The Community Loan Fund of the Capital Region has a COVID-19 Small Business Continuity Grant Program that’s designed to help businesses keep their employees and stay afloat during a time of economic hardship due to the impacts of COVID-19. Businesses are encouraged to apply for this funding to help make payroll, to pay bills and to keep their operations going.
The grants are available to small businesses with a physical commercial storefront located or independent contractors or gig workers based in Albany County and the surrounding Capital Region. Under this program, small businesses are defined as retail, service provider, restaurant, independent contractor/gig and wholesale businesses with 50 full-time equivalent employees (FTEs) or less. Additional eligibility factors include the following:
- Eligible small businesses must have been in stable operation since January 1, 2020.
- Eligible applicants cannot have any outstanding tax liabilities, tax liens, or legal judgements.
- All applicants must show proof of seeking available Federal resources and provide evidence of all private and public assistance received.
- National chains or independent contractors working for national chains are not eligible under this program.
Visit their website to learn more and apply.