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Small Business Assistance Grant

by opportunitydiary

Application Deadline: April 14, 2022.

The City of Alhambra established a Small Business Assistance Grant (SBAG) Program to support local small businesses impacted by COVID-19 with grants to retain the continuity of business operations for services to the community and/or assist income-qualified microenterprises.  Financial assistance in one-time $5,000 grants is available to eligible applicants. Grants are based on availability, program guidelines, and the submission of all required information and supporting documentation proving financial hardship or recovery relating to COVID-19.   

Eligibility

To be eligible to apply for the Alhambra Small Business Assistance Grant (SBAG) Program, a business must meet certain criteria as established by the City of Alhambra and as set forth by the U.S. Department of Housing and Urban Development (HUD) for utilizing CDBG-CV funds. The business must also demonstrate the need for financial support resulting from COVID-19.

The business applicant must meet the following minimum requirements to be considered for grant funding:

•    Qualifying businesses must be a for-profit and physically located in the city limits of Alhambra with no more than 25 employees including the owner(s) or be a microbusiness with 5 or fewer employees including the owner(s).   

•    The business must have a current business license with the City of Alhambra.  

•    The business must have been operational for at least six months.    

•    The business must be in good standing with the City (must have no violations with federal, state, or local government).  There must be no liens against the business.  

•    Must obtain D-U-N-S Number if awarded a grant.  A D-U-N-S Number is required for all federally funded programs.  

•    The business must have experienced demonstrable impact or hardship in business operations due to COVID-19.

•    The business must meet HUD’s criteria of low-income benefit. 

•    The business must not have received business assistance from other sources, including federal, state, or county governments for programs such as the Small Business Association (SBA), Economic Injury Disaster Loan (EIDL), SBA Express Bridge Loan, SBA Debt Relief, or Paycheck Protection Program (PPP) Loan.  Relief is not eligible if the funds are a duplication of benefits provided by the City.    

•    The business must submit the application, and all required supporting documentation including a W-9 Form.  

•    The business must have incurred COVID-related expenses prior to the submittal of this application.  This program does not advance grant funds for future expenses.  

•    City employees and elected officials are not eligible to participate in this program.  

Application Procedure

Grants may be awarded to small businesses in order to mitigate financial hardships created from the pandemic such as restricted operations and/or to implement safer operating procedures or operations in order to respond, prevent or mitigate the COVID-19 public health emergency.  Funds can also be used to drive economic recovery as in responding to the Coronavirus recession and, for example, retooling the small business to address new market niches.    

Examples include, but are not limited to:

•    Overhead expenses. 

•    Rent and utilities. 

•    Business services to increases capacity to carryout business activities including marketing and promotions. 

•    Payroll expenses including hiring bonuses (within limits). 

•    Business inventory and supplies including Personal Protective Equipment (PPE). 

•    Day-to-day expenses including maintenance, capital or equipment purchases for business operations.  

Official Website: Small Business Assistance Grant

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