Town of Colonie Small Business Low to Moderate Income Job Retention Grant Application
The Town of Colonie is partnering with the Community Loan Fund of the Capital Region to provide support for small businesses to help them recover from the impacts of COVID-19.
To support businesses, Colonie is awarding $159,500 in grants to help cover payroll, rent/mortgage, utilities or other expenses related to COVID (PPE, online ordering services, modifications to physical space). The application will open August 15th and have rolling admissions.
Grants will be awarded in amounts up to $15,000.
Who is eligible?
To be eligible, applicants must own a business in the Town of Colonie, have 25 FTE employees or less, and suffered a revenue loss of at least 15% due to COVID-19.
Click Here To See If Your Business Is Located in Colonie
How do I apply?
To be considered, applicants must submit the Colonie Grant application below along with the following documentation:
- FTE Worksheet
- Last 3 Years of business and personal federal income tax returns with W2s
- Business deposit accounts worksheet
- Business debts worksheet
- Copy of drivers license for applicant and any other business owners
- Business legal formation documents proving ownership (DBA certificate, Articles of Incorporation, Articles of Organization)
- HUD Demographics worksheet
- Monthly budget worksheet (using monthly budget and grant funds)
- Duplication of benefits worksheet
- Payroll records (last month) for low-income employees to be retained including owners (Current Pay Stubs)
- 2022 Profit & Loss Statement
- 2022 Balance Sheet
Documentation should be uploaded electronically with application. Applications will not be reviewed until all documentation is submitted.
For questions, please email Rose Bordett at coloniegrant@mycommunityloanfund.org or call her at (518) 436-8586 X 809.
