TMC Financing offer expansion of Small Business Assistance Grant Program

To further mitigate the impact of COVID-19 on local businesses and their employees, the County of San Joaquin renewed their partnership with TMC Financing to offer an expansion of the Small Business Assistance Grant Program. This new round of grant funding offers immediate financial assistance to small businesses located in the boundaries of San Joaquin County to address unfunded expenses caused by the pandemic. Funding for the original project was approved by the San Joaquin County Board of Supervisors on May 12, 2020, with the establishment of the Corona Virus Aid, Relief, and Economic Securities Act (CARES ACT). Totaling $15 million, this Economic Development Fund is to be shared between the County's five Supervisorial Districts to provide relief to small businesses affected by COVID-19. TMC Financing, a commercial real estate lender, will independently evaluate and process all grant applications. TMC Financing will leverage their 40 years of lending experience to help verify application completeness and ensure compliance with the terms and conditions of San Joaquin County.