Small businesses suffering as a result of coronavirus impacts can soon get some much needed help in the form of grants from a new Bucks County run program.
As Lower Bucks Source reported last week, Bucks County received 6 million in funds from the $2 trillion federal CARES Act signed into law.
The Bucks County Board of Commissioners allocated that $6 million to establish the Bucks Back to Work Small Business Grant program it was announced Monday.
This grant program provides up to $25,000 or 25% of annual operating expenses, whichever is lower, in funding to Bucks County’s small businesses and sole proprietors that have been economically impacted by COVID-19.
Applications for the program will only be accepted on May Tuesday May 26 from 5 a.m. to 9 p.m. County officials recommend submitting applications digitally but you can also submit a paper applications at the administration building 55 Court Street, Doylestown from 1o a.m. to 4 p.m. Mail in applications are not being accepted.
Applications will be made available on the Bucks County COVID-19 portal and must be completed in its entirety.
The Grants will not have to be paid back officials said on Monday. Small businesses with less than 49 employees earning less than $750.000 are eligible to apply, Commissioner Bob Harvie said.
Funds can be used to cover working capital costs necessary to maintaining a business during the COVID-19
disruption. Examples of usage include: Payroll. rent- mortgage supplies and other operating expenses grantees will have to document.
There is no application fee, county officials said, anticipating more granting opportunities in the future, applications will be kept on file to streamline future small business supportive measures.
For additional information about the program or applying for a grant please click here. Up to 240 Bucks County small businesses can be helped by this round of funding at $25 k per grant. Notification of grant approval, officials say, is expected to take no more than 10 days.