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Small Business and Non-Profit Grant

the Small Business and Non-Profit GRant Has concluded.

There were not enough funds for all qualifying applicants. If CARES Act funds open again, applicants in the queue will be prioritized. 

 

Summary 

Total Business and Organizations Awarded: 168

Total Dollars Awarded: $3,659,704.04

Average Award Amount: $21,783.95

Highest Award: $25.000

Lowest Award: $2,262.95

Total Amount of businesses denied due to lack of available funding: 232

 Approximate amount of businesses denied due to ineligibility: 40

Applicants & Quantity


 

The Small Business & Non-Profit Grant Webinar can be viewed at
City of Santa Fe's YouTube channel. 

Here is the accompanying deck used in the webinar.

Para información en español haga clic aquí.

Join us every Tuesday & Thursday from here 'til mid-December for an open Q&A session at 5 PM via Zoom. Tuesdays are in English and Thursdays are in Spanish. 

If your business or non-profit organization was previously awarded or if you previously applied for $15,000, a representative from Santa Fe County will be reaching out to amend your application.

About

Santa Fe County, The City of Santa Fe and Town of Edgewood are providing CARES ACT emergency financial support through the Small Business and Non-profit Stabilization Grant program for qualifying businesses and non-profits to assist with costs associated with business interruption caused by COVID-19 and the resulting public health orders.

This program is offering one-time grants up to $25,000 to qualifying small businesses and non-profits to cover a variety of reimbursable costs that have been brought about due to COVID-19. Funding is limited and offered on a first come, first serve basis. 

Starting on October 9th applications will be available and accepted through our partnering vendors. Details about which vendors are participating in the program will be announced on, or before, October 9th through our newsletter and this page. To learn more about how to begin preparing for this opportunity please read the sections below. 

Applications are Now Open

Applications for the Small Business and Non-profit Stabilization Grant Program are now open! Click here to download the application. Please visit one of our partnering agencies, by clicking on their logos below. 

Frequently Asked Questions

Overview of Steps

  1. determine elgibility
  2. download the application in English; or in Spanish
  3. receive technical assistance from our vendor and/or support organizations in completing the application;
  4. submit the application and supporting documents

Applications can be recieved via our vendor partners. Vendors manage applications to ensure they are complete. Support organizations can help get your application ready and then streamline your referral to a vendor. 

Vendors:

Dream Spring

 

North Central New Mexico Economic Development Economic Development District 

Support Organizations

Santa Fe Score

Santa FE SBDC

Qualified Expenses:

Eligibility Overview

Updates:

New guidance from the New Mexico Department of Finance Administration has deemed businesses with no employees as eligible to apply for the grant funding.

Small Businesses and nonprofits that are eligible for the Small Business and Nonprofit Stabilization Grant Funding must:

  • Possess a current Santa Fe County, and/or City of Santa Fe, and/or Town of Edgewood Business License   (Businesses or Nonprofits in the City of Española must apply to the City of Española for Grant Funding);
  • Have a principal business address that is registered and located within Santa Fe County;
  • Employ a minimum of 1 employee and up to 100 employees (sole proprietorships qualify);
  • Demonstrate a reduction of at least 25% in revenues due to COVID-19;
  • Have incured, or will incur, documented expenses for grant between March 1 and December 30, 2020;
  • Have been in business since, or prior to, March 1, 2019;
  • Revenues of business or non-profit must not exceed $5,000,000 prior to impact of COVID-19;
  • If nonprofit, received its 501(C)(3) designation prior to March 1, 2019 and have audited financials and be determined to be in good financial standing;
  • If non-profit, the organization must have no part of its net earnings going to benefit any member, founder, contributor or individual;
  • Be current on all New Mexico State Taxes;
  • Agree to provide a report about the use and results of the grant funds sixty (60) days after receipt of award letter.
  • Agree to explore and review business counseling for financial and business continuity planning with entrepreneurial support organizations (ESOs).

What's Next?!

All interested applicants who meet the eligibility requirements listed above should begin to prepare and locate the following documents that will be required to apply for the funding and can be reviewed with vendors and support organizations:

  1. New Mexico Tax ID Number and proof of compliance with NM Tax and Rev (https://tap.state.nm.us/tap/_/#7);
     Once on the NM Tax and Rev. website click "Check CRS Status" and fill out the form.
  2. If, applicaple, a copy of a Certificate of Good Standing for State of New Mexico (found here);
  3. A copy of Santa Fe City, County or Town of Edgewood business license;
  4. Unaudited (or audited) financial statements for the purpose of demonstrating revenue decrease due to COVID-19:
    1. 2019 and 2020 Q1 and Q2 Profit and Loss, cash flow statements, and balance sheet; 
    2. And, ES903A Form (this is the reporting form for workforce solutions) or completed payroll spreadsheet showing number of employees, hourly wage, and employment status (full or part time) for precious three (3) quarters);
    3. And, copies of most recent Federal and State Tax Returns (preferably FY 2018 & 2019) or equivalent (Form 990 for non-profits); if you have filed for an extension please see the "equivalent" document which will serve as an alternative.
  5. Business and non-profit owners/executives must submit a copy of personal identification (e.g. driver's license) and proof of most recent address for identity fraud prevention measures. 
  6. If a non-profit, a 501(c)(3) designation form, most recent audited financial statements, current list of board members; current and previous year organizational budget including all sources and uses of funds. 
  7. Gather receipts and complete the spreadsheet for the requested eligible business continuity (including payroll) and redesign expenses you wish to receive funding for (up to $25,000). (Spreadsheet found here)
  8. Unemployment insurance tax documentation for the fourth quarter of 2019
para información en español ver aquí

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