Deadline: 3-Sep-21
The City of Tustin has announced a Tustin Small Business Recovery Grant Program (Program) in partnership with the Orange County/Inland Empire Small Business Development Center (OCIE SBDC).
Small businesses with a minimum of one (1) employee – not including the owner, and a maximum of twenty-five (25) employees (full or full-time equivalent combination) may be eligible to receive a working capital grant of up to ten thousand dollars ($10,000).
The grant may be used for working capital to cover the day-to-day business operating expenses such as rent/lease payments, mortgage payments, payroll and benefit costs, utility expenses, inventory, Personal Protection Equipment (PPE) or other similar expenses that occur in the ordinary course of operations.
Funding Information
- The City is allocating up to two million dollars ($2,000,000) for the Program, which will provide grants to 200 small businesses needing financial assistance in overcoming the temporary loss of revenue due to the COVID-19 pandemic.
Eligibility Criteria
To be eligible to apply for the Tustin Small Business Recovery Grant Program, a business must meet certain criteria that has been established by the City of Tustin and the guidelines set forth by the U.S. Department of Treasury for utilizing ARPA funds. The business must also demonstrate the need for financial support resulting from the temporary loss of revenue due to the impact of COVID-19.
The business applicant must meet the following minimum requirements to be considered for grant funding:
- The business must be a for-profit business and physically located in Tustin;
- The business must be located in a commercial or industrial space;
- Residential or real estate projects including short-term rental operators are not eligible;
- The business must have an active Tustin business license since January 1, 2019;
- As of July 1, 2021, the business must have at least one employee – not including the ownerand no more than twenty-five (25) full-time equivalent employees (two part-time employees equal one full-time employee);
- The business must be in good standing with the City (current on bills, no liens or judgements, etc.), unless directly correlated to COVID-19 impacts;
- The business must submit the application and all required supporting documentation; and
- The business applicant must be able to document that it experienced financial hardship causing business interruption due to COVID-19. For example, total revenue from the 2020 calendar year was down in comparison to revenue from the 2019 calendar year.
- The amount requested ($10,000) cannot exceed the amount of lost revenue.
For more information, visit https://www.tustinca.org/1155/Small-Business-Recovery-Grant-Program