Small Businesses: Apply Now for Funding $50,000
Katharine Gulyamova on
May 06, 2020
Small Business Continuity Fund
Applications for the Small Business Continuity Fund (SBCF) loan and grant program are now being accepted through May 11, 2020!
The SBCF program is available to low-to-moderate (LMI) microenterprise business owners (5 or fewer employees) or small businesses with 50 or fewer employees that retain LMI workers. Businesses must be located in the City of Dallas. Businesses can apply for either a $10,000 maximum grant or a $50,000 maximum loan, but may not apply for both.
Businesses must demonstrate at least a 25% reduction in sales/revenue as a result of the COVID-19 virus. The program is funded through the U.S. Department of Housing and Urban Development's (HUD) Community Development Block Grant (CDBG) funding, and due to CDBG program requirements, non-profits are not eligible for this funding.
After May 11th, a lottery will be conducted to select businesses for funding. Businesses must submit a complete application to be eligible for selection in the lottery, and must be able to provide complete documentation to a third party provider prior to the execution of a grant or loan.
Frequently Asked Questions
Fill out your application for EITHER:
The SBCF Grant up to $10,000
The SBCF Loan up to $50,000