ABILENE, TX — Small businesses in Abilene have until April 26 to apply for the first round of funding from the COVID-19 Small Business Grant Program.
“These grants are for businesses grossing $750k/year or less and with a low-to-moderate income owner and/or employees,” said Megan Dobbs, the Marketing & Communications Director Community Foundation of Abilene.
April 26 at noon is the deadline to submit the eligibility assessment for round one of the grants.
The Community Foundation of Abilene is in charge of awarding the grants.
The program is funded through a grant to the City of Abilene from the U.S. Department of Housing and Urban Development.
- Funds are available for Abilene businesses grossing 750k/year or less and with low-to-moderate income owners and/or employees.
- The business must have been in operation as of March 16, 2019, and show a loss of revenue due to COVID-19.
- This is not a loan! These funds are grants, which means qualifying businesses receive funds without adding debt.
- If a business received PPP or EIDL funds, this does not disqualify them from applying.
- Funds can be spent on: overhead expenses, payroll (some exclusions), rent, utilities, necessary equipment to continue business operations, among others. Applicants will be notified of awards by May 10th. If a business still has questions about eligibility after reviewing the guidelines, they should contact the Community Foundation of Abilene at 325-676-3883. There may be more rounds of funding, depending on how much is awarded during the first round.
