MOBILE COUNTY, Alabama (WKRG) – The Town of Prichard is now accepting applications Oct. 17 for the Small Business Grants Program in Prichard.
The Prichard Thrive Small Business Grant application will provide financial assistance to help local business owners still recovering from the effects of the COVID-19 pandemic.
The funds are intended to cover operating and staff costs.
Eligible companies are:
- The company must be based within the city limits of Prichard and have an active business license from the city of Prichard.
- The business MUST be able to provide documentation proving that the business’s revenue has suffered from COVID19.
- This grant is limited to companies that have employed between 1 and 25 employees as of March 1, 2020. Must have existed by March 1, 2020 at the latest. (Please provide business license, incorporation documents, name reservation document, tax return, or bank statement reflecting this date (or earlier) and bearing the name of the company)
- The business must be a for-profit corporation, LLC, partnership, or sole proprietorship. The business must be registered and in good standing with the Alabama Secretary of State.
- The business must be owned by a low- or moderate-income household or employ low- and moderate-income individuals full time.
- The business must be able to demonstrate that the operating assistance provided will allow the business to continue operating and provide continued employment to low-income people.
- The business has no unpaid tax or code enforcement privileges and does not operate in violation of state, federal or local laws.
- The owner / applicant is not currently bankrupt and has not filed for bankruptcy within the past 12 months.
- No conflict of interest with the City of Prichard (i.e. the following persons cannot have ownership or financial interest in the assisted business, nor be an employee of the assisted business: elected officials of the Town of Prichard and their immediate family members or the staff of the Town of Prichard / employees).
Non-eligible companies are:
- Banks or other financial institutions
- Electronic commerce 2
- Companies where the main products or services are geared towards specific ages (vaping, liquor stores, etc.)
- Franchises, with the exception of franchises which are wholly owned and operated locally
- No owner, manager, partner or main actor of the business involved in financial mismanagement. This includes: “business owners who have suffered one or more convictions for financial crimes in the past 3 years, the business owner (s) being defined as: managing members and / or officers”.
- National channels
- Businesses engaged in illegal activity
- Sexual Businesses Office of the Mayor of the Town of Prichard Press Release Mayor Jimmie Gardner
- Businesses reserved for clients over 18, sports teams, payday lending and securities lending businesses, franchises / chains that cannot provide proof of independent ownership, dealers in firearms or other weapons, passive, non-profit real estate investments.
The town of Prichard is urging residents to send in requests now.
You can pick up a claim at the Prichard City Clerk’s office at 216 East Prichard Avenue in Prichard.