Lafayette’s Business Assistance Program

Posted by the City of Lafayette, Friday, January 8, Weekly Roundup
 
 
Approved by the City Council on December 14, the Lafayette Business Assistance Program – known as BAP – launched its Phase 2 program to provide free assistance to local businesses and non-profits. BAP Phase 2 officially began on Monday, January 4, 2021, and as of Friday, Jan. 8 they have received 143 verified applications.
 
 
And Wednesday’s webinar, which provided detailed information about BAP’s services, was packed. If you missed it, you can watch the webinar on the City’s YouTube channel. Do not miss the Q&A session towards the end of the webinar.
 
 
 
 
To participate in BAP, you must be a business or a non-profit with fewer than 500 employees, or self-employed, and be located in the City of Lafayette.
 
BAP will work with your individual business or non-profit to identify funding that best meets your current and future needs. The program will also provide detailed information on what to gather and how to apply for funding programs and assist you in addressing issues with your submitted application. The major funding programs BAP will assist with include:
 
 
 
CalOSBA California Relief Grant: Grant funding ranging from $5,000–$25,000 to underserved micro businesses, small businesses, and non-profits throughout the state. Priority focus is on businesses severely impacted by the pandemic shutdown. Note: the deadline has been extended to January 13, 2021
 
 
SBA Paycheck Protection Program Round 2 (PPP2): Loans designed to provide direct incentives for small businesses to keep their workers on the payroll during COVID-19 crisis. Loans fully forgiven if 60% of funds are used on payroll. Round 1 recipients can also be eligible for Round 2. SBA application guidelines are pending. This program is anticipated to close March 31, 2021.
 
 
SBA Economic Injury Disaster Loans (EIDL): Working capital low interest loans of up to $150,000 that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing due to the COVID-19 crisis.
 
 
 
Find out more about how the Lafayette Business Assistance Program can help you and apply for assistance on BAP’s website now.

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Lafayette's Business Assistance ProgramLafayette Business Assistance Program Restarts Monday, January 4, 2021

Post Date: 12/28/2020 10:13 AM, City of Lafayette

The City of Lafayette will restart its Business Assistance Program on Monday, January 4, 2021. The Lafayette Business Assistance Program will have updated information regarding available, as well as upcoming, resources from federal, state, and local sources. Additionally, businesses may register with the Business Assistance Program for one-on-one assistance by completing the business verification form. The form and more information about the Lafayette Business Assistance program can be found on the City’s website here: https://www.lovelafayette.org/businessassistance.

On Wednesday, January 6, 2021, at 10:00 a.m.*, Mayor Susan Candell and Townsend Public Affairs will host a webinar to provide detailed information about the new funding and highlight the services offered by the Lafayette Business Assistance Program. Please register for this important webinar at: https://attendee.gotowebinar.com/register/1230762941626661389.

 

*The webinar is currently scheduled for Wednesday, January 6th at 10:00am, but may be adjusted based on the final publication of program guidelines.

 

 

 
 
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