Applications are now open for the CARES 4 Trumbull II Small Business Relief Fund for first-time grant recipients.
Donor Name: Trumbull County
State: Ohio
County: Trumbull County (OH)
Type of Grant: Grant
Deadline (mm/dd/yyyy): Ongoing
Grants Size: up to $10,000
Details
This American Rescue Plan Act Award relief program is to alleviate sudden and severe economic dislocation caused by the coronavirus (COVID-19) pandemic and to provide monetary relief from any business interruption or additional precautions required to reopen.
Funding Information
Each grant up to $10,000 will be awarded on a first come-first serve basis.
Eligibility Criteria
- Must show a revenue reduction of at least 25% on Tax Returns filed with the IRS from 2019 to 2020. This reduction is determined by the following:
- IRS Form 1120 or 1120S line 1.c.
- IRS Form 1065 line 1.c.
- IRS Form 1040, Schedule C line 1
- Must be a for-profit or not-for-profit entity with a location in Trumbull County.
- Have been operational since January of 2019. This can be evidenced, at a minimum, by: a) filing(s) with the Ohio Secretary of State, such as articles of incorporation other registration documents; b) an Ohio vendor’s license; c) Federal Schedule C – Profit or Loss of Business (Sole Proprietorship); or any other documents that demonstrate that the business has been in operation as a for-profit entity since January 2019.
- Have less than $1.5 million gross revenue/receipts on an annual basis as evidenced on tax returns.
- Have 50 or fewer employees or 1099 workers as of December 31, 2020.
- Must be able to attest that it is current with all federal, state, county and local taxes and fees.
- Must be able to attest that it is in good standing with all applicable government regulations.
- Must be able to attest that it is not currently in bankruptcy.
- Must be able to attest CARES 4 Trumbull II dollars will not be utilized for any expenses that the business has already received other federal assistance for in regard to lost revenue or expensesarising from the pandemic, including Paycheck Protection Program, Emergency Disaster Loan, etc.
- Businesses (and their associated holdings and accounts) may not be subject to any lien (other than current loans secured by real property), garnishment, attachment, forfeiture or other like collection effort that could jeopardize the intended purpose of the grant.
- Only ONE grant recipient per eligible SSN/EIN is allowed. (multiple locations only considered if different EIN)
For more information, visit Trumbull County.
