Small Business Grants in California (CA)
Securing a small business grant in California involves identifying the right opportunities, understanding the eligibility criteria, and preparing a compelling application. Here are some of the most relevant opportunities for small businesses in California:
California Rebuilding Fund
This state loan program is designed to support California’s small businesses, especially those located in economically disadvantaged and historically under-banked areas.
Amber Grant for Women
This grant ranges from $10K to $25K and is awarded on a monthly and yearly basis. It’s specifically designed to support women entrepreneurs.
California Paid Family Leave Small Business Grant
This grant offers between $1K and $10K to eligible businesses
California Dream Fund Grant
To be eligible for this grant, you need to have registered your business or obtained a business license in California after July 1, 2019
California Small Business COVID-19 Relief Grant Program
This program provides grants from $5,000 to $25,000 to eligible small businesses and nonprofits affected by COVID-19.
California Competes Tax Credit
This is an income tax credit available to businesses who want to stay or grow in California.
Small Business Stimulus Grant Program
This program is specific to San Diego County and is available to private for-profit and non-profit businesses headquartered and operating in the county.
To apply for these grants, you need to understand the eligibility criteria and application process for each grant. For instance, the California Small Business COVID-19 Relief Grant Program requires applicants to have a yearly gross revenue of $2.5 million or less. The California Dream Fund Grant requires businesses to have been registered or licensed in California after July 1, 2019.
The application process typically involves submitting a detailed business plan, financial statements, and other relevant documents. For example, the California Small Business COVID-19 Relief Grant Program requires a signed certification to certify your business, business financial information, and a government-issued photo ID.
It’s also important to note that some grants prioritize certain types of businesses. For instance, the Amber Grant for Women is specifically for women entrepreneurs, and the California Competes Tax Credit is for businesses that want to stay or grow in California.