Video: California Small Business Relief Grant

Highlights from Video

1. California Small Business Relief Grant Basics

Starting at 0:37 in video
  • Application opens on December 30, 2020 at 6am
  • Website is CAReliefGrant.com to apply
  • First round closes January 8 at midnight
  • Not first come, first served!
  • Lendistry is intermediary

2. Grant amounts

Starting at 1:49 in video
  • $475m is available – $237.5m in round 1
  • Up to $25K is available per business based on revenue
    • $1K – $100K revenue = $5K grant
    • $100K – $1m revenue = $15K grant
    • $1m – $2.5m revenue = $25K grant
  • Based on latest tax return – probably 2019
  • Business must have been active since 6/1/2019

3. Rules & What the Funds Can Cover

Starting at 3:35 in video
  • Must be impacted by COVID-19 restrictions
  • Use relief grant funds for:
    • Payroll (including health insurance)
    • Rent, utilities, loan payments
    • Reopening expenses
    • Costs related to complying with restrictions
  • Multiple locations or entities – only 1 application

4. Application Documentation

Starting at 6:11 in video
  • Application will ask for:
    • Most recent tax return
    • Organization documents (Articles of Incorporation, Certification of Organization, etc.)
    • Copy of ID
    • Bank account information (active in last 90 days)
  • Be prepared to answer questions about type of business (NAICS Code), ownership, etc.

5. Who Will Get the Grant?

Starting at 8:00 in video
  • Who will get the Grant:
    • Locations in hardest hit areas
    • Revenue loss
    • Industries that are affected the most
    • Underserved populations – women-owned, minority-owned, low-income areas
  • Be prepared to have revenue figures for 2019 and 2020
    • 4/1/2019 – 9/30/2019
    • 4/1/2020 – 9/30/2020

6. Details & Tips

Starting at 9:35 in video
  • Notifications will be sent via email and text starting January 13 (be sure to check your spam folder!)
  • Use Chrome browser
  • Don’t use a generic company email like “[email protected]…”
  • Use high quality scans of your documents and not photos
  • You can apply even if you received PPP or EIDL (!!!)
  • California Relief Grant is (probably) taxable
  • No receipts are required to be submitted but do keep them for 3 years
  • CAReliefGrant.com to apply
  • Californiasbdc.org currently offering a daily webinar at 11am going over details of the California Small Business Relief Grants.

The California Relief Grant Program and Application Guide from Lendistry.com has complete details.

You can check out our COVID-19 resource page for additional blog posts, videos and helpful information for businesses related to the Coronavirus pandemic.

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