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

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:

• Spanish-https://www.youtube.com/watch?v=FIs9k-SLrmE
• English-https://www.youtube.com/watch?v=OOe24u0Losk

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

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