Ulster County CARES II Small Business Assistance Program intends to prevent, prepare for, and respond to the impacts of the coronavirus pandemic.
Donor Name: Ulster County
State: New York
County: Ulster County (NY)
Type of Grant: Grant
Deadline: 12/11/2022
Size of the Grant: $5,000- $35,000
Details:
Up to $35,000 for businesses located in Ulster County with 25 or fewer employees at the time of application. Funding is meant to spur innovation and adaptation to the new reality of economic life with a highly contagious virus. The fund will provide reimbursement of up to 100% of eligible project costs. All projects must be located in Ulster County, New York.
Funding Information
- Minimum Request: $5,000
- Maximum Request: $35,000
Criteria
- Your primary business location must be in Ulster County, NY.
- Your business must be a sole proprietorship, partnership, corporation, Limited Liability Company or other legal form of business.
- Applicants who did not establish their business in New York State must provide a DBA or incorporation paperwork upon award.
- Your business must have 25 or fewer employees at the time of application.
- Must provide personal tax returns from all owners with greater than or equal to 20% ownership
- Business must maintain a separate bank account for business related expenses (cannot co-mingle business and personal expenses)
Eligible Use of Funds
Eligible expenses include rent, business mortgage payments, furniture, fixtures, equipment, operating expenses, and working capital that will prevent, prepare for, and respond to the impacts of the coronavirus pandemic. Expenses incurred must be for activities located in Ulster County.
- Equipment
- Permanent machinery and equipment (installed equipment/machinery) – must complete section 8 of application
- Misc. business equipment
- Vehicles
- Computers/software
- Operating Expenses (i.e. Working Capital)
- Payroll (must provide formal payroll documentation from a payroll processing system with reimbursement request)
- Rent (must provide signed copy of lease agreement upon award)
- Utilities (bill submitted must match Ulster County business address)
- Supplies
- Inventory
- Fixed Assets
- Awards and disbursement of funds are contingent on receiving necessary approvals. If approvals are not received prior to contract end date the award will be rescinded and reimbursement will not be given.
- Property purchases, including soft costs
- New building construction
- Exterior building renovations, including soft costs
- Signage
- Interior renovations
- Other Eligible Expenses
- Daycare (only eligible where necessary for owner or employees to continue working)
- Financing Fees
- Loan application/closing fees and interest payments
- Bank charges/fees
- Closing costs
For more information, visit CARES II Small Business Assistance Program.
