California’s Small Business COVID-19 Relief Grants

By hire-up in Uncategorized

December 28, 2020

Could your small business use some financial help during these tumultuous times? California opened up a small business COVID-19 relief grant program. The amount of grant funding ranges from $5,000 to $25,000. The grant amount is based on your annual revenue as documented in your most recent tax return. Businesses with as little as $1,000 or as much as $2,500,000 in revenue can apply. Please note the important application dates below.

Applications open December 30, 2020 at 8am PST

Applications close January 8, 2021 at 11:59pm PST

Start of approval notifications January 13, 2021

Also, small and medium sized businesses operating in Fresno can apply for low fixed rate loans through the City of Fresno and are administered by the Cen Cal Business Finance Group.

LOAN TERMS

  • $10,000 – $100,000
  • Competitive Terms
  • Term 5-10 Years
  • Job Retention Requirement
  • Six months with NO monthly payments

ELIGIBLE USES

  • Inventory
  • Working Capital
  • Equipment Purchases
  • Lease Improvements
  • Personal Protection Equipment (PPE)

Visit www.cencalfinance.com for additional information.

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