Small Business Support Assessment
The outbreak of COVID-19 and the necessary “shelter in place” directives are having a devastating impact on Bay Area small businesses and the people they employ. The questions in this assessment will help us determine the financial health of your business. Your assessment is confidential.
Please read below if you are submitting the Small Business Support Assessment in order to be considered for a small business grant:
The Renaissance Entrepreneurship Team seeks to support small business owners impacted by COVID-19 who are looking to cover expenses in the following categories: payroll, lease payments for business premises, PPE, costs related to re-opening, or COVID related pivots to their business model (ex. E-commerce set up, menu changes, new permit fees, etc.)
Pre-assessments submitted after December 14th will only be considered if more funding becomes available. The deadline for applications is December 16th, 2020 (new extension)
ELIGIBILITY
-The business owner has experienced a loss of income due to COVID-19.
-The Business Owner lives in one of the following San Mateo County ZipCodes:
-- Daly City: 94014 and 94015. -- East Palo Alto: 94303
-- Menlo Park: 94025. -- Unincorporated Mid-Coast: 94038
-- Pescadero: 94060. -- Redwood City/NFO: 94061, 94063
-- San Mateo: 94401, 94403 -- South San Francisco/San Bruno: 94066, 94080
-The applicant must own a small business whose net income for 2019 did not exceed $120,000. For partnerships, a person meeting the above qualifications must own 51% of the business.
-The applicants household income must fall within SMC Low-Income Limits (80% AMI)
-The Business Owner can benefit from Business Support services from Renaissance Entrepreneurship Center; this can include classes, workshops, and or 1:1 Consultation or Financial Coaching.