Guilford County is rolling out a new small business grant program this week. The funding is designed to help business owners who have experienced losses related to the COVID-19 pandemic.
Under the program, businesses with 25 or fewer employees can receive up to $10,000 in aid.
According to a news release, Guilford County will use $20 million of the funds it received from the federal CARES grant program. With roughly 600,000 residents, the county meets the minimum population requirement to qualify for the small business assistance. Guilford is one of only three North Carolina counties to receive direct federal funds totaling almost $94 million.
Business owners can currently view information regarding eligibility and the documents needed before applying. They will be able to ask questions by phone on Tuesday, and applications will be accepted starting Wednesday. The money will be distributed on a first come-first serve basis.