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Small Business and Non-Profit Grant

The webinar can be viewed live via the City of Santa Fe's YouTube channel without registering for the event. 

para información en español ver aquí

 

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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 $15,000 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, to:

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

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:

HatchForm

Dreamspring

North Central New Mexico Economic Development Economic Development District (TBD grant page)

Support Organizations

Santa Fe Score

Santa FE SBDC

Receiving Updates on Program

For more information concerning this program and the eligibility requirements and required documentation please read below.

Qualified Expenses:

Eligibility Overview

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 cannot exceed 50 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 $2,000,000 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. If, applicaple, a copy of a Certificate of Good Standing for State of New Mexico (found here);
  2. A copy of Santa Fe City, County or Town of Edgewood business license;
  3. 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.
  4. 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. 
  5. 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. 
  6. 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 $15,000). (Spreadsheet found here)
  7. Unemployment insurance tax documentation for the fourth quarter of 2019.

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