BREMERTON CARES

Small Business Relief Grant Program

Now up to $10,000
NEWLY EXPANDED ELIGIBILITY CRITERIA!

The Kitsap Economic Development Alliance  is partnering with the City of Bremerton to administer a small business relief grant program made possible by Federal CARES funding.

 

The City of Bremerton has committed up to $250,000 for small business assistance using Federal CARES funding. These funds must be fully distributed by November 30, 2020. The intent of this grant is to assist businesses who have suffered a loss of related to the COVID-19 Pandemic.

 

Successful applicants may receive up to $10,000 based upon eligible COVID-19 impacts.

Businesses who were previously funded at a lower amount may be eligible for increased funding.

Reapplication is required.

 

Businesses with up to 50 employees (FTE) are eligible

 Sole Proprietors & Home-based businesses allowed

Co-ops and nonprofits are eligible;

  

Applicants are NOT required to submit receipts - However, during the review process, KEDA and/or the city may request documentation for clarification. Businesses WILL be required to provide a detailed
explanation describing how funds will used to help the business
. ALL receipts and documents related to this grant (if awarded) MUST be kept for potential follow-up or review for six (6) years.

Telling your COVID story is vital to the review of your application - be as specific and detailed as possible in all application areas requesting explanation (narrative). 

 

KEDA will offer a webinar on Wednesday, September 16th at 2pm to review the grant application process and timeline. This is a great opportunity to ask questions and make sure you have all necessary details and documents required for a successful application

 

ABOUT

Bremerton CARES Small Business Relief

 

The City of Bremerton has made $250,000 of Federal CARES funds available to assist small businesses negatively impacted by COVID-19.  

 

Successful business applicants may receive up to $10,000 based upon eligible COVID-19 impacts as determined by a comparison of  Q2 2019 Gross Revenue and Q2 2020 Gross Revenues.

Receipt of EIDL/EIDG and PPP do NOT disqualify businesses but priority will be given to businesses that have NOT received funds from other sources. 

 

Businesses will be required to list the type of funding received  as either Federal or State, the entity who provided you funding, how much funding was provided, and what was paid when utilizing this funding.

 

As granting entity we reserve the right to request documentation of  the invoices, bills, etc. you were reimbursed for and an accounting of other funds received. It is our responsibility to ensure to our Federal partners the payments made with these grant funds have not been paid with other grant dollars from other funding entities. Whereas if it comes forward funding has been received for the same invoices, bills, etc. from two or more different funding entities, the funding would need to be returned and future funding for your business could be at risk.

Additionally, businesses are required to maintain records and receipts of applicable expenses claimed under this grant for a period of six years.

 

Determining Eligible Expenses 

Businesses will be asked to describe how funds will be used to help the business. This information is necessary to  ensure that proposed expenses are eligible for reimbursement. Expenditures are only being accepted on costs incurred March 1, 2020 thru November 15, 2020.

You will self-attest by signature that the answer to ALL of the following  questions is "YES"
 

  • Is the expense connected to the COVID-19 emergency?

  • Is the expense "necessary" to continue business operations?

  • You confirm that the expense is NOT filling a shortfall in government owed payments (i.e. taxes, licenses, state/county/federal and/or city fees)

  • The expense has NOT been funded by any other funder, whether private, state or federal*

  • You would not be seeking this grant IF you had NOT been impacted by COVID-19

  

Federal funds such as EIDL, PPP and CARES cannot be used for same use twice -- i.e. if you used funds for April rent, this grant cannot be used for April rent. This constitutes double-dipping. 

Required documentation

  • Application (via online portal)

  • Completed IRS W9 Form

Application period:  Portal opens Monday, September 21st at 8:00 am and closes at noon on Wednesday, September 30th

 

All applications will be reviewed for eligibility. 

 

ELIGIBLE BUSINESSES

You must meet the following criteria

  • Be active and licensed in The City of Bremerton

  • Have a physical location in The City of Bremerton on/or before March 1, 2019

  • Have no more than 50 full-time equivalent employees.  Full-time is defined working 40 hours per week.

  • Be in compliance with Governor Inslee's Safe Start guidelines

  • 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 a negative impact. Impact will determine amount to be funded.

      • Compare Q2 gross revenue per quarter in 2019 and 2020


If you answer yes to all of the above your business may qualify​

 

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)

  • Businesses that received previous funding under the Working Washington Small Business Emergency Grant program or other local grants MAY NOT claim the same expense twice. (EXAMPLE: If rent was applied to PPP forgiveness applicant can not apply for the same time period.)

  • Not eligible for months that landlord provided rent relief

INELIGIBLE BUSINESS ACTIVITIES

 
 

BE READY TO APPLY

Have this information and required documentation (pdf files for uploading) on hand when the portal opens.

Application period:  Portal opens Monday, September 21st at 8:00 am and closes at noon on Wednesday, September 30th

WA STATE UBI

 

W9 IRS FORM - Completed and Uploaded -  https://www.irs.gov/pub/irs-pdf/fw9.pdf

 

CITY OF BREMERTON BUSINESS LICENCE - Scanned & uploaded

BUSINESS STRUCTURE
 

  • Non profit 501(c)3

  • Sole Proprietorship

  • Home Based Business

  • General Partnership

  • Limited Liability Company (LLC)

  • Cooperative

  • Close corporation

  • Corporation

  • - C Corp

  • - S Corp

  • - B Corp

  • Limited Partnership (LP)

  • Limited Liability Partnership​

  • ​General Partnership

  • Limited Partnership (LP)

  • Limited Liability Partnership (LLP)

 

WA DEPT OF REVENUE 4-DIGIT LOCATION CODE​ - https://webgis.dor.wa.gov/taxratelookup/SalesTax.aspx

(NONPROFITS will be reviewed based upon physical address of its main office rather than DOR tax rate.)

​​

DATE BUSINESS OPENED​

Eligible businesses will have been in business before March 1 2020.

GROSS REVENUE

Eligible businesses will have gross revenues NOT to exceed $5 million per year.

 

DETERMINING ELIGIBLE COVID-19 IMPACTS:

The following report/comparison of gross revenue will be used to determine your COVID related impacts:

 2019 Q2 GROSS REVENUE $_________________

 2020 Q2 GROSS REVENUE $_________________

NUMBER OR EMPLOYEES (FTE)

 

Eligible businesses will have no more than 50  employees (FTE) not including owner as of January 15, 2020 or date of application.

Calculations: Full Time Equivalent = FTE. Final numbers to be rounded up.

  • Full-Time Employees (Not Volunteers) = Employees working 30-40 hours per week = 1 FTE

  • Part-Time Employees (Not Volunteers) = Employees working less than 30 hours per week, add their hours together and divide by 40. Example: 3 Employees working the following 11+29+20 hours = 60 Hours/40 hours = 1.5 FTE.

 

CONTACT KITSAP ECONOMIC DEVELOPMENT ALLIANCE

 

APPLICATION PORTAL

APPLICATION PORTAL OPENS SEPT. 21  AT 8AM -

CLOSES AT NOON ON SEPT 30th 

All applications will be reviewed  by committee for application and eligibility criteria.

360-377-9499

2021 NW Myhre Rd Suite 100

Silverdale, WA 98383

www.kitsapeda.org

©2020 by Kitsap Economic Development Alliance. Proudly created with Wix.com