CITY OF FRISCO
Frisco/Collin County Small Business Grants Program

Frisco/Collin County Small Business Grant Program
CLOSED  Deadline  6/30/2020
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Description  [hide this]

The City of Frisco is launching the Frisco/Collin County Small Business Grant Program (Frisco/Collin County SBGP) for businesses physically operating within the Collin County portions of Frisco. The goal of this program is to help the businesses that have been negatively affected and suffered economic hardship due to business closure during the COVID-19 pandemic.
 
The Frisco/Collin County SBGP is launching on Wednesday, June 24, 2020, at 12:00 p.m. The application period will CLOSE on Tuesday, June 30, 2020at 12:00 p.m.

Incomplete applications will not be reviewed and scored. 


General Information   [hide this]

Please review the information below for an overview of the Frisco/Collin County SBGP. If you still have questions after reading the information below, please contact the third-party administrator, the National Development Council (NDC), via email at NTXsmallbiz@ndconline.org or via phone at 1-833-696-0804.

Purpose: The City of Frisco is launching the Frisco/Collin County Small Business Grant Program (Frisco/Collin SBGP) for businesses physically operating within the Collin County portions of Frisco. The goal of this program is to help the businesses that have been negatively affected and suffered economic hardship due to business closure during the COVID-19 pandemic.

Funding: $3.1 million of Coronavirus Relief Fund funding (as provided by Collin County via the CARES Act).

Definition of small business: Business with no more than 100 employees and annual revenue of no more than $15 million.

Other eligibility requirements: Business must be a for-profit business with physical operations (Storefront/Office) located in the incorporated boundaries of the City of Frisco that are within Collin County. Business must be current in the payment of county and local taxes with no liens. Business must have been in operation on or before March 1, 2019.

Type of assistance: Grant

Maximum grant amount: $50,000

Maximum grant calculation: 3 months of estimated expenses for payroll and fixed costs from March 1 to May 31, 2020.

Payroll: includes gross payroll, retirement costs and health insurance costs.

Fixed costs: includes rent, lease or mortgage payment for real and business property that is paid to an unaffiliated/unrelated third party, utilities, and property/general liability insurance excluding costs of your personal residence.

Excluded persons: Elected City Officials, City Board Appointed Officials, City Employees and any relation within the second degree by consanguinity or the second degree by affinity to any member of the city council, city boards and commissions, and city employees are not eligible to receive grant funds.

Application process includes 

  • Good Faith Certification as to truth and accuracy of submitted information/documentation and that the grant request is necessary due to conditions caused by COVID-19 (to be submitted only if grant approval is given).
  • Unsworn Declaration of Owner as part of the online application process.

Types of businesses: 

  • Corporation
  • Individual
  • Sole proprietorship
  • Single-member limited liability company (LLC)
  • LLC treated as a partnership
  • LLC – C corporation
  • LLC – S corporation
  • Partnership
  • Franchise  

Eligible Uses of Grant Proceeds

  • Payroll costs for employees or owners draw (sole proprietors/partners)
  • Contract labor
  • Supplier payments
  • Rent, lease or interest on mortgage payment for real property used for business purposes, like storefront or warehouse, excluding personal residence.
  • Rent, lease or purchase payment for business property (e.g., delivery vehicle; food truck; kitchen equipment; furniture, technology, payment, and communications systems and equipment)
  • Insurance (Health, Payroll, Property/General Liability)
  • New or expanded technology applications and Wi-Fi services
  • Utility payments for business properties, excluding personal residence.
  • Cost of critical business operations (raw materials, marketing expenses, etc.)
  • PPE and sanitation supplies and equipment
  • Interest on other business debt obligations incurred before March 1, 2020, excluding personal residence.

Documents Required 

Documentation of Business - upload at least one:

  • Secretary of State Texas File number
  • State of Texas License number
  • DBA (doing business as filing)
  • 2018 or 2019 tax return (return only, schedules not required)
  • Employer Identification Number or Individual Taxpayer Identification Number
  • Certificate of Filing
  • If sole proprietor, please provide documentation on when you started your business (example: include Occupational license and Sales Tax Certificate)

Other documentation required:

  • Current driver's license or state issued ID
  • Most recent filed business tax return (return only, schedules not required)
  • Form 941 for 1st Qtr. 2020 (unless business is a sole proprietorship with no employees)
  • Signed monthly Profit and Loss Statement for January 1, 2020 through May 31, 2020
  • Bank Statements for the following five months – January to May 2020
  • For sole proprietors: 2018 or 2019 Federal Schedule C
  • Form W-9
  • Documentation of fixed expenses, rent, lease or mortgage payment for real and business property that is paid to an unaffiliated/unrelated third party, utilities, and property/general liability insurance excluding cost of your personal residence
  • PPP or EIDL grant agreement or promissory note (if applicable)


Library  [hide this]
DescriptionFile NameDate UploadedFile Type
Frisco/Collin SBG Program Guidelines FriscoCollinSBGProgramGuidelines06-23-2020-FINAL.pdf 6/24/2020 10:00:01 AM PDF
Frisco/Collin FAQs FriscoFAQs06-23-2020-FINAL.pdf 6/24/2020 10:00:59 AM PDF
Frisco/Collin FAQs - updated FriscoFAQs06-27-2020-FINAL.pdf 6/27/2020 10:50:14 AM PDF
Frisco/Collin FAQs - updated 6-29-20 FriscoFAQs06-29-2020-FINAL.pdf 6/29/2020 10:14:02 PM PDF
Applicant View Application Status: Not Submitted

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Instructions Show/Hide

Please submit the following identifying information along with your requested grant amount. 

Please note, the actual grant amount will be based upon your eligibility to participate in the City of Frisco/Collin County Small Business Grant program and your ability to document COVID-related losses due to mandatory business closures, among other items. 


Business Name
Amount Requested
Maximum grant amount is up to $50,000. Please review FAQs for the grant calculation formula
$

Applicant Information

First Name
Last Name
Telephone
Email
 
Organization Information
(changes to this data will be reflected on all other applications for this organization)
Legal Business or DBA Name
Address 1
Address 2
City
State/Province
ZIP+4/Postal Code
Country
Telephone
Fax (optional)
Website (optional)
EIN (XX-XXXXXXX) not being used
 
Owner/Co-applicant Information  
First Name
Last Name
Title
Email
 



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