Advertisement

American Rescue Plan Act funds small business grant program, ‘Lubbock Businesses Bounce Back’

American Rescue Plan Act Funds Small Business Grant Program, 'Lubbock Businesses Bounce Back'
American Rescue Plan Act Funds Small Business Grant Program, 'Lubbock Businesses Bounce Back'(City of Lubbock)
Published: May. 20, 2022 at 4:58 PM CDT
Email This Link
Share on Pinterest
Share on LinkedIn

LUBBOCK, Texas (NEWS RELEASE) - The ‘Lubbock Businesses Bounce Back’ program was created for small businesses in the City of Lubbock that were impacted by the COVID-19 Pandemic.

Eligible businesses must meet the following criteria:

  • Be a small business operating for at least one year
  • Be located in Lubbock city limits
  • Be impacted by the COVID-19 pandemic
  • Did not receive an ‘SBA Paycheck Protection Program’ (PPP) loan
  • Did not receive an ‘SBA Economic Injury Disaster Loan’ (EIDL)
  • Did not receive a loan through the ‘Support Lubbock Fund’ (2020 COVID Loan Program)
  • Did not receive a grant through the ‘City of Lubbock Microgrant Program’
  • Did not receive funding through ‘Lubbock County ARPA Small Business Relief’

Applicants may use grant funding for the following:

  • Public Health COVID-19 Related Expenses
  • PPE, Hand Sanitizer, Modifications, etc. related to COVID-19.
  • Working Capital
  • Overhead operations, payroll, rent, short-term uses of cash for business operations, utilities, etc.
  • Inventory
  • Raw material, necessary for continued operations, etc.

Small businesses that would like to learn more information are encouraged to email LB3@spag.org, or watch the instructional videos linked below:

To apply for the grant, visit caprock504.org/caprock-application/.

Copyright 2022 KCBD. All rights reserved. Information provided by the City of Lubbock.