SUPPORT THIS INDEPENDENT JOURNALISM
The article you’re about to read is from our reporters doing their important work — investigating, researching, and writing their stories. We want to provide informative and inspirational stories that connect you to the people, issues and opportunities within our community. Journalism requires lots of resources. Today, our business model has been interrupted by the pandemic; the vast majority of our advertisers’ businesses have been impacted. That’s why The Capistrano Dispatch is now turning to you for financial support. Learn more about our new Insider’s program here. Thank you.
Lillian Boyd, The Capistrano Dispatch
The application process for California small businesses in need of relief begins at 6 a.m. on Wednesday, Dec. 30, and closes Jan. 8.
The state announced the assistance package that includes $500 million in grant funding for small businesses and nonprofits affected by COVID-19, and the associated health and safety restrictions. The California Office of the Small Business Advocate (CalOSBA) will administer the program.
The Dana Point Chamber of Commerce recommends that businesses take time in researching an organization to apply through. Applicants are instructed to pick one that best suits the business’s needs. Organizations include the Asian Business Association, the California Association for Microenterprise Opportunity (CAMEO), the California Association of Nonprofits, California Small Business Development Center, CA Women’s Business Center Network, CDC Small Business Finance and The Center of Lendistry.
Applicants who submitted their application and submitted all documentation in the first round do not need to reapply; qualified applications will be automatically rolled over into the next funding round for consideration.
There will be a second round for awarding businesses with grant funding but the application window of dates has yet to be determined.
The amount of grant funding ranges from $5,000 to $25,000. Businesses are eligible based on their annual revenue as documented in their most recent tax return. Applicants will need their application certification, business financial information and government-issued identification.
The State has also announced additional assistance available, including Tax Relief, as well as Recovery Loans through the California Rebuilding Fund.