La Verne Small Business Grants up to $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.
Applications Open April 21, 2022 10:00 am PST
The SBDC hosted a webinar to explain the program and cover the following topics:
- Eligible expenses
- Documentation required
- Application process
- Eligibility requirements
- For-profit business and physically located in La Verne.
- The business must be located in a commercial or industrial space.
- The business must have an active La Verne business license since June 2020.
- At least one employee and no more than twenty-five (25) full-time equivalent employees.
- The business must have experienced mandatory shutdown or demonstratable effects of business operations.
- The business applicant must be able to document that it experienced financial hardship due to COVID-19.
- If applicable, the business must have submitted all required documents to the City for previous CDBG Grant program.
- The business must submit the application, and all required supporting documentation.
- For replacement of revenue request, amount requested (up to $10,000) cannot exceed the verified amount of lost revenue.
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
Applications will need to include the following documents:
Applicants may submit one or both of the following:
- 2019 Federal Tax Return and 2020 or 2021 Federal Tax Return documenting a revenue loss
- Spending Plan or invoices or billing statements documenting expenses
*Only .PDF files accepted
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. ***
Frequently Asked Questions
I am a sole proprietor, am I eligible?
Sole proprietor counts as 1 employee.
The business must have at least one employee and no more than twenty-five (25) full-time equivalent employees (two part-time employees equal one full-time employee).
My business opened in 2020, am I eligible?
The business must have an active La Verne business license since June 2020; if license is not current then business agrees to bring it current as a condition of grant approval.
Do I have to be a La Verne Chamber Member to apply?
The business does not need to be a Chamber member.
I have a short term home rental (Airbnb, vrbo) am I eligible?
Residential or real estate projects including short-term rental operators landlords and Home occupation businesses are not eligible.
I received PPP/EIDL, other grant funding, am I eligible?
Yes you are eligible. You cannot claim expenses that were recovered through any other local, state or federal funding programs, (i.e. CARES Act, State unemployment funds, CDBG Grant Program)
Are home based businesses eligible?
No. The business must be located in a commercial or industrial space. Home occupation businesses are not eligible.
Where can I get my required documents scanned?
The Chamber has a partnership with Staples® to offer scanning service at a discount. Additionally, if you own a smart phone Adobe Scan® is a free for both iPhone and Android- https://www.adobe.com/acrobat/mobile/scanner-app.html
What documents do I need to submit to apply?
Applications will need to include the following documents:
- Completed Application
- Spending Plan
- Current City of La Verne Business License
Applicants may submit the following documenting a revenue loss when comparing 2019 income to COVID-19 impacted income:
2019 Federal Tax Return and 2020 or 2021 Federal Tax Return
When will applications be accepted?
Applications will begin to be accepted on April 21, 2022 at 10:00am PST. At that time, an application portal button will be added to the website and applications will continue to be accepted until available funding has been exhausted.
How can I apply?
Applicants are encouraged to apply online to expedite the application process, however, paper applications will also be accepted at the La Verne Chamber of Commerce Office during regular business hours (Monday-Thursday 10AM – 4PM & Friday 10AM – 2PM).
If I need help, who can help me in applying for the Small Business Rescue Program?
The University of La Verne Small Business Development Center program is offering free one-on-one consulting to assist small business owners through the application process. To meet with an small business advisor, sign-up here (www.lavernesbdc.org/newclient) and the SBDC will contact you to schedule a mutually convenient time to meet with an advisor.
What are the eligible costs for which I can use the grant funds?
Eligible uses include working capital to cover the day-to-day business operating expenses such as rent/lease payments, mortgage payments, payroll and benefit costs, utility expenses, or expenses related to COVID-19 such as Personal Protection Equipment (PPE) or expenses incurred to adopt safer operating procedures.
How will I know if my application has been accepted and approved or denied?
After you apply online, you’ll receive a confirmation message via email letting you know that your application has been received. Once your application has been reviewed, you will receive a second notification letting you know if your application has been approved (recommended for funding) or denied.
I do not own a computer. How can I apply?
The grant application website is mobile-friendly. However, we strongly recommend using Google Chrome on a computer for optimal experience. If using a mobile device, you may need to use cloud storage app (i.e. – icloud, onedrive, adobe scan) to upload your scanned PDF documents to the application via your mobile device.
Are non-profits eligible to apply?
Non-profit businesses are not eligible for the City of La Verne Small Business Rescue Grant Program.
Will everyone who applies receive a grant?
No. There is a limited amount of funding and grants will be distributed on a first-come first-serve basis for all eligible applications.
Do I have to pay taxes on the grant proceeds?
Yes, you will receive tax information related to the grant proceeds, which you will need to report on your tax returns. Please consult with a tax professional for additional information.
How will grant funds be disbursed?
Grant funds will be issued via check from the City of La Verne.