In partnership with the Orange County Small Business Development Center (SBDC), the City of La Palma has created a Small Business Emergency Grant Program to provide funding to small businesses needing financial assistance in overcoming the temporary loss of revenue due to the COVID-19 outbreak.
Small businesses may be eligible to receive a grant of $7,500.
The grant may be used for working capital to cover the day-to-day business operating expenses such as payroll, rent/lease payments, mortgage payments, utility expenses, inventory, Personal Protection Equipment (PPE), or other similar expenses that occur in the ordinary course of operations.
The application period has ended.
The City of La Palma and the SBDC conducted two webinars (on July 6 and July 7) prior to the opening of the application period for the Small Business Grant Program that outlined the program, the application, and additional documents needed to respond.
To be eligible to apply for the Small Business Emergency Grant Program, a business must meet certain criteria that has been established by the City of La Palma and both the CARES Act and the U.S. Department of Treasury for activities utilizing funds. The business must also demonstrate the need for financial support resulting from the temporary loss of revenue due to the impact of COVID-19. The business applicant must meet the following minimum requirements to be considered for grant funding:
If the number of applications far exceeds the amount of funding that is available for disbursement, the City will implement a lottery system for all eligible small businesses. Once applications and eligibility have been approved, they will be assigned a number and entered into a lottery.
Upon pre-approval and selection, SBDC shall request of the applicant all required documentation for review and verification for grant approval. Documentation will be submitted directly to SBDC. If the grant request meets the criteria for program funding all required documentation must submitted within ten (10) business days of awardee notification.
For additional information regarding the Small Business Emergency Grant Program, please contact the following:
City of La Palma
For questions about the guidelines and application or assistance in completing the Small Business Emergency Grant application and to set up a one-on-one consultation (at no cost), please contact the Small Business Development Center at:
Orange County/ Inland Empire SBDC Network
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