Today, June 30th, Gwinnett County Small Business Assistance Program has begun accepting applications for $20 million in federal CARES Act grants and loans from for-profit businesses hurt by the pandemic.
The funds are intended to help businesses reopen their doors with such needs as deep cleaning facilities, modifying facilities to accommodate ongoing social distancing, restocking inventory, marketing to their clients, and/or paying staff in advance of reopening and achieving revenue.
The $10 million in grants will be administered by the Gwinnett Community Development Program, and the $10 million in loans will be handled by Access to Capital for Entrepreneurs Inc., a federally certified Community Development Financial Institution.
Applicants for the loans need to be businesses with more than two years in operation with up to 500 employees, active Georgia Secretary of State filings and organizational documents in good standing.
Those interested in applying for grants and loans should visit the Small Business Assistance Program page at GwinnettCounty.com to learn about required documentation in advance of the applications being posted. Applications will be released at noon Tuesday at the Small Business Assistance Program page at gcga.us/SmallBizAssist.