Sponsoring Agency: Arapahoe County Government
Deadline Available: Available
Deadline Date (mm/dd/yyyy): 04/16/2021
Size of the Fund: USD $50,000 to $500,000
Arapahoe County is administering a Rent Rescue Grant Program to support small- and medium-sized businesses throughout communities.
Funding Information
• Past due rent payments dating back to March 1, 2020 will be considered.
• Grant up to $100,000; if emergency funding has already been received, eligible grant funds may be reduced by that amount.
• Funds may not be used for any expense other than commercial rent/mortgage costs or for payment of debt in excess of a minimum payment in an underlying debt instrument.
• First priority will be given to those businesses with the most severe impact from the pandemic.
• Approved businesses will have direct payments made to Owner/Landlord. Extraordinary circumstances will be considered for those businesses that used personal savings/assets to pay rent/mortgage (i.e. selling personal life insurance policy, acquiring loans from 401K, 2nd mortgage on personal property, etc.).
Eligibility Requirements
• Employer of up to 500 employees with a physical address in Arapahoe County.
• For-profit business that have lost at least 25% of its income due to COVID-19 pandemic.
• Evidence that business has been in operation in Arapahoe County from December 30, 2019 or prior.
• The business has been forced to temporarily close or forced to dramatically limit operations due to the Public Health Orders related to COVID-19.
• Valid business license and in good standing with issuing agency.
• Certificate of good standing evidenced back to December 30, 2019 or prior.
• Active MyUI account with Colorado Department of Labor and Employment.
• Business representative must show lawful presence (i.e. valid government issued ID).
Please note: the following business types are not eligible for this assistance:
• Home-based/home-occupations
• National corporations (individually owned and operated businesses will be allowed to apply)
• Businesses deriving more than one-third of gross annual revenue from legal gambling activities
• Businesses engaged in any illegal activity
• Marijuana (medical and recreational)
• Businesses offering adult services or products
• Non-profit organizations
• Businesses that have received grant funding that addressed 100% of losses due to the pandemic
More information at: https://www.arapahoegov.com/2154/Small-Business-Relief-Fund-Grants
