Application Window: March 31 – April 6 - VC Business Grants

[Pages:21]A P P L I C AT I O N WINDOW: MARCH 31 ? APRIL 6

How to Apply:Ventura County's Second Business Assistance Grant Program

PROGRAM KEY DATES

? Pre-Registration: March 24-30

? Create an account online ? Upload documents

? Application Window: March 31, 8am ? April 6, 6pm

? Fill out application online ? Submit your grant! ? Notification of grant eligibility within 3-6

weeks

ELIGIBILITY CRITERIA

? Must be negatively impacted by COVID-19

? Did NOT receive a $5,000 grant in the previous County of Ventura Business Assistance Grant program in 2020

? Must have a physical address and operate in Ventura County

? Established and opened prior to 2021

? Annual gross revenue between $25,000 and $2.5 million. For businesses that were established in 2020 and do not meet the minimum threshold of $ 25,000, gross revenue will be pro-rated.

? Currently operating or have a plan to re-open once the health orders allow

? Business or nonprofit organization with multiple entities, franchises, locations, etc. may not submit multiple applications.The organization may submit a single application for the location with the highest annual gross revenue.

? Business or nonprofit may submit only one application, regardless of the number of owners of the business

? Must be registered at and have a history of compliance with COVID-19 safety protocols

? Nonprofit organization must be a 501(c)(3), 501(c)(6), or 501(c)(19). Churches and other faith-based institutions may apply.

? Must have a business license with the appropriate jurisdiction within Ventura County (if applicable). (If business license is in process, that will be allowed)

INELIGIBLE BUSINESSES

? Lobbying Activities 50% or more

? No Gambling (Selling lottery tickets ok)

? Government entities or elected official offices

? Investors or investment companies (Schedule E)

? Real estate investment firms

? Speculative activities or trade

? Dealers of rare coins and stamps

? Pyramid sales plans, also known as multi-level marketing, where a participant's primary incentive is based on the sales made by an ever-increasing number of participants

? Illegal activities

? Owner is incarcerated, on parole or probation

? Financial such as banks and finance companies

? Cannabis-related businesses; liquor stores; and strip clubs

? "Affiliates" of businesses as defined in 13 C.F.R. ? 121.103.

? Organizations that do not otherwise meet the eligibility requirements

REQUIRED DOCUMENTATION

GOVERNMENT ISSUED PHOTO ID CARD

? Government Issued Photo ID (No US military ID cards. Must be a permanent document with photo.Temporary and/or paper documents are not accepted.)

? Driver's license from a U.S. state (Must be a permanent license with photo.Temporary and/or paper documents are not accepted.)

? State-issued photo ID ? U.S. passport ? U.S. passport card ? U.S. Permanent resident card (I-551) ? Foreign (non U.S.) passport

TAX RETURNS

? Tax Returns for 2019 or 2020 ? Sole-proprietors: Form 1040, Schedule C (1st Page) ? Corporations: Form 1120 and Form 1120-S (1st Page) ? Partnerships: Form 1065 (1st Page) ? Non-Profits: Form 990 (1st page), Form 990EZ (First and Last page) or Form 990PF (First and Last page) ? Churches or other nonprofit organizations legally exempt from filing tax documents: Profit and Loss Statement from the most recent completed fiscal year

? Draft returns are accepted for business formed in 2020. ? For businesses that were established in 2020 and do not meet the

minimum threshold of $ 25,000, gross revenue will be pro-rated.

PROOF OF PHYSICAL ADDRESS WITHIN VENTURA COUNTY

? Proof of physical address within Ventura County (Select ONE)

? Business License ? preferred *if you have it, upload it. ? Fictitious Name Statement ? Certificate of Organization ? Articles of Incorporation ? Utility Bill in name of business (dated in 2020) ? State of California Seller's Permit

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