Apply for the ABASD Small Business Relief Grant

In partnership with The San Diego Foundation, we are proud to announce the latest funding opportunity from the San Diego COVID-19 Community Response Fund, which will focus primarily on small businesses most affected by the coronavirus crisis.

 

Grant Criteria

  1. Applicant must be headquartered and operating in San Diego County

  2. Been impacted due to COVID-19 Regional Stay Home Order

  3. Fewer than (100) employees, including sole proprietorships and independent contractors

  4. Have been in business as of February 14, 2020 

  5. Have experienced financial hardship as a result of COVID-19 and can demonstrate based on financial statements 

 

Grant Priorities

  1. Businesses heavily impacted by COVID-19 Regional Stay Home Order

  2. Small disadvantaged businesses, minority, women, or veteran-owned businesses

  3. Businesses with $100,000 or less in annual revenue for 2019 

 

Ineligible Businesses

  1. Businesses without a physical location in San Diego County 

  2. Nonprofit businesses 

  3. Government entities (other than Native American tribes) or elected official offices

  4. Businesses primarily engaged in political or lobbying activities (regardless of whether such entities qualify as a 501(c)(3), 501(c)(19), or 501(c)(6)) 

  5. Passive businesses, investment companies and investors who file a Schedule E on their personal tax returns 

  6. Churches and other religious institutions (regardless of whether such entities qualify as a 501(c)(3), 501(c)(19), or 501(c)(6)

  7. Financial businesses primarily engaged in the business of lending, such as banks, finance companies and factoring companies

  8. Businesses engaged in any activity that is illegal under federal, state or local law

  9. Businesses of a prurient sexual nature, including businesses which present live performances of a prurient sexual nature and businesses which derive directly or indirectly more than de minimis gross revenue through the sale of products or services, or the presentation of any depictions or displays, of a prurient sexual nature

  10. Businesses engaged in any socially undesirable activity or activity that may be considered predatory in nature such as rent-to-own businesses and check cashing businesses

  11. Businesses that restrict patronage for any reason other than capacity

  12. Speculative businesses

  13. Businesses of which any owner of greater than 10% of the equity interest in it (i) has within the prior three-years been convicted of or had a civil judgment rendered against such owner, or has had commenced any form of parole or probation (including probation before judgment), for commission of fraud or a criminal offense in connection with obtaining, attempting to obtain, or performing a public (federal, state or local) transaction or contract under a public transaction; violation of federal or state anti-trust or procurement statutes or commission of embezzlement, theft, forgery, bribery, falsification or destruction of records, making false statements, or receiving stolen property, or (ii) is presently indicted for or otherwise criminally or civilly charged by a government entity, (federal, state or local) with commission of any of the offenses enumerated in subparagraph (i) above 

  14. “Affiliated” companies (as such term is defined in 13 C.F.R. § 121.103)

  15. Multiple business entities, franchises, locations, etc. are not eligible for multiple grants and are only allowed to apply once using their eligible small business with the highest revenue

 

Before you start the application, you will need:

  • Business license (for businesses located in incorporated jurisdictions) 

  • Prior year tax return (2018 or 2019) 

  • 2019 annual financial statements

  • 2020 Q1 and 2020 Q2 financial statements 

  • W9 Form 

For questions, please email grants@abasd.org

 

Deadline: February 1, 2020 at 11:59PM (PST)

Ready to apply?

This program was made possible thanks to grant support from

The San Diego Foundation.

A trusted leader driven to spark change.

Asian Business Association
San Diego

Serving all of San Diego County

7675 Dagget Street, Suite 340
San Diego, CA 92111
Phone (858) 277-2822
Fax (858) 277-2622

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ABASD believes in building sustainable communities through inclusive economic development and a qualified diverse workforce. ABASD accomplishes this through educational workshops, technical assistance, business mentorship, advocacy and access to capital to Asian Pacific Islander owned small businesses throughout San Diego County.

Funding provided in part by the County of San Diego and the City of San Diego.

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