Mono County List Some Business Funding Opportunities For Everyone, Post Covid
Funding Available for Energy Efficient Refrigeration!
The High Sierra Energy Foundation has available funding through the CA Department of Food & Agriculture (CDFA) Healthy Refrigeration Grant Program to fund energy efficient refrigeration/climate-friendly refrigerant units in corner stores and small businesses in low-income or low-access areas (All of Mono County) to stock California-grown fresh produce, nuts and minimally processed foods. If you are interested in learning more, please contact Pam Bold at [email protected]. Restrictions apply and funding is on a first-come, first-served and limited basis.
California Rebuilding Fund – $56.5 Million in Funding Available to Help State’s Smallest Businesses Build Back From COVID-19 Pandemic.
The California Rebuilding Fund is a loan program to support California’s small businesses—especially those located in economically disadvantaged and historically under-banked areas of the state. Businesses who employed 50 or less full-time equivalent employees (FTEs) and had gross revenues of less than $5 million or below in 2019 are eligible to apply. Full eligibility requirements are included in the Business Requirements tab.
The loans are flexible, transparent and are designed to help businesses access the capital and advisory services they need to get through these challenging economic times.
To fill out a pre-application and match with a participating community lender, please click here.
Please note, this program is not associated with the federal Paycheck Protection Program (PPP) or any other SBA program. The loans are not forgivable in part or whole. The loans will need to be paid back over a 3- or 5-year term with a fixed annual interest rate that is currently 4.25%.
Full Details at: https://www.connect2capital.com/p/californiarebuildingfund/
Employee Retention Tax Credit – STILL AVAILBLE
Eligible employers can now claim a refundable tax credit against the employer share of Social Security tax equal to 70% of the qualified wages they pay to employees after December 31, 2020, through June 30, 2021. Qualified wages are limited to $10,000 per employee per calendar quarter in 2021. Thus, the maximum ERC amount available is $7,000 per employee per calendar quarter, for a total of $14,000 in 2021.
How to Claim the Employee Retention Credit: https://www.irs.gov/newsroom/covid-19-related-employee-retention-credits-how-to-claim-the-employee-retention-credit-faqs