$100K ABASD Small Business Relief Grant Announced- Apply Today! | Ocean Beach San Diego CA | News

$100K ABASD Small Business Relief Grant Announced- Apply Today!

Asian Business Administration

Apply Today for the ABASD COVID-19 Small Business Relief Grant

Grant Criteria

  1. Applicant must be headquartered and operating in San Diego County
  2. Been impacted due to COVID-19 Regional Stay Home Order
  3. Fewer than (100) employees, including sole proprietorships and independent contractors
  4. Have been in business as of February 14, 2020
  5. Have experienced financial hardship as a result of COVID-19 and can demonstrate based on financial statements

Grant Priorities

  1. Businesses heavily impacted by COVID-19 Regional Stay Home Order
  2. Small disadvantaged businesses, minority, women, or veteran-owned businesses
  3. Businesses with $100,000 or less in annual revenue for 2019

Ineligible Businesses

  1. Businesses without a physical location in San Diego County
  2. Nonprofit businesses
  3. Government entities (other than Native American tribes) or elected official offices
  4. Businesses primarily engaged in political or lobbying activities (regardless of whether such entities qualify as a 501(c)(3), 501(c)(19), or 501(c)(6))
  5. Passive businesses, investment companies and investors who file a Schedule E on their personal tax returns
  6. Churches and other religious institutions (regardless of whether such entities qualify as a 501(c)(3), 501(c)(19), or 501(c)(6)
  7. Financial businesses primarily engaged in the business of lending, such as banks, finance companies and factoring companies
  8. Businesses engaged in any activity that is illegal under federal, state or local law
  9. Businesses of a prurient sexual nature, including businesses which present live performances of a prurient sexual nature and businesses which derive directly or indirectly more than de minimis gross revenue through the sale of products or services, or the presentation of any depictions or displays, of a prurient sexual nature
  10. Businesses engaged in any socially undesirable activity or activity that may be considered predatory in nature such as rent-to-own businesses and check cashing businesses
  11. Businesses that restrict patronage for any reason other than capacity
  12. Speculative businesses
  13. Businesses of which any owner of greater than 10% of the equity interest in it (i) has within the prior three-years been convicted of or had a civil judgment rendered against such owner, or has had commenced any form of parole or probation (including probation before judgment), for commission of fraud or a criminal offense in connection with obtaining, attempting to obtain, or performing a public (federal, state or local) transaction or contract under a public transaction; violation of federal or state anti-trust or procurement statutes or commission of embezzlement, theft, forgery, bribery, falsification or destruction of records, making false statements, or receiving stolen property, or (ii) is presently indicted for or otherwise criminally or civilly charged by a government entity, (federal, state or local) with commission of any of the offenses enumerated in subparagraph (i) above
  14.     “Affiliated” companies (as such term is defined in 13 C.F.R. § 121.103)
  15. Multiple business entities, franchises, locations, etc. are not eligible for multiple grants and are only allowed to apply once using their eligible small business with the highest revenue

Before you start the application, you will need:

  • Business license (for businesses located in incorporated jurisdictions)
  • Prior year tax return (2018 or 2019)
  • 2019 annual financial statements
  • 2020 Q1 and 2020 Q2 financial statements
  • W9 Form

For questions, please email [email protected]

Deadline: February 1, 2020 at 11:59PM (PST)

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