TMC Financing & San Joaquin County Extend Small Business Assistance Grant Program

Local Businesses Impacted by Covid-19 Are Encouraged to Apply by August 31st to Qualify for Grant Funding

STOCKTON, CA – To further mitigate the impact of COVID-19 on local businesses and their employees, the County of San Joaquin renewed their partnership with TMC Financing to offer an expansion of the Small Business Assistance Grant Program.  This new round of grant programs offer immediate financial assistance to small businesses located in the boundaries of San Joaquin County to address unfunded expenses caused by the pandemic.

Funding for the original program was approved by the San Joaquin County Board of Supervisors on May 12, 2020, with the establishment of the Corona Virus Aid, Relief, and Economic Securities Act (CARES ACT).  Totaling $15 million, this Economic Development Fund is to be shared between the County’s five Supervisorial Districts to provide relief to small businesses affected by COVID-19.

TMC Financing, a commercial real estate lender, will independently evaluate and process all grant applications.  TMC Financing will leverage their 40 years of lending experience to help verify application completeness and ensure compliance with the terms and conditions of San Joaquin County.

Grant Program Updates

On July 7, 2020, the San Joaquin County Board of Supervisors approved the expansion of the County’s Small Business Assistance Grant Program which will expand the parameters of the grant funding criteria and devotes approximately $8 million for the following:

  • Micro Business Assistance Grant Program.  This grant is intended to assist business with zero full-time employees (other than the business owners). The maximum grant is $4,000 per applicant.
  • Small Business Assistance Grant Program – Round 2.  This grant is an extension of the grant program launched on June 1, 2020 and closed on June 30, 2020.  This grant is intended to assist small businesses with between 1 and 50 full-time employees.  The maximum grant per applicant is limited to the number of full-time employees multiplied by $2,000.
  • Enhanced Small Business Assistance Grant Program.  This grant is intended to assist businesses with between 51 and 250 employees. The maximum grant is $100,000 per applicant.
  • Personal Protective Equipment Grant Program.  This grant is intended to provide businesses of any size with PPE supplies, such as masks, which will be available for pick-up at a location determined by the County.

The Micro Business, Small Business and Enhanced Small Business Assistance Grants are for qualified businesses in San Joaquin County that have documented, unfunded expenditures incurred due to the COVID-19 pandemic. The grant funds may only be used to cover expenditures incurred between March 1, 2020 and the date of the grant application. The Personal Protective Equipment Grant will be open to all qualified businesses in San Joaquin County.

How to Apply 

The grant application forms and associated documents are available on the San Joaquin County’s website www.sjgov.link/grants.  In order to apply for grant funding, businesses should submit a complete application package via email to . Grant applications will be evaluated by a TMC Financing for completeness using a comprehensive set of criteria consistent with Federal statutes, regulations, and terms and conditions of San Joaquin County award.  TMC Financing will provide an independent review of the grant applications and ensure a timely and transparent approval process.

This new round of grant programs will end on August 31, 2020.  Grants will be awarded on a first-come, first-served basis for qualified applicants, so business owners are encouraged to apply as soon as possible before all funding is allocated.  Incomplete applications will not be considered.

If you have any questions about the application process, please email San Joaquin County at . Staff is available Monday – Friday, from 8 am to 5 pm.

More About TMC Financing

TMC Financing is the No. 1 Certified Development Company nationwide.  For nearly 40 years, TMC has provided $10 billion in SBA 504 financing for more than 6,000 businesses throughout California and Nevada.  For more information on SBA 504 loans and the local businesses they support, visit www.tmcfinancing.com.