of 25% or more profit loss due to COVID-19 from January 31, 2020 to the date of the application)
- Business owner meets income limit – 80% Median Income: as of 07/01/2020, these are: 1* (42,200); 2(48,200); 3(54,250; 4(60,250); 5(65,100); 6(69,100); 7(74,750); 8(79,550)-*# of persons/Household.
Get Started by Applying Online
Download Program Information
City of Fontana Revolving Loan Fund
The City of Fontana & AmPac Business Capital are partnering to provide ongoing capital for small businesses in the city of Fontana!
Microloans are available:
Eligible Business Purposes
On April 2, 2024 the Fontana City Council approved a revolving loan fund aimed at supporting the vitality of Fontana's business community. This fund offers businesses an alternative to traditional loans, credit cards, or high-interest debt financing. It provides Fontana-based businesses, as well as those considering relocating to Fontana, with the opportunity to apply for financial support.
Register for Fontana HUUB to access the Loan Pre-Course:
https://fontana.myhuub.com/register/
Ready to apply for the Revolving Loan Fund?
Book time with Ian Aguilar: 30 Minute Meeting
Ian Aguilar, Business Development Associate
AmPac Business Capital
3110-B Inland Empire Blvd. Ontario, CA 91764
- The revolving loan fund can be used for various purposes, such as:
- Working capital
- Construction
- Business expansion
- Inventory
- Credit Consolidation
- Export financing
Get started on your application today: Register for Fontana HUUB to access the Loan Pre-Course here: https://fontana.myhuub.com/register/
Don't forget to set aside your application documents to upload to your application. Upon completion of the Fontana HUUB Loan Fund Pre-Course, you will be directed to AmPac Business Capital to meet your capital partner.
Microloans $15,000, $30,000 to $50,000
Required Documents:
- Current Business License
- CA Statement of Information
- Seller's Permit (if applicable)
- CA Driver's License
- 2 years of Business Tax Returns
- 2 years of Personal Tax Returns
- 3 months of Business bank statements
- 3 months of Personal bank statements
- Debt schedule (list of all outstanding debt amounts and payment dates)
- Financial Statements
- Project Cost Detail
- Completion Certificate from Loan Fund Pre-Course
Already registered? Login to the Fontana HUUB here: https://fontana.myhuub.com/