COVID – 19 Information For Businesses

Our partners at the Northcoast Small Business Development Center are providing updates on actions and resources to help small businesses during this crisis. 

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SMART CENTER Pandemic Help Employees-Humboldt

SMART CENTER Pandemic Help Businesses-Humboldt

What’s New?

 

Timeline PhotosHave you enjoyed a Tuyas dinner lately? Try our online ordering tonight!

www.tuyasferndale.com

#visitferndale #shoplocal #onlineordering #orderinline #ferndaleca #redwoods #mexicanfood 🙌❤️🙋‍♀️
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August is Black Business Month. Check out Black Humboldt​ for information on BIPOC owned businesses and programs.
www.blackhumboldt.com/bipoc-owned-businesses
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August 6, 2020 — Today marks the largest increase in cases recorded in a single day, only one day after the county reported double digit cases for the first time.

Twenty-five new cases of COVID-19 were reported today, bringing the county's total case count to 280.

Read the full release at humboldtgov.org/dashboard
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Who Are We?

The Redwood Region Economic Development Commission is a collaboration of elected officials from throughout Humboldt County.  We are dedicated to creating opportunity through economic and business development. More…

What Do We Do?

We make loans to small businesses in Humboldt County.  Our loans are are for those businesses who are unable to get loans through traditional sources like banks and credit unions.

We also work to improve the economic climate of Humboldt County.

Where Are We?

We are located in the Prosperity Center, a one-stop shop for business support located at 520 E Street, Eureka.

*NEW*

RREDC COVID BRIDGE LOAN PROGRAM

RREDC is implementing a COVID emergency bridge loan program. Our intent is to provide cash to allow basic business operations while a customer is applying to the U.S. Small Business Administration or other entity for long-term disaster relief.

Terms:

  • Maximum loan amount is $25,000.
  • 2.5% interest rate.
  • 6-month payment deferral followed by 60 month fully amortized loan.
  • RREDC will file a blanket lien on business assets.
  • Personal guaranties will be required for businesses that are not sole proprietorships.
  • Credit reports will be required. RREDC will allow an applicant to self-report their credit with an appropriate source.

Other conditions of funding:

  • Customer must be enrolled with the Small Business Development Center.
  • RREDC prefers that customer also be applying to the SBA or other appropriate entity for long- term disaster loans. Payoff of the RREDC COVID BRIDGE LOAN should be included as an expense item in disaster loan application, if appropriate.

To apply:

Sign-up with the North Coast Small Business Development Center for assistance or contact your SBDC counselor for a referral. www.northcoastsbdc.org.

OR

Contact Virginia Salvi at [email protected] or Gregg Foster at [email protected].

Applications will be emailed to you along with a link to a secure document upload site.

For more information, email Virginia Fisher or Gregg Foster or visit www.rredc.com

This program is made possible through partnerships with the Humboldt County Headwaters Fund, Humboldt Area Foundation, and City of Fortuna.

NOTICE!

To help slow the spread of COVID-19, RREDC is closed to the public.

To ask a question or gain access to the building, please call Executive Director Gregg Foster at 496-3378.

You may also email us:

[email protected].

[email protected]

[email protected]

We Want You To Succeed!

Contact Us Today