APPLICATIONS CLOSE AT 11:59 PM ON MAY 25, 2020
Iowa organizations are joining ranks to uplift the small business community throughout the entire state, starting the Iowa Small Business Relief Fund; in response to COVID-19. This alliance includes: The Director’s Council, Immigrant Entrepreneurs Summit, League of United Latin American Citizens - Iowa (LULAC Iowa), One Voice, Iowa State Extension, DREAM Iowa, Iowa Community Capital, Ethnic Minorites of Burma Advocacy Center (EMBARC Iowa), Des Moines Branch of the NAACP, Latino Resources of Iowa, Bosniak American Association of Iowa, and Financial Empowerment Center (DMACC).
Grant Allocation Range
Small businesses disrupted by COVID-19 with 1-7 employees that are not recipients of Federal and State Small business relief dollars.
To be eligible, businesses are required to:
· have 1-7 employees prior to March 17, 2020 or classify as a sole proprietor.
· be based in Iowa
· complete the online application
· provide a 3 month P & L statement/bank statements
· provide 2019 and 2020 Q1 revenue
Funds could be used for business expenses in including : *
· Delivery services
· Product packaging