Lake CARES Small Business Assistance Grant Program is designed to provide emergency relief to support small businesses, non-profits, and Chambers of Commerce with no more than 25 employees in Lake County by providing between $2,000 and $7,500 as a one-time grant to help recover from the negative financial consequences resulting from the COVID-19 pandemic. Lake County Board of Commissioners is currently allocating up to $15.5 million in emergency funding for the program.

To receive email notifications about application availability, please click the link https://elevatelake-lakecares.submittable.com/submit and complete the following two steps:

  1. Create an account in Submittable OR, if you already have an account with Submittable, Sign In.
  2. Complete the Sign-Up Form for Lake CARES Small Business Assistance Grant Program Notifications.

The Lake CARES Act Helpline is (352) 268-9299 and is available Monday through Friday from 8:30 a.m. to 4:00 p.m.

To view more information about the CARES Act Fund Programs for both Businesses and Residents, visit http://www.elevatelake.com/reopen#cares

Eligibility and Required Documentation

FOR-PROFITS

Qualifying businesses may be eligible to receive a one-time grant of $2,000 for self-employed or sole-proprietors, $5,000 for businesses that have 2 to 9 full-time equivalent employees or $7,500 for businesses that have between 10 and 25 full-time equivalent employees. Applications will be reviewed on a first come first serve basis dependent upon completeness and accuracy.

For-Profit Business Eligibility

  • Business had 25 or fewer FTE* employees, including the owner, as of January 1, 2020.
  • Business has been negatively impacted by the COVID-19 emergency.
  • Business has a physical location in Lake County that is legally operating prior to January 1, 2020.
  • Business can demonstrate ongoing operations within Lake County through February 15, 2020.
  • Business expects to continue/resume operations after all State Executive Orders restrictions are lifted.
  • Business is not a subsidiary or partially owned by a publicly traded company or a hedge fund.
  • Business does not have any legal actions against or from Lake County or its municipalities, including code enforcement liens.
  • No owner, officer, partner, or principal actor of the business has a felony conviction for financial mismanagement within the last two years for which he or she is still serving a sentence (including prison, parole, and probation).
  • Business is not operating in violation of any state, federal or local laws.
  • Business was determined to be a non-essential business affected by State of Florida Safer-at-Home executive orders and/or was mandated to close or reduce operating capacity.

Documentation Required to Upload

  1. A Completed IRS Form W-9
  2. The following, as applicable:
    • Most recent State of Florida business filing Annual Report
    • DBA/Fictitious Name registration
    • Most recent County Business Tax Receipt and/or City Business Tax Receipt
    • 2019 IRS Form 1040 – Schedule C
    • IRS Form 941 (Q4 2019) or IRS Form 943 (Annual 2019) for business paying wages
  3. Driver’s License Copy for each applicant (front only)

NON-PROFITS

Qualifying non-profits and Chambers of Commerce may be eligible to receive a one-time grant of $5,000 for organizations that have 25 employees or less. Applications will be reviewed on a first come first serve basis dependent upon completeness and accuracy.

Non-Profit Eligibility

  • Organization is a Non-profit 501(c)(3) or Chamber of Commerce.
  • Organization has 25 or less FTE* employees, including owner, as of January 1, 2020.
  • Organization has been negatively impacted due to the COVID-19 emergency.
  • Organization has a physical location in Lake County that is legally operating within Lake County and the State of Florida prior to January 1, 2020.
  • Organization expects to continue/resume operations after all State Executive Orders restrictions are lifted.
  • Organization is not a subsidiary of another organization.
  • Organization does not have any legal actions against or from Lake County or its municipalities, including code enforcement liens.
  • No owner, officer, partner, or principal actor of the organization has a felony conviction for financial mismanagement within the last two years for which he or she is still serving a sentence (including prison, parole, and probation).
  • Organization is not operating in violation of any state, federal or local laws.

Documentation Required to Upload

  1. A Completed IRS Form W-9
  2. A copy of IRS 501(c)(3) determination letter or other IRS recognition document
  3. The following, as applicable:
    • Most recent State of Florida business filing Annual Report
    • DBA/Fictitious Name registration
    • Most recent County Business Tax Receipt and/or City Business Tax Receipt
    • IRS Form 941 (Q4 2019) or IRS Form 943 (Annual 2019) for organizations paying wages
  4. Driver’s License Copy for each applicant (front only)

*A full-time equivalent (FTE) is a way for employers to measure how many full-time employees they have, along with the number of part-time employees that can be translated into full-time terms. For the purposes of the application, full-time is based off of a 40-hour work week. Your FTE number = (Total number of hours worked by part-time employees per week / 40) + The number of full-time employees you have

If our team can assist you in any other way, please call (352) 343-9647 or email us at info@elevatelake.com or visitlake@lakecountyfl.gov.

Stay safe and healthy,

Your Elevate Lake & Visit Lake Team

 

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