The COVID-19/Construction Recovery Grants program to provide financial support in the form of grants to micro and small business owners whose businesses are located in an area impacted by City-initiated construction projects that began after January 1, 2020, have a projected project duration of at least 12 months and were ongoing as of December 1, 2022.
Donor Name: City of San Antonia
State: Texas
City: San Antonia
Type of Grant: Grant
Deadline: 02/28/2023
Size of the Grant: $10,000 to $35,000
Details:
The program, funded by the City of San Antonio and administered by LiftFund, has dedicated $2,250,000 in funding to support for-profit small businesses with grants up to $35,000.
Funding Information
The grants will range from $10,000 to $35,000 to eligible small, for-profit businesses. Grant amount will be 2021 net profit/loss minus the 2022 net profit/loss not to exceed the maximum grant amount of $35,000.Grant recipients who were awarded the construction supplement through the City of San Antonio COVID Impact grant are eligible for this program, however, the award amount will be reduced by $10,000.
The funds must be used for business-related expenses, including payroll/healthcare benefits, contract labor, working capital, business rent or mortgage payments for business property, supplier payments, machinery and equipment, critical operating expenses, utility payments for business locations (does not include personal residence).
The following limitations apply:
- Applicants are eligible to receive only one grant award.
- Only one grant may be awarded per business with more than one location.
- Limited to one grant per physical address within City of San Antonio.
Eligibility Criteria
To be eligible for this program, businesses must:
- Have a minimum of $10,000 gross sales in 2021.
- Be a retail or service business with a store front location that requires customer foot traffic for operations or can demonstrate that customers physically visit your business location.
- Meet the SBA Size standard for small business.
- Demonstrate net profit/loss in 2021 that is at least $10,000 greater than net/profit loss in 2022. Net profit/loss is based on Line 29 of Schedule C, Line 30 of 1120, Line 21 of 1120S or Line 22 of 1065
- Be in operation prior to January 1, 2021.
- Be currently in operation and not have filed for bankruptcy at time of application
- Be located within an eligible construction zone and remain for one year from date of grant award. To check if your business address is located within a construction zone,
- Not be in the following categories: non-profits, gambling/gaming businesses; franchisors; sexually oriented businesses; payday & auto loan providers; liquor stores and businesses in which a City employee or officer has a financial interest, as defined in Sec. 2-53 of the City’s Ethics Code.
- Applicant must be majority owner of the business.
For more information, visit COVID-19/Construction Recovery Grants.
