What businesses are eligible/ineligible to apply for funding through this program?

Small business applicants must be located within Orange County and in locations zoned appropriately for the intended business activity. Additional criteria include:

  • Business applicants must be for-profit business entities.
  • Business applicants must have no outstanding tax liens or legal judgments as of June 26, 2020 and have applicable 2019 North Carolina business licenses.
  • Ineligible businesses include, but not limited to, companies involved in real estate investment, multi-level marketing, adult entertainment, or firearms. Companies with outstanding local tax liabilities or tax liens as of June 26th, 2020 or currently in bankruptcy (Corporate or Personal) are not eligible. Companies that have a past due balance as of June 26th, 2020 with the Orange County Small Business Loan Program are also ineligible.
  • Businesses who have already received COVID-19 related financial assistance from either the state, federal or local governments are not eligible to apply for this round of funding. Examples of these types of programs include Paycheck Protection Program (PPP), Economic Injury Disaster Loan (EIDL), Small Business Administration (SBA) Loan, Carrboro Small Business and Non-Profit Emergency Loan/Grant Fund. This doesn’t include personal loans or personal stimulus funds received.

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1. What is the purpose of the County’s financial assistance program?
2. What businesses are eligible/ineligible to apply for funding through this program?
3. Who will review grant applications and determine the awards?
4. What will the application and funding process look like?
5. What criteria will be used to evaluate a small business applicant’s economic need to receive a grant?
6. What are the eligible uses of the grant funds?
7. What are examples of unauthorized uses of grant funds?
8. What is the amount of the grant program’s potential award value to a small business applicant?
9. What is the cost to a small business that receives a grant?
10. What types of financial records and related documentation will be required as part of the grant application process?
11. How much funding is available for the program?