Grand Junction Business Stabilization and Recovery Grant Fund-Phase III

Deadline to Apply: March 7, 2021, by 5pm
Deadline to apply: April 30, 2021 by 5pm. Applications are now closed.

On January 20, 2021, the City of Grand Junction established the Grand Junction Business Stabilization and Recovery Grant Fund-Phase III and authorized the Business Incubator Center to distribute up to $500,000 of grant funding to eligible businesses impacted by COVID-19.

Grants will be up to $5,000 for prior recipients of forgivable loan/grant funds from the City of Grand Junction and up to $7,500 for new applicants.

Approved Uses include:

  • Fixed and operational expenses such as lease/mortgage, insurance, utilities, etc.

Eligibility

  • Business has a physical location in the Grand Junction City limits.
    • If a business has more than one location with the same ownership, only one location may apply for/receive funding.
  • Business must demonstrate to reasonable satisfaction that it was compelled to close or substantially limit business operations due to the COVID-19 pandemic; businesses who have had an increase in revenue during the pandemic will not be eligible.
  • Business has 25 or fewer full-time employees.
  • Businesses who opened or were acquired in 2020 may be eligible.
  • Business must be in good standing, including tax, zoning, health department, and other regulatory matters with the City of Grand Junction, Mesa County, and as applicable, the State of Colorado.
  • Business must submit an operating/survivability plan and financial statements as required by the Business Incubator Center.
  • Nonprofit organizations are not eligible.
  • Previous recipient of PPP, EIDL, and other COVID impact funds may be eligible.
  • Businesses who have received loan/grant funds from the City of Grand Junction will be eligible for grants up to $5,000; new applicants up to $7,500.

The Business Loan Fund of Mesa County (a program of the Business Incubator Center) is now accepting applications for the Grand Junction Business Stabilization and Recovery Grant Fund – Phase III. Applications will be processed in the order they are received until funding is fully allocated. Although you may submit your application for review, funds will not be distributed until verification of eligibility.

NEW deadline to apply: April 30, 2021, by 5pm.

How To Apply

  1. Complete your Business Survival and Recovery Plan (template on our website)
  2. Gather supporting documents
  3. Complete application
  4. Follow submission instructions on application. Make sure all required documents are attached. Only complete submissions will be considered.

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Required Documents

Interested applicants will need to gather the following information required for submission.

  • Supporting documentation of projected business expenses for 90 days (e.g. lease/mortgage, insurance, utilities, etc.)
  • Profit and Loss Statement for 2019 and 2020 year-to-date
  • Balance Sheet ending 2019 and 2020 year-to-date
  • If new business, Profit and Loss Statement month-by-month for 2020.
  • Download and complete the Business Survival and Recovery Plan Template below.
    • If you need assistance completing your plan, you may access resources and free business coaching through the Grand Junction SBDC.

NEW deadline to apply: April 30, 2021, by 5pm. Applications are now closed.

We understand that these criteria may be complex and that you may have questions on whether your business may be eligible. If you have questions or need clarification, please call the Business Incubator Center at 970-243-5242 and ask to speak with someone on our Loan Fund team.

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