Micro business loans here | star news

Microbusiness owners now have until July 15 to apply for San Diego County grants of $2,500 primarily funded by the California Office of the Small Business Advocate for a total of $4,175,000.

Grants are awarded with an emphasis on helping businesses led by individuals and groups who have historically encountered barriers to funding, including women, minorities, veterans, English language learners, owners businesses who live in low-income or rural areas and undocumented residents.

An equal number of applications are being approved in the county’s five supervisory districts.

To qualify for one of the micro-business grants, business owners who have been significantly impacted by COVID-19 must earn less than $50,000 per year and have had fewer than five full-time employees in 2019, 2020 and 2021.

In addition, the business must have been created before December 31, 2019, be currently in operation and be the main source of income for the owner.

Applicants will only be considered if they have not previously received a grant from the California Small Business COVID-19 Relief Grant program.

The county partners with the San Diego & Imperial Small Business Development Center Network through Southwestern College as well as the Asian Business Association of San Diego, East County Economic Development Council, Logan Heights Community Development Corporation, and South County Economic Development Council to help micro-enterprise owners. in the application for this grant.

In-person assistance is available in English and Spanish at the Logan Heights Community Development Corporation from 10 a.m. to 3:30 p.m. Mondays and Tuesdays, and Fridays from 9 a.m. to 1 p.m. at the East County Economic Development Council in El Cajon.
Individual support is also available through the SBDC center by appointment; more information is available at sdivsbdc.org/advising or by calling (619) 482-6391.

Micro business loans here