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Eligibility Requirements

  1. Did not receive a Placer Shares grant of $5,000 or $10,000 in the first round of funding. Business owners are only eligible for one grant regardless of how many businesses they own.
  2. The business is physically located in Placer County.
  3. The business was in business on or before March 1, 2020. 
  4. In 2019, the business had total annual gross revenue between $25,000 and $2 million. For new businesses established on or after January 1, 2020 but before March 1, 2020, total projected revenue between January 1, 2020 and July 31, 2020 must be between $25,000 and $2 million. 
  5. The business has 50 or fewer employees.
  6. The business has not received a Paycheck Protection Program (PPP) loan in an amount OVER $150,000.
  7. The business is NOT one of the following types of ineligible businesses:
    1. Real estate agents and independent brokers
    2. Independent vacation home businesses such as Airbnb or VRBO
    3. Cannabis growers or related businesses
    4. Construction businesses, transportation businesses, online retail operations, and professional services.
    5. Financial businesses primarily engaged in the business of lending, such as banks, finance companies, and factors (pawn shops, although engaged in lending, may qualify in some circumstances)
    6. Passive businesses owned by developers and landlords that do not actively use or occupy the assets acquired or improved with the loan proceeds (except Eligible Passive Companies under § 120.111)
    7. Life insurance companies
    8. Businesses located in a foreign country (businesses in the U.S. owned by aliens may qualify)
    9. Pyramid sale distribution plans and multi-level marketing businesses
    10. Businesses deriving more than one-third of gross annual revenue from legal gambling activities
    11. Businesses engaged in any illegal activity
    12. Private clubs and businesses which limit the number of memberships for reasons other than capacity
    13. Government-owned entities (except for businesses owned or controlled by a Native American tribe)
    14. Businesses principally engaged in teaching, instructing, counseling or indoctrinating religion or religious beliefs, whether in a religious or secular setting
    15. Loan packagers earning more than one third of their gross annual revenue from packaging SBA loans
    16. Businesses with an Associate who is incarcerated, on probation, on parole, or has been indicted for a felony or a crime of moral turpitude
    17. Businesses in which the Lender or CDC, or any of its Associates owns an equity interest
    18. Businesses presenting live performances of a prurient sexual nature
    19. Businesses deriving directly or indirectly more than de minimis gross revenue through the sale of products or services, or the presentation of any depictions or displays, of a prurient sexual nature
    20. Unless waived by SBA for good cause, businesses that have previously defaulted on a Federal loan or Federally assisted financing, resulting in the Federal government or any of its agencies or Departments sustaining a loss in any of its programs, and businesses owned or controlled by an applicant or any of its Associates which previously owned, operated, or controlled a business which defaulted on a Federal loan (or guaranteed a loan which was defaulted) and caused the Federal government or any of its agencies or Departments to sustain a loss in any of its programs. For purposes of this section, a compromise agreement shall also be considered a loss
    21. Businesses primarily engaged in political or lobbying activities
    22. Speculative businesses (such as oil wildcatting)

What would make my business ineligible to apply for a grant?

Businesses that meet ANY of the following criteria are ineligible:

  • Businesses with more than 50 employees. 
  • Businesses with less than $25,000 in gross revenue for 2019.
  • Businesses with more than $2 million in gross revenue for 2019.
  • Any business NOT in business as of March 1, 2020.
  • Businesses that received a Payroll Protection Program (PPP) loan in an amount greater than $150,000. 

Gross revenue (also known as Gross Receipts or Sales) for 2019 should be listed on line 1 of the tax return or schedule you normally file to report your business income for federal tax purposes.

Additional ineligible business include:

  • Real estate agents and independent brokers
  • Independent vacation home businesses such as Airbnb or VRBO
  • Financial businesses primarily engaged in the business of lending, such as banks, finance companies, and factors (pawn shops, although engaged in lending, may qualify in some circumstances)
  • Passive businesses owned by developers and landlords that do not actively use or occupy the assets acquired or improved with the loan proceeds (except Eligible Passive Companies under §120.111)
  • Life insurance companies
  • Businesses located in a foreign country (businesses in the U.S. owned by aliens may qualify)
  • Pyramid sale distribution plans and multi-level marketing businesses
  • Businesses deriving more than one-third of gross annual revenue from legal gambling activities
  • Businesses engaged in any illegal activity
  • Private clubs and businesses which limit the number of memberships for reasons other than capacity
  • Government-owned entities (except for businesses owned or controlled by a Native American tribe)
  • Businesses principally engaged in teaching, instructing, counseling or indoctrinating religion or religious beliefs, whether in a religious or secular setting
  • Loan packagers earning more than one third of their gross annual revenue from packaging SBA loans
  • Businesses with an Associate who is incarcerated, on probation, on parole, or has been indicted for a felony or a crime of moral turpitude
  • Businesses in which the Lender or CDC, or any of its Associates owns an equity interest
  • Businesses presenting live performances of a prurient sexual nature
  • Businesses deriving directly or indirectly more than de minimis gross revenue through the sale of products or services, or the presentation of any depictions or displays, of a prurient sexual nature
  • Unless waived by SBA for good cause, businesses that have previously defaulted on a Federal loan or Federally assisted financing, resulting in the Federal government or any of its agencies or Departments sustaining a loss in any of its programs, and businesses owned or controlled by an applicant or any of its Associates which previously owned, operated, or controlled a business which defaulted on a Federal loan (or guaranteed a loan which was defaulted) and caused the Federal government or any of its agencies or Departments to sustain a loss in any of its programs. For purposes of this section, a compromise agreement shall also be considered a loss
  • Businesses primarily engaged in political or lobbying activities
  • Speculative businesses (such as oil wildcatting)