Business Operating Grant

The Business Operating Grant program provides non-repayable loans of up to $50,000 to eligible San Andreas-based businesses that meet the program criteria. Loan proceeds are intended to support working capital needs (for example, payroll, lease, mortgage and utility obligations and other eligible short-term business costs).

To be eligible for funding under this program, a business:

• Must be a San Andreas-based company, with an owner who is a citizen of the State of San Andreas.

• Must be a registered organization with the State of San Andreas.

• Must provide a business case that:

  • Demonstrates that the business is in need of financial assistance.

  • Requests a specific funding amount.

  • Identifies how funding will be used.

Ineligible uses of proceeds:

• Non-working capital costs (for example, purchase of property or new equipment).

• Refinancing or payment of non-business related loans.

• Acquisitions or buyouts.

• Payment of dividends or bonsues, or repayment of shareholder loans.

• As collateral, security or matching funds for a loan, line of credit or investment. 

• Cryptocurrency trading, stock trading, gambling or other speculative investment activities. 

• To support political campaigns, lobbying or advocacy of any kind. 

After funds have been disbursed, businesses must:

• File a financial report with the Department of Labor outlining how funds were used within 60 days of disbursement.

• Remit any unused funds.

Who is eligible to apply?

Registered organizations owned by a citizen of State of San Andreas and who meets eligibility criteria set out above may apply.

What is a registered organization?

A registered organization is a legal entity that has been authorized to operate in San Andreas by the Department of Labor as governed by the Organization Licensing Act. 

Who is considered a citizen of the State of San Andreas?

A person is considered a citizen of the State of San Andreas when they have moved to and permanently reside within the state as governed the Newcomers Act. Citizens can be restricted from services based on how long they have been a citizen. For example, the Department of Labor requires a minimum citizenship age of 30 days to be eligibile for an organization license.

What can the grant be used for?

Grant proceeds are to be used to support working capital needs (e.g., payroll, lease, mortgage and utility obligations and other eligible short-term business costs).

Grant proceeds may not be used for non-working capital costs (e.g., purchase of property or new equipment, collateral for loans, repaying personal debts, acquisitions and buyouts, payment of dividends or bonuses, etc.).

How much funding can my business receive?

Grants up to $50,000 per month will be considered. Businesses must renew their application each month.

Where do I apply?

Applications are currently received via email. Submit an Existing Business request with your proposal.

What do I have to do if my application is successful?

Businesses are required to submit a financial report to the Department of Labor within 60 days of the disbursement of funds. The report must include how the grant was used. Unused funds must be returned.

If my application was unsuccessful, can I reapply at a later time?

Yes. You may reapply if there has been a change in your eligibility status or the circumstance which gave rise to your unsuccessful application.