Los Lunas giving small business grants

The village of Los Lunas is accepting applications for the CARES Act Small Business Grants through Oct. 2.

The village has been awarded CARES Act Small Business Grant funding for $335,475 from the New Mexico Department of Finance and Administration, and is able to offer funding to small businesses impacted by COVID-19 public health orders.

Eligible businesses must:

•Be headquartered in New Mexico

•Have 50 or fewer full time equivalent employees

•Have annual revenues of $2 million or less

•Business start date no later than March 1, 2019; and

•Demonstrate the business was either forced to close or had severely curtailed business operations as a result of closure orders due to COVID-19.

Eligible expenses include:

•Business continuity

•Non-owner employee payroll

•Rent

•Scheduled mortgage payments

•Insurance

•Utilities

Business redesign, including:

•Re-configuring physical space

•Installing Plexiglas barriers

•Purchasing web-conferencing or other technology to facilitate work-at-home

•PPE for employees

•Temporary structures to mitigate the spread of COVID-19

The village will make funding available to qualified businesses in two rounds of applications:

Round 1, which is through Oct. 2: Businesses may apply for up to $10,000 for eligible expenses incurred from March 1, through Oct. 2, 2020. The village will award up to $250,000 during this application cycle.

The remaining funds will be awarded towards proposed future expenditures that will be made between Oct. 2 and Dec. 30, 2020. Award limits for Round 2 will be determined by the total funding awarded during Round 1.

Visit loslunasnm.gov/1076/COVID-Grants for more information, or contact Ralph L. Mims at [email protected], or call 505-839-5654.