Culpeper Cares

Culpeper Cares

Culpeper Cares Small Business Recovery Grant

The Town of Culpeper, Town Council and the Culpeper County Board of Supervisors passed the Culpeper Cares Small Business Recovery Grant fund to support small businesses and 501(c)(3) non-profit organizations affected by COVID-19. The program is funded using federal CARES Act funds provided to the Town of Culpeper and Culpeper County and will be administered by Community Investment Collaborative (CIC).

Round One Grant Award Notifications were issued on August 11, 2020.

Round Two applications will open on Wednesday, August 26, 2020 and close on Sunday, September 13, 2020 at 11:59 pm EST. Staff will be available to answer questions until Friday, September 11, 2020 at 5:00 pm EST.

There is $1.8M remaining for small businesses, with $355,000 remaining for 501c3 non-profit organizations.

Please check below, as grant criteria has changed:

The amount of Culpeper Cares awards will be made based upon the number of full-time equivalent employees according to the following structure:

  • Employees, 0 to 10: up to $10,000
  • Employees, 11 to 25: up to $15,000
  • Employees, 26 to 50: up to $20,000

Grant funds can be used for:

  • Rent/Mortgage
  • Insurance
  • Payroll
  • Equipment
  • Utilities
  • Other business critical operating expenses, example: adaptive costs such as the purchase of e-commerce, equipment/website creation and/or upgrade of an online sales site

Funding must be used for an eligible expense to mitigate business interruptions for the grant awardee business/organization. Awardees found to use grant funds for ineligible expenses will be required to return the award.

Eligibility

Round Two Eligibility Requirements:

  1. Applicant must be an operating business or organization in Culpeper, Virginia
  2. Applicant must have a physical location in Culpeper, Virginia
  3. Applicant must have 0-50 full-time equivalent employees
  4. Applicant must be able to demonstrate at least a 25% loss in revenue that can be attributed to COVID-19
  5. Applicants must be for-profit businesses or 501(c)(3) non-profit organizations; Franchise establishments must be privately owned and operated (non-corporate)
  6. Applicants must be current on taxes as of March 1, 2020
  7. Applicants must have opened by January 1, 2020
  8. Applicants must complete an online application form, certify that all answers are true and accurate, provide a completed W-9 form and financial documentation that certifies the business’s revenue and projected impact related to COVID-19, and agree to the program’s terms and conditions

Changes from Round One:

  • We have removed the $2M Gross Annual Receipt cap from 2019
  • We changed the business age eligibility from a minimum of one year old, to must have opened by January 1, 2020
  • Privately owned and operated Franchise establishment owners need not live locally, as long as the franchise location is within Culpeper, Virginia

Previously awarded businesses and 501c3 non-profit organizations are ELIGIBLE to apply again:

  • If you received an award in round one, you are eligible to apply again in round two
  • We will need to requalify an additional 25% economic injury
  • You will need to acknowledge and accept non duplication of funds use
  • We will need to verify 2019 annual revenue before we can determine your award amount eligibility for Round Two

The following are Ineligible:

  • Banks and financial institutions
  • Franchise businesses, except those that are privately owned (non-corporate)

Culpeper Cares Grant Interest Form

Please click here to complete the Culpeper Cares grant interest form. This is NOT the grant application. We will use the information captured in the interest form to notify you when the grant application opens on August 26, 2020. This is a required step in the process. The application will be an online form, backed by Lenderfit, which you have to be invited to. The interest form generates your invitation.

Online Application Process – Getting Prepared

Round Two Applications will open on August 26, 2020, closing on September 13, 2020 11:59 pm EST. While you are waiting, take the time to be sure you can gather the necessary paperwork to apply. This will include, but not be limited to:

  • Application to be submitted via online Lenderfit portal
  • Federal Taxpayer Identification Number (EIN), Individual Taxpayer Identification Number (ITIN), or your Social Security Number (SSN) – whichever is applicable to your business
  • Federal IRS form W-9
  • Federal IRS form 941 for 1st Quarter of 2020
  • Town of Culpeper Account Numbers: Business License Account Number and Business Tangible Property Account Number
  • Accurate list of all secured relief aid, example: SBA PPP, SBA EIDL, VA 30 Day Fund, Virginia Career Works Grant, etc.
  • 2018 and 2019 Tax Returns, including Schedule C Form (if applicable)
  • Current profit-and-loss statement, balance sheet, or other statement of business financial standing
  • Year-end profit-and-loss statement and balance sheet, previous year
  • Business account bank statements (2019 and 2020)

The Town of Culpeper Tourism and Economic Development department has contracted Community Investment Collaborative to assist with the implementation of the Culpeper Cares Small Business Recovery Grant program. The Town of Culpeper Tourism and Economic Development retains program oversight and management of the Culpeper Cares grant program. Department of Tourism and Economic Development can be reached at 540-727-0611 or by email: CulpeperCares@culpeperva.gov

Culpeper Cares