The ARPA Small Business Assistance program provides assistance to small businesses located in Stonecrest that experienced a financial hardship during the pandemic.
Donor Name: City of Stonecrest
State: Georgia
City: Stonecrest
Type of Grant: Grant
Deadline: 05/22/2023
Size of the Grant: up to $25,000
Details:
Funding Information
The City has allocated $2 million for this program. For eligible small businesses that meet the financial eligibility requirements the City will provide a grant of up to $25,000.
Use of Funding Restrictions
Awarded small businesses may only use grant funds for approved and allowable expenses, including the following uses:
- Rent, lease, or mortgage costs;
- Utility bills;
- Payroll;
- Business-related insurance;
- Inventory expenses including covering any loss of inventory;
- Other operating expenses;
- Rehabilitation of commercial properties;
- Storefront improvements;
- Façade improvements; or
- Costs to expand your business.
Eligibility Requirements
Only one (1) application will be accepted per business. To be eligible a business must not have received funding under the CARES Act; have experienced a financial hardship and be:
- A business with 50 or less full-time equivalent (FTE) staff
- Licensed as a business in the City of Stonecrest
- The following businesses are not eligible under this program: 1) businesses who sell alcohol and more than 33% of your gross receipts come from the sale of alcohol or 2) businesses whose primary source of income is from cashing checks or providing pay day loans; loans secured by private property (Pawn Shop)
- Created before January 1, 2023 and actively operating after December 31, 2022
- An eligible for profit business
- Eligible to receive federal funds (i.e., not suspended or debarred from receiving federal funds) .
For more information, visit City of Stonecrest.