Small Business Stabilization Grant

Small Business Stabilization Grant

ENSURE TO READ ALL ELIGIBILITY REQUIREMENTS

Clark County understands the challenges that many small businesses currently face.  As an integral part of our community we want to support small businesses financially impacted by closures or restrictions related to COVID-19.  For businesses operating within unincorporated Clark County we have developed a business support grant using federal CARES Act Relief Funds.

Grant Award: up to $10,000 5-20 employees
                           up to $5,000 1-4 employees

Grant Uses: Working Capital (rent, utilities, inventory, payroll, license fees, etc.)

Eligibility Requirements:
  • Business location must be within Unincorporated Clark County
    The business address on the business license will be used to confirm jurisdiction
    Businesses within Incorporated Cities are NOT eligible: (Las Vegas, North Las Vegas, Henderson, Boulder City and Mesquite)
  • Must have 20 or less full-time employees as of March 15, 2020
    Sole proprietor and home-based business are eligible
  • Must have an active Clark County business license
    A copy of the business license will be needed. NV State licenses are insufficient by themselves
  • Business must have been operating on or before September 15, 2019
    The date on your business license will be used to determine operational dates
  • Must have an actual financial hardship (financial statements from 2019 & 2020 will be reviewed)
  • Must not have any federal, state or county tax liens
Note: Businesses that have received other federal, state or local COVID related grants or loans may apply. However, funding priority will be given the businesses that have received less than $25,000 total and based on availability of funds.
 
Non-Eligible Businesses:
  • Businesses within City of Las Vegas, Henderson, North Las Vegas, Mesquite and Boulder City
  • Adult Oriented Businesses
  • Cannabis Related Businesses
  • Massage Parlors
  • Liquor Stores
  • Bail Bonds
  • Check Cashing Facilities
  • Payday Loan, Title Loan and other Short-Term Loan Operators
  • Convenience Stores
  • Non-profit Organizations
  • State & Federal Certified Labor Unions

What You Will Need to Complete the Application?

  • Copy of Active Clark County Business License:  NV State business license insufficient on its own.
  • Number of Employees on Payroll on March 15th, 2020: W-2 employees only, independent contractors do not count.
  • Hardship Statement: Summary of business operations prior to C0VID-19 and what has happened since, including 2020 financials to date. This must show that there has been a financial hardship, through a monthly Profit & Loss (P&L) or a P&L comparison to 2019 at the same time period. 
  • 2019 Tax Return: 2019 Business Tax Return (Schedule C for Sole Prop or Single Member LLC) or proof of extension
  • 2020 Profit & Loss Statement
  • Date Business was Established
  • Amount of COVID Related Grant or Loan Funds Received:  PPP, EIDL, EIDL Advance, Clark County Rental Assistance, etc.
  • Copy of Photo I.D. for U.S Citizen or Legal Residence Card for non-U.S. Citizen

When Will Applications Be Accepted? 
Grant program preview September 8-September 14, 2020.  We will begin accepting applications September 15 -September 29, 2020 through the online portal.  Applications MUST be submitted through the online portal.  Applications submitted via postal service, hand delivery, courier service, email, fax, text, etc. will not be processed.


What Happens After My Application is Submitted?
You should receive a confirmation email once the application has been submitted through ZoomGrants.  If you have not received a confirmation email check the application status in your ZoomGrants account.  Only applications in “submitted” status will be reviewed.  Once the application deadline has closed, applications will be reviewed for eligibility and completeness.  Please allow 2-3 weeks for this process to occur.  Clark County or its grant administrator, National Development Council, may contact you via email if additional information or clarification is needed.


How Will Grants Be Awarded?

There is no one determining factor for receiving the grant.  A number of business-related factors such as amount of relief funds already received, length of time in business, whether it is a disadvantaged business, etc. will be considered to provide the maximum advantage to the maximum number of businesses. However, businesses must meet ALL eligibility requirements and must turn in a completed grant application including ALL supporting documents to be considered.  Priority will be given to businesses that have received less than $25,000 total in federal, state or local COVID related grant or loan dollars. If we receive more completed grants applications than we have funds to cover, the applications will be chosen by random lottery.

Applicants will receive a letter of determination via email. (Check your SPAM folders) Please allow 2-3 weeks after the application submittal deadline for applications to be processed and receive a letter of determination.


What Happens After My Business is Awarded a Grant?
If your grant application is successful, you will be contacted via email by Clark County’s grant administrator, National Development Council, to provide the following information and documents:
Once Clark County has received all completed and signed documents funds should be distributed within 7-10 business days. 


Will I Have to Pay Taxes on Grant Awards?
Clark County is using Federal CARES Act money to fund the grant programs.  At this time, the United States Treasury has not provided any guidance on whether these funds will be taxable.  We encourage you to consult with a tax professional for more information on your unique situation.  


Need Help with Profit & Loss Statements, Balance Sheets, etc?  Does Your Small Business Have Other Needs?
  NevadaSBDClogo-square unlv logo  

 The Nevada SBDC at UNLV is honored to be collaborating with the Clark County on their cutting-edge Small Business Support programs.

Through this collaboration, the Nevada SBDC at UNLV is providing counseling to small business, and, specifically, assisting small businesses with their applications to the Small Business Stabilization Grant to ensure the most robust submission is presented.

The Nevada SBDC at UNLV is a resource for small business assistance, providing a unique array of services, expertise, and training in all small business areas including starting, growing, and developing a business.  The Nevada SBDC at UNLV also offers information and guidance in understanding and complying with environmental regulations.  Further, the Nevada SBDC at UNLV provides useful information and analysis of the economy, environment, and demographic data to help businesses, government, and other organizations promote economic growth in their communities.

To schedule an appointment and learn more about the services provided by the Nevada SBDC at UNLV, please click on the following link   https://www.unlv.edu/sbdc or call 702-895-5019.


APPLICATION SUBMITTAL
When you are ready to view and start the application click the "VIEW & SUBMIT APPLICATION" button below.  This will take you to the online portal powered by ZoomGrants.  Once on the ZoomGrants web site, you will be required to create a username and password, if you do not already have one.  Having a user account will allow you to open and close the application at any time without losing data.  Having a user account will also allow you to apply for other Clark County grants without re-entering basic information.  All user data is proprietary to Clark County and will never be sold to or used by a third party.

ENSURE YOU MEET
 ALL ELIGIBILITY REQUIREMENTS
BEFORE MOVING FORWARD


VIEW & SUBMIT APPLICATION