IE Business Daily Business news for the Inland Empire.
California is providing relief grants to small businesses that have been hurt by COVID-19.
The program provides $5,000 to $25,000 to eligible small businesses, including independent contractors and sole proprietors, according to the California Association of Realtors.
Grant amounts will be determined by a business’ yearly revenue:
- For annual revenue of $1,000 to $100,000, $5,000 will be made available.
- For annual revenue of $100,000 to $1,000,000, $15,000 will be made available.
- For annual revenue greater than $100,000 up to $2,500,000, $25,000 will be made available.
Not every business owner who applies for a loan will receive one, including some who meet all eligibility requirements.
The deadline for the first round of applications ends Friday. Dates for the second round of applications have not been announced.
Visit the California Small Business COVID-19 Relief Grant Program website for more information.
