PORT ORCHARD ELIGIBILITY CRITERIA
PORT ORCHARD ELIGIBLE BUSINESSES
You must meet the following criteria
Be active and licensed in the City of Orchard
Been in business for at least one year prior to the date of the application
Have a physical location in the City of Port Orchard on or before March 1, 2020
Have no more than 15 full-time equivalent employees. Full-time is defined working 40 hours per week.
Engage in a type of business eligible to receive funding by the US Small Business Administration: (https://www.sba.gov/partners/lenders/7a-loan-program/terms-conditions-eligibility#section-header-15 )
Ability to demonstrate loss of revenue due to COVID-19 (Priority given to businesses that were required to close due to the Governor’s order)
Declaration must show at least $5,000 impact
Compare Q2 gross revenue per quarter in 2019 and 2020
Your business has reopened prior to the date of the application
If you answer yes to all of the above your business may qualify
The intent of this grant is to reimburse business related rent or lease expenses, from April 1, 2020 to September 2020.
Businesses MAY NOT use the funding for the following activities:
Any expense that would not be considered an eligible business expense by IRS rules.
Wages, bonuses or draws by you as the owner. (These expenses were eligible under the PPP loans)
Operating expenses other than rent
Businesses that received previous funding under the Working Washington Small Business Emergency Grant program or other local grants
Not eligible for months that landlord provided rent relief
Mortgage payments on owner occupied buildings
Landlord must not have any ownership in business
No homebased businesses