In addition to CARES Act funds and state loan programs, a number of municipalities around the country have also launched recovery loan fund programs of some sort. The City of Chicago topped the nation in funding when Mayor Lori Lightfoot announced the creation of the $100 million Chicago Small Business Resiliency Loan Fund recently. The fund will offer low-interest loans to severely impacted businesses with fewer than 50 employees that were hit hard by the COVID-19 pandemic. Eligible businesses will have experienced greater than 25% revenue declines as a result of COVID-19. The city will make low-interest loans available to eligible businesses through the program. The application process will begin on March 31, but interested business owners should complete this interest form and they will then be contacted by program representatives. Los APhildangeles Mayor Eric Garcetti combined a new moratorium on commercial evictions with the creation of the $11 million Los Angeles Small Business Emergency Microloan Program. The program will make no-fee microloans between $5,000 and, $20,000 available to cover working capital for eligible businesses at 0% for a term of 6 months to one year, or 3 – 5% for up to a five year term. And back east in the City of Brotherly Love, Philadelphia Mayor Jim Kenney announced that the city along with the Philadelphia Industrial Development Corp. would be funding the new COVID-19 Small Business Relief Fund with $9 million for grants and loans to aid small businesses. The program is available to businesses with less than $5 million in annual revenue and offers three tiers of support: Microenterprise grants, small business grants up to $25,000 and small business zero-interest loans up to $100,000. Applications are available here.