Applications are now open for the City of San Antonio’s COVID-19/Construction Recovery Grant.
Donor Name: City of San Antonio
State: Texas
City: San Antonio
Type of Grant: Grant
Deadline: 02/28/2023
Size of the Grant: up to $35,000
Details:
The program offers targeted relief to small businesses impacted by both COVID-19 and prolonged construction-related loss of revenues tied to specific City-initiated projects.
Funding Information
Qualifying businesses may receive up to $35,000 in grant funding to help offset demonstrated losses in 2022 compared to 2021.This program was announced by the City in January and is being administered in partnership with LiftFund.
Eligibility Criteria
To be eligible, applicants 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 Jan. 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.
- 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.
- Be the majority owner of the business.
Funds received through this program may be applied to any of these approved business expenses; working capital, machinery and equipment, payroll/health care benefits, contract labor, supplier payments, rent/lease/mortgage payments tied to business property, utility payments tied to business property, and costs incurred due to critical business operations. They cannot be used to make distributions to owners/investors or to acquire new assets.
For more information, visit City of San Antonio.
