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$79 million in CARES Act funding open to Greenville businesses

Banking & Finance
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Greenville County opened the door to $70 million in stimulus funding for Greenville businesses on July 6.

Minority small businesses and public health providers also can apply for grants from respective $5 million and $4 million funding pools.

Eligible companies for the first wave of small business funding include small businesses with up to 50 employees that did not receive Paycheck Protection Program loans, Economic Injury Disaster Loans or Small Business Administration Debt Relief assistance under the Coronavirus Aid, Relief and Economic Security Act, according to a news release.

Grants from the $70 million small business fund will be distributed on a first-come, first-served basis to eligible applicants, and can be used to offset the expense of reopening a small busines while installing public health measures that halt spread of COVID-19, according to the fund website. Expenses can include new equipment, supplies, building or equipment modification and new operation procedures or processes.

Applicants for minority business grants must be at least 51% owned by socially or economically disadvantaged individuals and employ a maximum of 50 people.

Public health grants can be used to help cover expenses for expanded meal delivery, patient care and testing, convalescent care, homeless assistance, food pantries, mental health and drug or alcohol treatment at medical facilities, public health organizations and nonprofits ministering to older adults and vulnerable populations, according to the site.

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