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:
•Non-owner employee payroll
•Scheduled mortgage payments
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 firstname.lastname@example.org, or call 505-839-5654.