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Lucas County Small Business Stabilization Grant

TOLEDO AREA CHAMBER FOUNDATION

Foundation One-time Small Business Grants
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Funding Amount

$10,000 - $25,000

Deadline

Rolling / Open

Grant Type

foundation

Overview

Lucas County Small Business Stabilization Grant

Status: Application portal has been closed. Applications previously submitted are being reviewed on a first-come, first-served basis.

Funder: Toledo Regional Chamber of Commerce on behalf of Lucas County

Geographic Scope: Lucas County, Ohio

Program Overview:
Financial assistance to aid small businesses in Lucas County with relief from the COVID-19 pandemic. The program is funded via Lucas County's allotment from the federal CARES Act.

Award Amounts:

  • Businesses with 1-20 employees: Up to $10,000

  • Businesses with 21-50 employees: Up to $25,000

  • Not-for-profit entities with 50 or fewer employees: Up to $25,000

    • Eligible Expenses (incurred between April 1, 2020 and October 31, 2020):

  • Salaries, wages, and compensation paid to employees

  • Rent or lease costs

  • Mortgage costs including interest

  • Utility costs for electric, natural gas/propane, internet, and phone

  • Business insurance costs

  • Inventory and supplies

  • Personal Protective Equipment or other Responsible RestartOhio related costs

    • Ineligible Expenses:

  • Cost of vehicles or equipment leased or purchased (except to comply with Responsible RestartOhio requirements)

  • Personal, non-business expenses

  • Construction costs (except to comply with Responsible RestartOhio requirements)

  • Any tax, license, or fee obligations payable to governmental entities

  • Costs already covered or reimbursed by COVID-related funding (PPP, EIDL)

  • Costs for political or religious activities

      • Eligibility Criteria

    • Must be a for-profit or not-for-profit entity with primary operation in Lucas County, Ohio
    • Must have been established on or before January 1, 2019
    • Must have a Federal Taxpayer Identification Number
    • Must have a physical business location inside Lucas County
    • Must be a small business with 50 or fewer employees
    • Must have less than $5 million in annual gross revenue (evidenced by 2019 federal tax return)
    • Must certify experiencing a loss in gross revenue in 2020 due to COVID-19
    • Must certify being current on all federal, state, and local taxes, and not having liens on property
    • Must certify compliance with all federal, state, and local requirements
    • Must certify not being in bankruptcy
    • Must attest to remaining in business through December 31, 2020 at minimum

      Ineligible Businesses

    • Banks, savings and loans, or credit unions
    • Businesses with costs originating solely from a personal residence
    • Franchised businesses not locally owned and independently operated
    • Businesses currently in bankruptcy
    • Cannabis businesses and businesses ancillary to cannabis

    Program Timeline: Applications accepted October 27, 2020 - December 1, 2020 (or until funds depleted)

    Contact: Toledo Regional Chamber of Commerce, [email protected]

    How to Apply

    Application Submission Process

    Submission Method: Web-based form at toledochamber.com/grant

    Application Period: October 27, 2020 - December 1, 2020 (or when funds depleted)

    Processing: Completed applications processed on first-come, first-serve basis until funds exhausted

    Required Documentation

    1. Copy of 2019 tax returns, including:
    - Form 1040 with Schedule C Profit or Loss from Business
    - Form 1120 (if corporation)
    - Equivalent documentation

    2. Copy of 2019 Form W-3 Transmittal of Wage and Tax Statements (showing number of employees)

    3. Copy of business's Form W-9 Request for Taxpayer Identification Number and Certification (signed in 2019)

    4. Proof of reimbursable business expenditures (receipts/invoices)

    Submission Requirements

    • Complete application form via web-based portal
    • Submit all required documentation
    • Applicant receives confirmation upon submission

    Final Decision and Notification

    • Toledo Regional Chamber of Commerce contacts applicants once decision made
    • Approved applicants complete grant agreement before fund release
    • All grant funds distributed via electronic payment (ACH)
    • Applicants must provide ACH form with payment information
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    Focus Areas & Funding Uses

    Fields of Work

    small-businesses

    Categories

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