California has more than four million small businesses, many of whom have suffered financially during the pandemic. As of today, December 30, 2020, California’s small business owners can apply for their share of $500-million in grants as part of a state relief program. This is a grant opportunity; not a loan or debt. The maximum amount of the grant is $25,000.00, and the deadline for applications is on January 8, 2021 at 11:59 pm PST. Approval notifications will be sent out on or around January 13, 2020. [FN 1]
According to the CA Relief Grant website, "[a] small business or small nonprofit must satisfy the following criteria to be eligible to receive a grant award:
Further, businesses must provide the following documents during the application process:
Finally, businesses must use the grant funds to pay:
Businesses can apply through the lenders local to their county. For example, San Francisco-based businesses can apply to the lenders listed here. [FN 2]
Smith Shapourian Mignano PC is available to answer any questions or concerns you may have regarding the CA Relief Grant.
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