News Flash

News Releases

Posted on: May 13, 2020

Small business relief program to begin accepting applications

PeopleFund logo

Starting Monday, Victoria small business owners will be able to apply for $845,000 in COVID-19 relief loans after the Victoria City Council approved an agreement Tuesday with PeopleFund to create the Business Resiliency Microloan Program.

The City of Victoria will provide a total grant of $500,000 to PeopleFund for the program, with $345,000 to be provided in the form of loan capital that will be available to small businesses. PeopleFund will match Victoria’s overall contribution with $500,000 that will all go toward the loan capital fund for a total loan pool of $845,000.

Mayor Rawley McCoy“Small businesses are the foundation of our community, and we need to do our part to help them stay alive during this unprecedented situation,” Victoria Mayor Rawley McCoy said. “Our Plan 2035 comprehensive plan calls for greater emphasis on job retention, and the partnership with PeopleFund will help us with that effort.”

In order to be eligible for the program, a business must have suffered financial losses due to COVID-19; must have a physical address in the City of Victoria; must be up-to-date on City and County property taxes; and must have good credit with a minimum credit score of 600 as of Jan. 31. Exceptions to these requirements may be considered on a case-by-case basis by PeopleFund, especially if a business’s failure to meet requirements is related to COVID-19.

“PeopleFund is honored to partner with the City of Victoria in supporting small businesses,” PeopleFund CEO Gustavo Lasala said. “We applaud the City’s initiative as every dollar invested in this program has a multiplier effect with a significant positive impact on economic activity.”

Loans will be provided at 0% interest for the first six months; afterward, the interest rate will increase to a maximum of 5%. Interested businesses can apply for loans up to $50,000.

To apply, visit, and click “Get a loan.”Apply Here button

Facebook Twitter Email

Other News in News Releases

Young kids stand under a water pouring feature at a splash pad

Splash pads to open 7 days a week

Posted on: April 23, 2021
Utility Billing Office exterior

City of Victoria issues boil-water notice

Posted on: February 17, 2021
Elevated view of the Leo J. Welder Center building. A Main Street banner and street art are visible.

City asks for input about downtown

Posted on: January 11, 2021
Assistant City Manager Darrek Ferrell

City of Victoria seeks broadband developer

Posted on: December 15, 2020
A hose-end sprinkler on a bright green lawn.

City needs public to conserve water

Posted on: November 17, 2020
Side-by-side portraits of two women

City of Victoria announces new hires

Posted on: November 17, 2020
Map showing that one block of Main Street is closed from Commercial to Goodwin by the library

Part of Main Street to close

Posted on: November 12, 2020
Map showing road closure on Crestwood Drive from Halsey Street to Ben Jordan Street.

Part of Crestwood Drive to close

Posted on: November 12, 2020
Map showing road closure on Crestwood Drive from Halsey Street to Ben Jordan Street.

Part of Crestwood Drive to close

Posted on: November 9, 2020
Map showing that Crestwood Drive will be closed between Laurent and Azalea.

Part of Crestwood Drive to close Nov. 4

Posted on: November 2, 2020
Jesus Garza

City moves forward with master plans

Posted on: September 22, 2020
Police Patches

City announces chief of police finalists

Posted on: September 11, 2020

Notice of Adopted 2020 Tax Rate

Posted on: September 3, 2020
Texas Department of Transportation logo

Navarro median project update

Posted on: June 26, 2020