Small Business Coronavirus Assistance Fund FAQ

What is the source of funding for this grant program?

The Small Business Coronavirus Assistance Fund was made possible by Yakima County and Federal Community Development Block Grant (CDBG) funding. CDBG is a type of federal funding with specific funding eligibility criteria that necessarily shaped the requirements for our process.


What are the eligibility requirements?

The following criteria must be met for a business to be eligible:

1) Geographic location requirement:

Businesses must operate out of a physical location located in Yakima County, but not within the city limits of the City of Yakima. Physical location includes a ‘brick and mortar’ edifice, food truck, farmers market, and other types of physical spaces that depend on foot traffic for business. For businesses located in the City of Yakima, a similar grant program will be opening soon.

 

2) Low/moderate-income requirement:

Business owners must meet the income requirements established by CDBG federal funding eligibility guidelines. The business owner must have low-moderate income (less than 80% of the Area Median Income). Income includes all wages, child support, SSI, unemployment, pension, income from assets, etc. for all adult family and non-family members in the household.

80% Area Median Income – Yakima County

# of People in Household 1 2 3 4 5 6 7 8
Household Income $37,700 $43,100 $48,500 $53,850 $58,200 $62,500 $66,800 $74,100

3) Micro-enterprise status requirement:

Businesses must employ five people or fewer at the time of completing the application. This in accordance with CDBG federal funding eligibility guidelines.

 

4) COVID-19-related harm requirement:

The business must be able to demonstrate that they have experienced a loss of income of 25% or more due to COVID-19.


What documentation do I need to complete an application?

In accordance with CDBG federal funding eligibility guidelines, the business owner will need the following documents to apply for this financial business relief program.

The Owners  The Businesses 
Driver’s license

Social Security Number

Last two Personal Tax Returns

Last two pay stubs (if needed)

Documentation of SSI Income if applicable

Washington State business license

DUNS number (we can help you get this if needed)

Documents to prove loss of revenue

Monthly operating expenses

Documentation of the number of employees


How much money can businesses receive?

Up to $5,000 per application.


What can the money be used for?

Grant money may only be used for the operating expenses of the awarded business. The operating expenses are defined as the day-to-day trading operations of the business such as covering payroll and rent/mortgage, utilities, and inventory.


What businesses are NOT eligible to apply?

Businesses not meeting the criteria above are ineligible. Additionally, franchises, chains, or businesses not legal under federal requirements (e.g. cannabis retailers) are not eligible.


Why is so much documentation required, including personal tax returns and business financials?

Documentation is a requirement of this federally funded program. Tax returns and/or paystubs allow us to ensure the financial support goes to business owners that met the federal income restrictions.  Business financials will enable us to understand the ongoing operating needs of small businesses, how far our $5,000 grant will support them, and the potential need for additional financial support from other sources.


Is the documentation and financial records subject to public disclosure?

Generally, application materials are subject to public disclosure. However, Washington state law allows for certain personal and financial information to be withheld from disclosure in order to protect the privacy of the applicants.

 


What is the timeframe and process for these grants?

 


If there are more applications than funds available, how will awards be determined?

These funds are intended to help microenterprises in Yakima County, but outside of the City of Yakima. It is anticipated there will be up to 500+ microenterprises that apply for relief assistance. Applications will be prioritized on:

 


How will YCDA ensure that underrepresented and non-English speaking business owners have a fair chance of getting a grant?

 


Community Outreach Locations and Times

One-on-one assistance completing applications and gathering documentation will be available in Spanish and English at these dates and locations:

June 8, 2020: Wapato & Zillah

 

June 9, 2020: Naches & Tieton

 

June 10, 2020: Selah & Moxee

 

June 11, 2020: Granger & Buena

 

June 12, 2020: Sunnyside

 

June 15, 2020: Grandview

 

June 16, 2020: White Swan & Harrah

 

June 17, 2020: Toppenish & Union Gap

 

June 18, 2020: Mabton & Grandview

 

June 19, 2020: Sunnyside