The third round of applications for the business assistance grant will open on Wednesday, September 16, and run through October 30, or until funds are exhausted. Expanded eligibility in round three includes recipients of Paycheck Protection Program (PPP) loans of $75,000 and under.
Eligible businesses for the business assistance grant include private for-profit businesses that have experienced financial hardship as a result of COVID-19, businesses with less than 50 employees, and those operating for a minimum of one year as of March 1, 2020. Sole proprietors and businesses that received the SBA Economic Injury Disaster Loan (EIDL) or advance are also eligible.
More than $30 million has been awarded to more than 3,000 Riverside County small businesses through the COVID-19 business assistance grant program. The program was approved by the County of Riverside Board of Supervisors June 2 using $45 million in Coronavirus Aid, Relief, and Economic Security Act (CARES) grant funding to aid small businesses enduring hardships due to the coronavirus pandemic.
For more information, visit www.rivcobizhelp.org, call 951-955-0493, or email [email protected].
