Small Business Micro Grant
Potential Maximum Grant: Up to $2,000
Grant Application Period: (Approx. 4 weeks) October 12-November 9th
- Individual business grant to pay for small business losses and expenses causally related to the COVID-19 pandemic or its effects. Applicants may submit for a grant amount of up to $2,000.
- Eligible grantees may be awarded funds in multiple disbursement rounds with an initial funding target of up to $1,000. The maximum amount of funding disbursed with any grant will be dependent on the number of applicants, and the total availability of funds, until such funds are exhausted.
- At no point will the individual business receive grant funding that exceeds the actual loss amount demonstrated.
- The grant is designed to assist small businesses and to assist individual contractors such as food truck operators, small LLC’s, at-home businesses, and other non-brick-and-mortar businesses that have experienced losses related to the COVID-19 pandemic.
Minimum Eligibility Requirements:
- Applicant business must be a registered business (possessing a business tax receipt) in Okaloosa County, physically doing business in Okaloosa County as of March 1st, 2020 and currently meeting the same criteria.
- Business must employ 10 employees or less.
- Must be a for-profit business with a principal address in Okaloosa County (as reported to the Florida Department of State, Division of Corporations, i.e. “Sunbiz” or other suitable documentation if not required to be registered with the State of Florida), show proof of operations as of March 1, 2020, and be operational as of date of grant application.
- Applicant business cannot be publicly traded or a component of publicly traded entity.
- Applicant business must be current on all County taxes.
- Applicant business must have no current unpaid code enforcement or County tax liens or pending charged violations of federal, state, or local laws/ordinances.
- Applicant business must have been impacted by full or partial closure (whether voluntary or due to government order) or reduction of hours of operation due to COVID-19.
- Within the last five (5) years, no individual owning 20% or more of the equity of the business has been convicted of any felony, pled guilty, or pled nolo contendere to any felony involving fraud, bribery, embezzlement, or a false statement in a loan application or an application for federal financial assistance.
- Neither the business nor any individual owning 20% or more of the equity of the business is presently suspended, debarred, proposed for debarment, declared ineligible, or involuntarily excluded from participation in any Federal program, or presently involved in any bankruptcy.
- If the business previously received funding from an earlier County or City business grant program i.e. (Small Business COVID-19 Recovery Grant), it will not preclude the business from receiving grant funding through this program.
- Owner must submit at least two (2) of the following to prove residency in Okaloosa County:
- Driver’s License
- State ID
- Homestead exemption
- Voter Registration
- Rental lease agreement
- Okaloosa Business Tax Receipt
- IRS Tax form 941 (employer’s quarterly form showing number of employees., if applicable. Sole proprietors are not required to submit this form.)
- Applicant must satisfactorily demonstrate a business loss through documentation/receipts. Documentation must show that expense(s):
- Were COVID-19 related.
- Expenses were/are equal to or greater than the grant amount requested.
- Expenditures occurred between March 1, 2020, and November 30, 2020.
- Applicant must provide attestation that applicant business did not receive funds from another funding source for same purpose (business loss or expenses).
- Applicant must disclose in grant application any local, state, federal or private funding because of COVID-19 applied for, pending, or approved for, and amount(s).
Have questions about an Assistance Program or application? Visit the FAQ page to find more information.