The City of East Point has announced the Small Business Grant Program funded through the American Rescue Plan Act (ARPA) in response to the financial challenges presented by the COVID- 19 pandemic.
Donor Name: City of East Point
State: Georgia
City: East Point
Type of Grant: Grant
Deadline: 06/24/2022
Details:
Funding
- Funds may be used for operational costs (payroll, rent, mortgage, utility) and COVID mitigation costs (additional outside seating, partitions, etc.)
- Program period/ expenditure timeframe is one year from date of application approval
- During the program period, proof of payment must be submitted to document eligible use of grant funds
- The recipient will be required to certify that the City’s assistance is not duplicative of any other funding
Eligibility Criteria
- Must be located within the city limits of East Point
- Must have an EIN or Tax ID number (Proof from IRS)
- Current City of East Point business license
- Must show a financial loss due to Covid- 19
- Business is in good standing with City of East Point
- Must provide copies of 2-3 years of financial reports (income statements, balance sheets, tax returns, etc.)
- Have nine or less employees
Grant Application Required Documents
- Copy of current business license
- Copy of Certificate of Organization or business document issued by the State of Georgia
- Summary of financial condition of business before March 1, 2020
- Summary income statements and balance sheets from January 2020- current
- Statement of how grant funds will benefit your business; how funds will be used.
- Statement of hardship: (i) summary of changes in business operation due to restrictions caused by COVID- 19, (ii) an explanation of changes in the financial performance of the business due to COVID-19 (e.g., describe how revenue has been impacted), and (iii) a description of any material defaults or notices from existing creditors.
- List of other relief assistance sought by business;
*Relief assistance includes, but is not limited to, mortgage modification, rent concessions, and financial assistance from the Small Business Association (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act through either the Payment Protection Program (PPP) and/or Economic Injury Disaster Grant (EIDL)
For more information, visit City of East Point.
