Who is eligible for the Shareholder Small Business Grant?

This grant offers direct assistance to shareholders whose small businesses have been impacted by the COVID-19 public health emergency.

Eligibility Criteria:

Shareholder-Owned Licensed Small businesses with an Employer Identification Number (EIN) – including C-corps, S-corps, Partnerships, LLCs, Nonprofits (501(c)3 501(c)6, and 501(c)19 organizations and sole proprietorships – impacted by COVID-19 that meet the following criteria:

  • Business was licensed and established before March 1, 2020;
  • Business has 50 or fewer full-time or equivalent employees;
  • Shareholder Commercial fishermen impacted by COVID-19 who held and fished a Limited Entry Permit or Interim Use Permit issued by the Commercial Fisheries Entry Commissioner (CFEC);
  • Can certify that they have experienced loss of income or suffered other financial hardship resulting from the COVID-19 public health emergency; and
  • The covered period for the experienced financial hardship is from March 1, 2020 through November 30, 2020.

Eligible Business Expenses include:

  • Payroll costs and expenses;
  • Payment of eligible expenses incurred during the eligible timeframe and charged to a credit card or charge account (a copy of the credit card or charge account statement is required for verification, and eligible expenses should be highlighted on the document);
  • Rent or mortgage payments for business facilities (unless otherwise waived by lessor/lender);
  • Utilities payments;
  • Purchase of personal protective equipment required by the business;
  • Business related equipment;
  • Expenses incurred to replenish inventory or other necessary re-opening expenses; and
  • Lost Revenue due to the COVID-19 public health emergency.

Required Documentation:

  • Completed and Signed Application
  • Completed Vendor Questionnaire Form

I submitted my application. When will I hear back?

Applicants will be notified of their award status within two weeks of application submission. If you are awarded funds, you should received them within two to four weeks of your application submission.

Who can I contact with questions?

For more information about our grant programs or application process, feel free to reach out to [INSERT EMAIL] or [INSERT PHONE].