Valley Industry Association, Mission Valley Bank, Proposes Solution To Santa Clarita Valley Small Business Debt

Thursday, April 22, 2021

Valley Industry Association (VIA) has partnered with Mission Valley Bank and the Santa Clarita Non-Profit Leaders Network to form a proposal that has been sent to Congressman Mike Garcia (R-Santa Clarita) that would provide funds to ease debt for eligible businesses in return for service to better the community. If approved, the proposal would make funding available to eligible Santa Clarita Valley businesses in crisis. These businesses are expected to maintain a clean criminal record, provide service through pre-approved organizations and programs, and maintain their presence in the Santa Clarita Valley for the foreseeable future, according to the document sent to Garcia. In the aftermath of the COVID-19 pandemic, many Santa Clarita small businesses have been left with consequential amounts of debt, with few options on how to survive and bounce back.