Small Business Emergency Microloan Program

The City of Dublin’s Small Business Emergency Microloan Program was established to help mitigate the negative impact of COVID-19 on Dublin small businesses and was intended to help retain local restaurants and retailers in Dublin.


Program Overview

Microloan Program FB INSTA-2The Program provided zero-interest, unsecured, short-term loans of up to $10,000 to eligible independently or locally owned businesses with priority for restaurants and retail businesses. Loan funds must have been used to cover payroll, rent, operating expenses or working capital.

Loan repayment is deferred for 36 months after loan approval. The loan may be up to 100% forgiven based on either longevity of the business operating in Dublin and sales tax generation by the business as detailed below:

Longevity: The loan may be 100% forgiven based on longevity of the business operating in Dublin: For each year the business is in operation, one third (1/3) of the loan will be forgiven. If at the end of three years, the business is still in operation in Dublin, then the entire loan will be forgiven.

Sales Tax: For Sales Tax Generating businesses only: If during the three-year term of the loan, the business cumulatively produces sales tax revenue remitted to the City equal to or more than the amount of the loan, then the loan will be forgiven.

Microloan Program INFOGRAPHIC - updated 11-20. The Program provided more than $888,000 in assistance

Program Final Report

Utilizing a combination of City funds and Coronavirus Aid, Relief, and Economic Security Act ("CARES Act") funds, the Program was able to provide microloans to 100 Dublin businesses. See the list of recipients here.

The Program provided more than $888,000 in assistance to:

  • 64 Restaurants
  • 26 Personal Services/Other business types
  • 10 Retail Stores

Program Criteria & Application Process

Applications were accepted May 26, 2020 through June 12, 2020 and reviewed on a first-come, first-served basis.

Reference Links:

More Information

If you have additional questions about the Program or the application process, please contact the Office of Economic Development via email or call Taryn Gavagan Bozzo at 925-833-6650.