Small Business Support Grant
*DEADLINE EXTENDED* Applications Due January 29th
The program is not a first come first serve. All Applications submitted by the deadline will be reviewed and scored based on need to determine recipients.
The Enid Regional Development Alliance (ERDA), in a partnership with the City of Enid, has launched a new program to support businesses negatively impacted by COVID-19 utilizing CARES Act Funding. This program aims to provide funding to help fixed operating costs for small businesses that have seen a dramatic drop in revenue as a result of the pandemic. Small Business Support Grant applications are now being accepted until January 29 to assist businesses with fixed monthly expenses such as rent, utilities, offset the perishable cost of goods lost, and fund deferred maintenance on fixed assets.
Funding requests should equal three months’ rent or mortgage payments, three months’ utility payments (water, sewer, electric, gas, phone/internet), 20% cost of goods for three months perishable goods/food, $500/month for maintenance costs. The amount requested should not exceed the sum of these expenses or $15,000, whichever is less.
To qualify for the grant, applicants must meet the following criteria:
- Business is physically located within the city limits of Enid, Oklahoma.
- Nonprofit businesses are not eligible.
- Business must have been in operation by January 1, 2019.
- Businesses who do 100% of their sales online are not eligible. The majority of sales must come from in-person transactions.
- Sales/Revenue March-December 2020 must be down at least 30% over the same period last year.
If you suspect that you have contracted COVID-19, please call the Oklahoma State Department of Health call center at 1-877-215-8336.
If COVID-19 has impacted your ability to meet any of your basic needs, please use the resources of Heartline/2-1-1, a 24/7 helpline that provides assistance for Oklahomans in need.