CLT City Grants

City of Charlotte FFTC logos

 

Access to Capital
Small Business Recovery Program

 

Thank you for your interest in the Open for Business Access to Capital program. Through the small business recovery program, the City will distribute $30 million in federal CARES Act funding to small businesses headquartered within the city limits of Charlotte.

With the goal to get money in the hands of struggling businesses as quickly and equitably as possible, applications will be randomly selected via software each day for review – rather than on a first-come, first-served basis – ensuring that all areas of Charlotte are represented.

The program is a part of the City’s Open for Business Initiative and will distribute grants of either $10,000 or $25,000, depending on number of employees.

Foundation For The Carolinas serves as the City’s grantmaking partner for this effort.

Apply Now | Resume Application Printable Application

Frequently Asked Questions Contact Us / 704.998.6499

Application Information

Eligibility

Eligibility criteria:

  • Business must be headquartered within the city limits of Charlotte, NC.
  • Must have 25 or fewer employees.
  • Business must have been affected by the COVID-19 pandemic.
  • Business must have been established before January 1, 2020.
  • Gross sales for 2019 must be at least $30,000 and less than $2 million.
  • Applicants cannot currently be engaged in bankruptcy proceedings.
  • Nonprofit organizations, liquor stores, check cashing agencies, gun shops, pawn shops and adult entertainment businesses are ineligible for this program.
  • Applicants may not apply for multiple businesses.
     

It is anticipated that the number of applications will exceed the available funding. Applicants are not guaranteed to receive a grant.

Each day, applications will be selected randomly by geography via software from the applicant pool to ensure dollars are distributed to businesses throughout the city and that applications received throughout the process have the opportunity for an award. 

Any eligible applicant reviewed that meets the program criteria will receive an award.

How to Apply

Click here to apply online. Assistance is available at 704.998.6499 or cltcitygrant@fftc.org.

Application Deadline

Applications will be accepted until July 31 at 5 p.m. Applications will NOT be reviewed on a first-come, first-served basis. Instead, they will be reviewed based on random selection.

Businesses only need to apply ONCE for consideration in all current and upcoming phases. You may only apply for one business.

Required Documentation

Applicants will be required to verify their business status. In preparation to apply, please collect three documents from the following lists:

Group A (at least one document MUST come from this list):

Group B

Additional Documentation

  • All applicants must upload and submit a signed IRS Form W-9.
  • Applicants with six or more employees will need to submit a 2019 IRS Form W-3.
  • Applicants from industries not named in the March 26 Executive Order will be required to download, complete and submit a notarized affidavit describing how the business was impacted by the pandemic.
Grant Information

Grant Awards

Businesses with five or fewer employees are eligible for grant awards of $10,000, and those with six to 25 employees are eligible for grant awards of $25,000.

It is anticipated that the number of applications may exceed the available funding. Applicants are not guaranteed to receive a grant.

Awards Process

Grants will be distributed in two funding phases:

  • Phase 1 awards will be distributed the weeks of June 30 and July 6
  • Phase 2 awards will be distributed the weeks of July 20 and August 3

Applicants only need to apply ONCE for consideration in all current and upcoming phases. Applicants may not apply for multiple businesses.

Equity and Access for Funding

The Access to Capital Small Business Recovery Program aims to provide funding rapidly, accessibly and equitably for Charlotte’s diverse small business community.

To ensure equity and access to all small businesses headquartered within the city limits of Charlotte, applications will be randomly selected each day for review via software. Any reviewed, eligible applicant that meets the criteria will receive an award based on their current number of employees.

Priority will be given to businesses that have not received federal or state COVID-19 related financial support or funding from the City’s Micro Business Relief Fund.

Apply Now | Resume Application Printable Application

  • Para recibir la solicitud en español, deberá pedirla con antelación. Si necesita asistencia, escriba a cltcitygrant@fftc.org / 704.998.6499.
  • La demande de subvention sera disponible sur demande en français, et une assistance sera disponible sur cltcitygrant@fftc.org / 704.998.6499.
  • 该申请表可应要求提供中文版,敬请联系 cltcitygrant@fftc.org 寻求协助。
  • Đơn đăng ký sẽ có sẵn bằng tiếng Việt theo yêu cầu và trợ giup sẽ có tại cltcitygrant@fftc.org / 704.998.6499.
  • अनुरोध गरिएको खण्डमा आवेदन पत्र नेपालीमा उपलब्ध छ/हुनेछ तथा सहायता cltcitygrant@fftc.org-मा उपलब्ध छ/हुनेछ।

Foundation For The Carolinas and the City of Charlotte thank our partners in this effort:

YMCA logo

 

Pride PR logo