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California Small Business COVID-19 Relief Grant Program Round 5

Grantor:
Governor's Office of Business and Economic Development
Portal ID:
5827
Status:
Closed (36000 total applications submitted)
Opportunity Type:
  • Grant
Last Updated:
Categories:

Details

Purpose:

The CA Small Business COVID-19 Relief Grant Program provides grants from $5,000 to $25,000 to eligible small businesses and nonprofits impacted by COVID-19 and the related health and safety restrictions.

Lendistry has been designated by the state to act as the intermediary for the Program to disburse the grant funds.

Visit CAReliefGrant.com

Round 5 is 3/25/21 - 3/31/21
Eligible Round 1, 2, and 3 applicants automatically are entered into Round 5

Description:

  • The program is not on a “first come, first served” basis.
  • Round 5 application period: Thursday, March 25th through Wednesday, March 31st
  • Partners will provide technical assistance to business owners and nonprofits (to include translation/interpretation services) during application preparation and online submission.
  • Once applications are received, Lendistry will process for eligibility. Once rounds close, grant awards will be distributed based on the program priority factors, including the COVID health and safety restrictions following California’s Blueprint for a Safer Economy, local county status and the new Regional Stay At Home Order which can be found at: https://covid19.ca.gov/safereconomy/.
  • Lendistry will distribute grants on behalf of the State of California to approved small businesses and nonprofits.
  • See www.CAReliefgrant.com for more information and application instructions.

Eligibility Requirements

Eligible Applicants:

  • Business
  • Nonprofit

“Small businesses” means entities that have yearly gross revenue of $2.5 million or less based on most recent available tax return (2018 or 2019); must have minimum yearly gross revenue of $1,000. “Small nonprofits” means registered 501(c)(3), 501(c)(6) or 501(c)(19) nonprofit entities that have yearly gross revenue of $2.5 million or less based on most recent available Form 990 (2018 or 2019) and a minimum yearly gross revenue of $1,000.

Eligible Geographies:

Eligible businesses must have a physical address and operate in California. Please see CAReliefGrant.com for additional eligibility information.

Important Dates

The date (and time, where applicable) by which all applications must be submitted to the grantmaker. Time listed as “00:00” equates to midnight.
The date on which the grantor expects to announce the recipient(s) of the grant.
TBD
The length of time during which the grant money must be utilized.
N/A

Funding Details

The total projected dollar amount of the grant.
$729,000,000
A single grant opportunity may represent one or many awards. Some grantors may know in advance the exact number of awards to be given. Others may indicate a range. Some may wish to and wait until the application period closes before determining how many awards to offer; in this case, a value of “Dependent” will display.
Dependent
Grant opportunities representing multiple awards may offer awards in the same amount or in varied amounts. Some may wish to wait until the application period closes before determining per-award amounts; in this case, a value of “Dependent” will display.
Dependent
Certain grants require that the recipient(s) provide a letter of intent.
No
Certain grants require that the recipient(s) be able to fully or partially match the grant award amount with another funding source.
No
The funding source allocated to fund the grant. It may be either State or Federal (or a combination of both), and be tied to a specific piece of legislation, a proposition, or a bond number.
  • State

Funding Source Notes:

On February 23rd, Governor Newsom signed into law a comprehensive package providing urgent relief for the small businesses of CA.  The package provides an additional $2 billion – a four-fold increase over the $500 million currently being distributed – for grants up to $25,000 for small businesses impacted by the pandemic, and allocates $50 million of this total for non-profit cultural institutions.

The manner in which the grant funding will be delivered to the awardee. Funding methods include reimbursements (where the recipient spends out-of-pocket and is reimbursed by the grantor) and advances (where the recipient spends received grant funds directly).
  • Advances & Reimbursement(s)

How to Apply

State agencies/departments recommend you read the full grant guidelines before applying.

Resources

For questions about this grant, contact:
Lendistry, 1-916-322-0694, osba@gobiz.ca.gov

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