La Verne Small Business Grants $5,000 – $10,000
for for-profit businesses with 1-25 employees
In May 2021 the U.S. Department of Treasury allocated funds from the American Rescue Plan Act of 2021 (ARPA) to the City of La Verne for COVID-19 response, relief, and reinvestment. The City is allocating up to one million dollars ($1,000,000) for the La Verne Small Business Rescue Grant Program.
The La Verne Small Business Rescue Grant Program will provide funding to small businesses needing financial assistance in overcoming the temporary loss of revenue due to the COVID-19 pandemic. All eligible businesses are invited to apply. Businesses which have previously received alternative sources of funding such as the Economic Injury Disaster Loan (EIDL) or Paycheck Protection Program (PPP) Loan are eligible to apply. The program is based on the availability of funds, program guidelines and submission of all required information and supporting documentation.
A partial list of eligible expenses is as follows:
- Rent or Mortgage Expenses
- Utility Bills
- Payroll Costs
- Hiring Bonus
- Façade Improvements
- Personal Protective Equipment (PPE)
- Expenses to enhance outdoor operations
- Updates to Employee Handbook
(Download the Guidelines below for complete details)
Applications will need to include the following documents:
- Completed Application
- Spending Plan
- Current City of La Verne Business License.
- The most recent monthly bank statement.
One of the Following documenting a revenue loss when comparing 2019 income to COVID-19 impacted income:
- 2019 Federal Tax Return and 2020 Federal Tax Return
- Bank statements from one full quarter in 2019 as compared to the same quarter in 2020 or 2021. The average monthly deposits from 2020 or 2021 and the average ending balance should be lower than the averages from 2019.
The University of La Verne SBDC is offering free one-on-one assistance to help you through the grant application step-by-step. Just sign-up for free consulting using the link below and the SBDC office will contact you to schedule an online meeting with one of their consultants.
*** Be sure to mention “La Verne Small Business Grant” in your application so they can get you to the right consultant as quickly as possible. ***
Please click the link below for download application. Email application and required documents to firstname.lastname@example.org, or deliver to La Verne Chamber of Commerce 2332 D Street, Unit E.