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The original item was published from 6/8/2020 5:28:00 PM to 6/27/2020 12:00:00 AM.

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Posted on: June 8, 2020

[ARCHIVED] Small Business Relief Program Grant Award Update

Small Business Relief Program Award Update

At a Special Meeting of the City Council on May 27, 2020, the City Council unanimously approved the immediate creation of the Yorba Linda Small Business Relief Program, with the goal of providing relief grants to upwards of 175 businesses residing in Yorba Linda that had been negatively affected by COVID-19.

“Yorba Linda’s small businesses have been struggling through this pandemic. This grant program allows us to provide immediate and substantial assistance to our local business community,” said Dr. Beth Haney, Mayor of Yorba Linda.

With the mandate to get relief grants to businesses as quickly as possible, the initial application window opened on June 1 and was open for 48 hours, closing at 8:00 a.m. on June 3 after being heavily promoted by the City. Since then, City staff have been meticulously pouring through applications submitted by 235 local businesses.

The City is pleased to announce that the vast majority of small businesses that applied for the program and met the minimum qualifications will be awarded a relief grant. Applicants can expect to receive a check for $8,000 in the next few days. While the program was originally envisioned to provide $10,000 grants to nearly 175 businesses, the City received so many applications that, in order to usefully spread the funds as widely as possible and avoid the need to create a lottery, the City decided to fund nearly every qualifying application it received.

The relief funds, which will not need to repaid, may be used to assist business owners with payroll, capital or equipment expenses, and operational costs, including utility, CAM, loan, lease, and mortgage payments. To qualify to receive the grant, each business needed to meet certain qualifications and demonstrate that they had been negatively impacted as a result of COVID-19.

Funding for the program has come from the County of Orange, through the federally approved CARES Act. Of the $1.75 million the City of Yorba Linda has received; the entirety of the money will be disbursed to small businesses to ease their path to recovery.

For more information about the Small Business Relief Program, which is no longer accepting applications, please visit the program website at yorbalindaca.gov/smallbusinessrelief.

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