BernCo Commissioners have approved a third round of Coronavirus Aid, Relief, and Economic Security (CARES) grants for small businesses.
Bernalillo County small business owners who wish to apply for emergency financial support through the Bernalillo County CARES small business grant for qualified small businesses to assist with costs associated with business interruption caused by required closures due to the coronavirus (COVID-19) pandemic will need to be prepared with specific business information and forms.
Through this program, the county will offer one-time grants up to $10,000 to qualifying small businesses and nonprofits to cover costs such as employee wages, vendor bills, and rent. An additional $1 million has been allotted for this third round of funding, which is available as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act federal stimulus package.
The application process is now open. You can find the links below.
It requires the following documentation be attached to the application:
· W-9 Form
· Active State Organization Registration (Articles of Incorporation)
· New Mexico Secretary of State Certificate of Good Standing
· Organization Financials (2019 Tax Return, 2018 Tax Return and 2019 Extension, or equivalent)
· Staffing Documentation for 2019 (W-3 Summary, Schedule SE, 1096 OR 2019 or 2018 IRS FORM 941)
· Updated and Current Property Tax Receipt or Copy of Current Lease
· New Mexico Taxation and Revenue 2020 CRS Documentation
· Current Bernalillo County or City of Albuquerque Business License
Note: Grants will be processed on a first-come, first-served basis.
Once the online process has begun, it cannot be saved. If an applicant exits the application process before submitting, the process will begin again when the applicant clicks the link. Once the form is complete and the documents are attached, applicants will click on the submit button and the application is complete. Applications cannot be accessed again once they are submitted.
Priority will be given to businesses and organizations that did not receive funds from the Small Business Administration’s Economic Injury Disaster Loan (EIDL), Federal Paycheck Protection Program (PPP), or small business assistance funds from the State of New Mexico or, Bernalillo County CARES Small Business Grant, or the City of Albuquerque.
Reimbursement is not required for grant recipients. Organizations that were awarded a $10,000 Bernalillo County CARES Small Business Grant are not eligible for additional funding. Organizations that were awarded less than $10,000 may reapply for additional funds up to a total of $10,000.
The application process will remain open until funds are exhausted.
Regardless of whether a business is eligible for this program, it may still qualify for other existing assistance programs.