The LISC Rural Relief Small Business Grant provides between $5,000 and $20,000 to eligible small businesses impacted by COVID. LISC is also committed to helping rural companies impacted by Hurricane Sally.
- Priority will be given to entrepreneurs of color, women- and veteran-owned businesses and other enterprises in historically under-served places who don’t have access to flexible, affordable capital.
- All awardees will have to certify that they are promoting the best interests of the community and are negatively impacted by the Covid-19 crisis.
- Nonprofits are not eligible.
- Proceeds can be used for rent, payroll (including the owner), outstanding debt, operating costs.
- Only small businesses located in rural communities are eligible at this time. Rural communities are defined as having a population of 50,000 or less. A community is defined as the city/town/village where your business address is located. If the business is mobile (a food truck, fishing boat, ride share driver, etc) please use the address where your vehicle is stored during non-business hours.
- A portion of the grant fund has been allocated to help businesses impacted by Hurricane Sally.
No community in Baldwin County is larger than 50,000 people. Companies in the city of Mobile are not eligible, but companies in surrounding communities (Prichard, Tillman’s Corner, Saraland, etc.) are eligible.
Applications are being accepted in “rounds”. You must submit a new application for each round in order to be considered for funding in that round. Below are the dates of upcoming rounds:
- November 30 – December 6, 2020
- December 29, 2020 – January 5, 2021
- January 26 – February 2, 2021
Applications will be reviewed based on criteria designed to prioritize particularly challenged businesses, and the final grantees will be randomly selected from the top scoring applicants.
Learn more, and sign up for updates here: https://www.lisc.org/covid-19/small-business-assistance/rural-relief-small-business-grants/
The Local Initiative Support Corporation (LISC) was established in 1979 by the Ford Foundation. The founders envisioned an “intermediary”—a nimble non-profit with strong community partnerships (such as the SBDC) that would connect hard-to-tap public and private resources with underinvested places and people working to access opportunities everyone of us deserves.