South Carolina has announced a “Minority and Small Business Relief Grant Program.” This program is designed to provide grants to minority and small businesses to reimburse qualifying expenditures for providing services or revenue loss due to COVID-19. Grant award amounts will range from $2,500 to $25,000. To be eligible for this grant, you must meet the following criteria:

  • Employ 25 or fewer employees
  • Physically located in South Carolina
  • In operation from September 13, 2019, to present
  • Can demonstrate a financial or operational impact due to COVID-19

If you meet the requirements listed above and would like to apply, below is the information needed to complete the calculation worksheet required to determine the amount you may be eligible to receive:

  • Business name, business address, contact name, and contact email
  • Amount of any other COVID-19 aid received from the Paycheck Protection Program (PPP Loan), Economic Injury Disaster Recovery Loan (EIDL), other federal or local COVID grant funding, and/or business interruption insurance payments
  • Monthly gross revenue from March 2019 through November 2019 and March 2020 through November 2020 (October 2020 and November 2020 monthly revenue can be based upon projections).
  • Monthly qualifying expenses from March 2020 thru November 2020 (October and November 2020 qualifying expenses can be projections), these include:
    • Staffing Costs
    • Operating Costs
    • Facility Costs
    • Personal Protective Equipment(PPE) Costs  

 

If the amount you are eligible for is sufficient and you would like to proceed, the following additional information is needed to complete the application:

  • Register through the website (listed below)
  • Business name, EIN, business address 
  • Is the business registered with the South Carolina Secretary of State?
  • Business owner information (must have a 20% or more ownership percentage)

    • Name
    • Gender
    • Percent ownership
    • U.S. citizen?
    • Veteran?
    • Own any other business applying for this grant program
    • Ethnicity
    • Incarcerated or under criminal investigation or indictment or been convicted of a felony within the last five years?
    • Has the business owner ever been excluded or suspended from any state or federal program?
    • Is the owner’s gross revenue less than $350,000?
  • Business type, i.e. construction and explanation of business 
  • Business subject to one of the Governor’s executive orders?
  • Number of permanent, full or part time, employees employed on March 1, 2020
  • Was the business closed, partially closed, or required to reduce capacity due to COVID?
    • If so, how long?
  • Documentation of registered business, W-9
  • Government issued ID of business owners with 20% or more ownership in business 
  • Documentation of business operations, i.e. Business License, Sales Tax License, County Business Registration, Secretary of State Registration, or Schedule C (if sole proprietorship)
  • Documentation to validate priority for grant distribution, proof of citizenship (if minority business enterprise) for each owner to show 51% ownership
  • Documentation to show revenue loss: 
    • 2019 tax filings and 2020 tax filings (if available) and 1 of the following:
      • Profit/loss statement
      • Ledger 
      • Schedule C
      • Form 940 or 941
      • Bank Statement
      • Tax Returns
      • Quarterly Sales Tax Return
      • Certified Accountants Statements
  • Documentation to show qualifying expenditures:
    • Certified payroll records
    • Activity log/description of work done by employees
    • Invoices/receipts of purchase
    • Contracts and/or purchase orders
    • Fixed cost documentation
    • Rent, lease, or mortgage statements for real property (not to include personal residence)
    • Rent, lease, or purchase statement for business property (not to include personal residence)
    • Business utility bills
  • Calculation of eligible grant amount spreadsheet (completed in the prior step of this communication)

 

THE APPLICATION WINDOW FOR THIS MINORITY AND SMALL BUSINESS RELIEF GRANT PROGRAM IS FROM OCTOBER 19, 2020 – NOVEMBER 1, 2020.

If you would like to apply, go to the following website to get started. 

https://sccares.force.com/SmallBusiness/s/login/SelfRegister

We will be glad to assist you with as much of this process. Please don’t hesitate to contact us for further assistance.