Business Update for those Facing the Impact of COVID-19
Tuesday, January 19, 2021
We continue to provide our business community with the latest updates and tools from the City of Miami Beach during this pandemic.
Emergency Grants Now Available for Miami Beach Small Businesses
Small businesses in Miami Beach that have been hurt by the pandemic can now apply for up to $20,000 in emergency grant money. The funds can be used to pay for rent, mortgage, utilities, payrolls, operating supplies and other types of business expenses.
 
As a condition of accepting the money, small businesses must retain or create one job filled by a Miami Beach resident of low-to-moderate income or the business must be owned by a low-to-moderate income wage earner. Businesses should be prepared to show 2020 and 2021 business tax receipts, tax returns, bank statements, payroll documents, invoices and proof of payment for eligible expenses.

The grants will be awarded on a first-come, first-qualified basis. Interested businesses are encouraged to review application guidelines and apply here. Applications are currently being accepted.
Paycheck Protection Program Now Live
The Small Business Administration (SBA), in consultation with the U.S. Treasury Department, reopened the Paycheck Protection Program (PPP) for First and Second Draw PPP Loans.

The Paycheck Protection Program (PPP) now allows certain eligible borrowers that previously received a PPP loan to apply for a Second Draw PPP Loan with the same general loan terms as their First Draw PPP Loan. Second Draw PPP Loans can be used to help fund payroll costs, including benefits. Funds can also be used to pay for mortgage interest, rent, utilities, worker protection costs related to COVID-19, uninsured property damage costs caused by looting or vandalism during 2020, and certain supplier costs and expenses for operations.

Paycheck Protection Program lending will reopen to all participating lenders shortly thereafter. At least $25 billion is being set aside for Second Draw PPP Loans to eligible borrowers with a maximum of 10 employees or for loans of $250,000 or less to eligible borrowers in low or moderate income neighborhoods. Borrowers can be matched with qualified PPP lenders using SBA Lender Match. For additional information, please click here.
Miami Beach Restaurant Reimbursement Grant Program
The Miami Beach Restaurant Reimbursement Grant is open to restaurants in the city that are not part of a chain or franchise. Mobile food trucks, pop-up restaurants, carts, restaurants within hotels, nightclubs, bars without restaurants and home-based businesses are not eligible to apply. Participating restaurants may not have any outstanding code violations, liens, pending litigation, outstanding ad valorem property taxes and must meet all other program requirements.

This is a first-come, first-qualified, first-served grant of up to $1,000 in expense reimbursement for third-party delivery service fees. The program is available for eligible restaurants located within the city of Miami Beach.

Interested applicants can review program guidelines and/or create a new profile to submit their application here. Applications are currently being accepted.
To request assistance as an impacted business or employee, please email ResourceCenter@miamibeachfl.gov with your contact information and needs. All inquiries will be responded to via phone or email by a Resource Agent.

For a full listing of resources and information visit www.MBbiz.com
View our frequently asked questions regarding COVID-19 or email MBCovid@miamibeachfl.gov.
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