$15K Grant Opportunity for Entrepreneurs in Low-Income Areas

1503 Macdonald Avenue,Richmond CA 94801

18 September, 2021

Description

$15K SBA Grant For Entrepreneurs Located in Low-Income Areas - Assistance Provided - Reserve Your Seat Today Come To CoBiz to Apply for $15K Grant (SBA EIDL) For Entrepeneurs in Low-Income Areas Applicants for the COVID-19 Economic Injury Disaster Loan (EIDL) may be eligible to receive up to $15,000 in funding from SBA that does not need to be repaid. These "advances" are similar to a grant, but without the typical requirements that come with a U.S. government grant. To receive an advance, you must first apply for a COVID-19 Economic Injury Disaster Loan. Note: You do not need to accept the loan or be approved for the loan to receive an advance. MORE IMPORTANTLY: Once you apply for the loan, SBA will invite you via email to apply for one of the advance programs if your business is located in a low-income area Assistance CoBiz Richmond is offering qualified entrepreneurs the opportunity to complete the application with assistance by reserving a time to use one of two computers: each Monday, 5pm to 6pmeach Friday, 9am to 11am Criteria Up to $10,000 Targeted EIDL Advance if your business or nonprofit is in a low-income area, lost more than 30 percent in revenue, and has 300 or fewer employees. Additional $5,000 Supplemental Targeted Advance if your business or nonprofit is in a low-income area, lost more than 50 percent in revenue, and has 10 or fewer employees.Application: Link to apply: https://covid19relief.sba.gov/ The Supplemental Targeted Advance can combine with original EIDL and/or Targeted EIDL Advance for a total of up to $15,000. If you have not previously applied for EIDL, apply now! To help eligible businesses apply, the we are hosting free, in-person application workshops in Richmond, Ca While the applications must be submitted in English, the SBA provides documents in different languages to help you understand eligibility requirements, fill out applications and answer frequently asked questions.