COVID-19 Small Business Grant Program - Restaurant Only

BACKGROUND

Rowan County received grant monies from the Coronavirus Relief Fund. 

“Nonexclusive examples of eligible expenditures 5. Expenses associated with the provision of economic support in connection with the COVID-19 public health emergency such as”

Eligible expenses excerpt

*The above excerpt can be located on page 4 of the “Coronavirus Relief Fund Guidance for State, Territorial, Local, and Tribal Governments Updated September 2, 2020”

GOALS

To provide grants to small businesses “Restaurants only” to reimburse the cost of business interruption caused by required closures.

FUNDING

Rowan County will provide up to $250,000 in funds for this program ($225,000 in grants and $25,000 in administrative fees). This funding will be distributed on a first come, first serve basis for eligible small businesses that submit a “Completed” application and follow all the written directions on the application. McGill Associates has the discretion to define or determine what constitutes a completed application if there are technical errors and / or mistakes that are not substantial. 

Applications will be accepted online and in person at 130 West Innes Street, Salisbury, NC 28144 on the second floor starting March 1, 2021 at 12 noon through April 15, 2021 at 5pm. Each application will be electronically or manually time stamped.

ADMINISTRATION

Rowan County will contract with McGill Associates to administer the grant allocations for a fee.

  • The County will build out the website application and assist McGill Associates.
  • The County will provide the applications based on a first come, first serve basis with an electronic or manual timestamp.

McGill Associates will be responsible for screening the applications, verifying the information and collecting required documentation.

ELIGIBILITY

GRANT PARAMETERS

The small business must have at least 26 full-time employees to receive $5,000.

REQUIREMENTS

  • Shall be a For-profit business with a Brick-and-Mortar address located in Rowan County, North Carolina.
    • A Secretary of State ID is required unless the business is a sole proprietor that does not operate under an assumed name. If the sole proprietor currently operates under an assumed name without a Secretary of State ID, they must file a Certificate of Assumed Business Name at the Rowan County Register of Deeds in person. A copy of the recorded form and receipt can be substituted for the requirement of a Secretary of State ID
    • Business located on or associated with the primary residence parcel are excluded.
  • Franchises are only eligible if the franchisor is independent and locally owned.
  • Shall have been in business on or before December 31, 2019.
  • The business must be a restaurant that is currently open to the public and operating an in person onsite dining facility. A business that is not a restaurant is not eligible.
  • Only one restaurant can qualify even if the owner has several locations within Rowan County.
  • If the owner has locations outside of Rowan County, the Rowan County location must account for more than 50% of its total number of employees or 50% of its gross sales.
  • The restaurant will not be eligible for the $5,000 if the restaurant received $5,000 during the 2020 “Rowan County COVID-19 Small Business Grant Program”.
  • Business will not be eligible if they meet any of the following:
    • Business has filed for bankruptcy anytime in the last 3 years.
    • Business has delinquent Rowan County property taxes. However, if a business pays delinquent taxes before April 15, 2021 the business will be eligible.
    • Non-profits.
    • Business is not operational.

USE OF FUNDS

Funds may be used for legitimate business expenses. This includes but is not limited to working capital, lease payments, existing real estate and equipment financing payments and payroll.

DOCUMENTATION

  • Grant Request Application
  • 2019 Tax return
  • IRS Form 941 or Equivalent (Payroll)
  • W9 Form
  • Any privilege state, federal, or local operating license required to perform their business
  • Certification Form for receipt of grant funds (if approved)
  • Secretary of State Identification Number with exceptions listed in II. Eligibility, B. Requirements, 1(A)

ADDITIONAL GUIDELINES

If applicant is selected and fills out the application correctly, they will receive an email or phone call notifying them they were selected. Applicants will have approximately 30 days to respond to McGill Associates to begin providing information in Section D. All required information shall be received no later than April 15, 2021 at 5pm in order to process checks. Failure to provide documentation by April 15, 2021 will disqualify the business for the grant.

McGill Associates shall have the discretion to make exceptions if the application was not completed correctly due to a technical problem.