BAKERSFIELD, Calif. — The city of Bakersfield is launching a new program that will make loans available to local businesses.

The restart loan to grant program will allow local businesses to receive loans from $5,000 to $50,000.

Some of the loans can become forgivable loans as well.

There is a check-list of requirements for the loans on their website, or you can also call (661) 448-2133