San Mateo County Strong Grant Supports Local Small Businesses

Press release from the City of Millbrae:

April 23, 2020

California’s shelter-in-place order has been critical in slowing the spread of COVID-19. Unfortunately, it has forced many small businesses to reduce staff hours and services as a result of lower demand.

To help offset the economic consequences of the COVID-19 and California’s shelter-in-place order, San Mateo County, in partnership with the Silicon Valley Community Foundation and San Mateo County Economic Development Association, has created the San Mateo County Strong Fund – Small Business Grant Program.

The goal of the Small Business Grant Program is to help local businesses with payroll for employees, maintain their operations, meet ongoing obligations and survive the economic impacts of COVID-19 and the shelter-in-place order.

The small business grant application portal is tentatively scheduled to open on Monday, April 27, 2020, at 12 p.m.

Eligible applicants will be awarded up to the equivalent of two months operating expenses (determined by averaging last 12 months expenses divided by 12), not to exceed $10,000. Awards are subject to the availability of funds.

To be eligible, local small businesses must:

• Be a for-profit company with at least two employees
• As of March 31, 2019, have all applicable and required business license(s)/permit(s) or other government-issued registration document(s) as required by the local jurisdiction
• Have a primary office, storefront, or business space open to the public and located in San Mateo County and have been open for at least one year
• Have the equivalent of 10 or fewer full-time employees as of February 15, 2020 OR less than $2.5 million in annual revenue over the past 12 months (March 1, 2019 to February 29, 2020)
• Demonstrate a 25% reduction in gross revenue due to COVID-19

To apply for a San Mateo County Strong Small Business Grant, please visit: https://www.smcstrong.org/smallbusinessgrants.

During the application process, small business owners will need:

• A copy of their business license
• 12 months of bank statements
• 12 months of profit & loss statements
• Copies of IRS or FTB tax returns
• Proof of rent/mortgage

In addition to San Mateo County Strong, San Mateo Credit Union is providing loan relief and deferment to local small businesses. Their programs can help with mortgage deferrals, loan relief for personal and auto loans, work reduction loans, and zero-payment credit cards. To learn more about these programs, please visit https://www.smcu.org/COVID-19.

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小型企业补助金申请门户暂定于2020年4月27日，星期一，中午12:00开放。请随时访问

https://www.smcstrong.org/smallbusinessgrants 以获取任何更新。

前100万美元的资金将有大量需求，资金将很快用完。如果所有申请者都申请最高限额为10,000美元的

补助金，那么100万美元的资金将仅等于100笔补助款。

为了在2020年4月27日星期一中午12点应用门户开放前做好准备，请按照以下步骤上传全部证明文件并

且准备提交完整的申请：

• 评估您的企业是否符合以下申请资格标准：

1. 是一个至少有两名雇员的营利性公司;

2. 自2019年3月31日起，该企业已拥有当地司法管辖区要求的所有适用且要求的营业执照

/许可证或其他政府签发的注册文件;

3. 该企业在圣马刁县设有向公众开放的主要办公室，店面或商业空间，并且该企业已开

业至少一年；

4. 截至2020年2月15日，该企业的全职雇员人数等于或少于10个，或者过去12个月（2019

年3月1日至2020年2月29日）的年收入少于250万美元；

5. 并且由于COVID-19，该企业的总收入至少减少了25％。

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El portal para las aplicaciones de préstamos para pequeñas empresas abrirá a partir del lunes 27 de abril del 2020 a las 12:00pm. Se recomienda visitar frecuentemente el sitio web: https://www.smcstrong.org/smallbusinessgrants para conocer las actualizaciones del programa.

Habrá una gran demanda del primer monto de $ 1 millón, por lo que este fondo se agotará muy rápido. Este millón en fondos solo equivaldrá a 100 préstamos con un máximo de $10,000. para cada cada uno.

Como parte de la preparación previa a la apertura tentativa del portal de las aplicaciones, prevista para el lunes 27 de abril de 2020 a las 12:00pm, siga los siguientes pasos que le ayudarán a tener su documentación completa y lista para ser enviada.

Determine si su negocio cumple con los siguientes criterios de elegibilidad:

1. Ser una empresa productiva con al menos dos empleados;

2. Desde el 31 de marzo de 2019, la empresa ha tenido todas las licencias / permisos comerciales aplicables y requeridos u otros documentos de registro emitidos por el gobierno según lo requiera la jurisdicción local;

3. El negocio/empresa tiene una oficina principal, local, o espacio comercial abierto al público y ubicado dentro del condado de San Mateo, además, el negocio ha estado abierto durante al menos un año;

4. La empresa tiene el equivalente de 10 o menos empleados a tiempo completo al 15 de febrero de 2020 O menos de $ 2.5 millones en ingresos anuales durante los últimos 12 meses (1 de marzo de 2019 al 29 de febrero de 2020);

5. El negocio demuestra una reducción del 25% en los ingresos brutos debido a COVID-19.

This press release was produced by the City of Millbrae. The views expressed here are the author’s own.