In continuing effort to help local businesses during the COVID-19 pandemic, the City of Bakersfield is partnering with Access Plus Capital to make financial support available to microenterprises within the City limits.
The Microenterprise ReSTART Grant Program – funded by Community Development Block Grant Coronavirus (CDBG-CV) funds – will provide $70,000 in grants ranging from $3,500 to $5,000 for qualified microenterprises, defined as having five or fewer full-time employees.
Online applications for the ReSTART Grant Program open at 8 a.m. on Wednesday, February 24. Grants are expected to be awarded to approved businesses by March 19.
Businesses interested in applying should visit accesspluscapital.com and click on “COVID-19 Relief Funds.”
These grants can be used for working capital, including paying payroll costs like employee vacation, family or sick leave, as well as insurance, rent, supplies or materials, utilities, and more.
These grants will target businesses that have not previously received other disaster relief funding such as the Paycheck Protection Program, a Small Business Association Economic Injury Disaster Relief Loan or a grant from the City of Bakersfield B-CARES program.
Access Plus Capital will administer the program on behalf of the City as their experience with business loans and CDBG programs, internal capacity and previous work with Central Valley cities positions them to succeed in running the loan and grant programs.
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