Eligible Use of PIER Small Business Loan Funds

PIER funds must be used for economic revitalization in support of recovery and rebuilding after the 2020 Labor Day fires. Examples of eligible economic revitalization and recovery/rebuilding activities include but are not limited to:

• ​Working Capital for:
  • Inventory
  • Operating Costs, Utility bills, Insurance, Licenses and Permits
  • Staffing/Salaries/Benefits
  • Moveable Equipment 
  • Mortgage/rent payments
  • General business supplies 
  • Expansion of services
  • Marketing Costs
  • Business related travel/transportation 
• Construction projects on buildings essential to business operations on either private/residential property. These projects will require a more in depth environmental assessment which could delay funds.
• Job creation/retention
• Address unmet economic recovery needs from the 2020 Labor Day Disasters
• Demonstrate clear benefits to the fire-affected community​ or vulnerable populations