Agency / Department: Pasadena Community Foundation (PCF)
Resource: Small Business Grants
Details: In the Pasadena program, eligibility requirements include being locally and independently owned, located in Pasadena, and in good standing with the city and state. Another is having no lawsuits pending against the city. Applicants must not have received $10,000 or more from either the SBA Paycheck Protection Program (PPP) or the SBA Economic Injury Disaster Loan (EIDL) or other SBA, government or other grant source related to COVID-19. They must also have demonstrated a strong track record of business operations under the current ownership, $3 million or less in annual gross revenue, experienced at least a 25 percent decline in revenues due to COVID-19 between Jan. 1 and April 30, and demonstrated a strong track record of business operations under current ownership. Applicants must also demonstrate the dedication and wherewithal to remain open for a period of 12 months after receipt of the relief funds, states the city report.