COVID-19 Stimulus Funding Program

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Stimulus Loan Program

The City of Utica in response to the COVID-19 pandemic is offering a number of incentives to City businesses including a zero-interest loan that can convert to a grant based on the retention of low to moderate-income individuals.

If you are a small business in the City of Utica with 25 employees or less, you may qualify based on the criteria below:

  • Maximum loan for an individual business is $10,000. All loans will have zero interest.  
  • Loan can convert to a grant if specific criteria is met, including business owners keeping their low to moderate-income staff on payroll (funds are not meant to replace lost sales or profits). The business owner must provide a good faith certification of funding usage and payroll information must be provided as verification
  • No Personal Guarantees will be required (however collateral will be required)
  • The City will provide the loan proceeds within 1-2 weeks depending on completeness of application and other loan materials
  • All federal job retention guidelines must be followed throughout the process

Businesses that have secured funding through the Payroll Protection Program (PPP) or the Economic Injury Disaster Loan (EIDL) will not be eligible to receive the City's COVID-19 Stimulus Funds.

Complete the attached Application and Employment Record and have your employees complete the Employee Questionnaire.  Return to Jack Spaeth via email at or mail to Jack Spaeth, City of Utica, 1 Kennedy Plaza, Utica, NY 13502

Employment Record
Employee Questionnaire

Existing City Loan Forbearance

The City of Utica is also offering forbearance for existing loans.  Currently, sixteen (16) businesses have loans with the city and are eligible to receive a loan forbearance with no principal payments or interest due for three months.