Goleta, CA – Women’s Economic Ventures (WEV) is still accepting applications from Goleta-based businesses for ReStart Loans up to $25,000 each (administered by WEV). In August, the City of Goleta and WEV collaborated to create a loan program to assist Goleta-based businesses during the pandemic. With the extended period of requirements to maintain safe operating conditions and meet tighter State regulations, local businesses may need additional support. Goleta ReStart Loan information and application (in English and Spanish) are available at www.wevonline.org/loans-2/restart/ .
City of Goleta Mayor Paula Perotte said, “The WEV ReStart Loan program will provide immediate funding on favorable terms and WEV’s highly-regarded financial expertise to our small businesses.”
The City of Goleta contributed $200,000 to support the small business loan program. Goleta ReStart Loans from WEV will provide capital to Goleta-based businesses who are now open or eligible to open under the most current government orders (subject to change based on updated orders) related to COVID-19. Loan applications are now being accepted and will be reviewed on a rolling basis until loan funds have been depleted.