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City of Anniston
SMALL BUSINESS FORGIVABLE LOAN STABILIZATION APPLICATION

OPEN APPLICATION CYCLE
 
OVERVIEW
The City of Anniston has been awarded CDBG-CV funding through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) from the United States Department of Housing and Urban Development (HUD). The City of Anniston’s CDBG-CV allocation is $326,029.
 
On May 19, 2020, the City of Anniston City Council approved CDBG funds to launch the Small Business Stabilization Forgivable (SBSF) Loan Program to provide short-term loan relief to businesses within the corporate limits of Anniston that are seeing a reduction in revenue because of COVID-19. The City of Anniston recognizes the need to support small businesses that are struggling to access capital and keep their doors open in response to COVID-19. SBSF loans of up to $10,000 will be made at zero interest in an effort to mitigate losses experienced by our small business community. This amount may be adjusted to provide immediate assistance to as many small businesses as possible.

The City of Anniston defines a small business as a business with fifty (50) employees or less. Eligible applicants must demonstrate revenue decreases by 30% or more due to the COVID-19 crisis. Additionally, priority will be given to our most vulnerable business owners.

Requirements
Applications will be accepted by qualified for-profit, privately held small businesses that have been in business for at least a year (as of April 1, 2020) and located within the corporate limits of the City of Anniston, Alabama. All qualified applicants must illustrate the economic injury suffered as a result of COVID-19. The loan is for a period of two (2) years with 50% of the original loan forgiven annually at the anniversary of the origination of the loan. Businesses must remain in good standing throughout the term of the loan in order to receive forgiveness.
 
Eligible Applicants:
    • For-Profit Businesses with 50 or less employees at the time of loan submission;
    • For-Profit Businesses with a City of Anniston business license;
    • For-Profit Businesses with a physical establishment within the corporate limits of the City of Anniston;
    • For-Profit Businesses with documented or exhibited losses due to COVID-19; and
    • Applicants must agree to rehire or retain low/mod jobs and provide a job summary and verification report after SBSF loan funds have been exhausted, the report must indicate how the loan funds were spent and include supporting documentation (i.e. receipts, payroll records, etc.) and job retention data. 
Eligible Applicants, continued
  • Applicants cannot be delinquent on taxes to Federal, State of Alabama or political sub-division of the state prior to COVID-19 pandemic.
  • Funding will be subject to tax lien on property.
  • Applicants must not be in default of any grant, loan agreements, leases, or financing agreements with creditors prior to COVID-19 pandemic.
Restrictions Ineligible Applicants:
  • Businesses Exclusively Residential;
  • Franchises;
  • Hotels or Motels;
  • Liquor Stores;
  • National/Regional Chain Businesses;
  • Financial/Lending Institutions;
  • Due to limited funding, only one application is allowed per a business owner. 
  • Private Membership or Fraternal Organizations/Businesses
  • Business owners that have defaulted on a City of Anniston loan within the last 15 years;
  • Adult Oriented Businesses; and
  • Businesses owned in part or fully by City of Anniston staff, administration, or leadership.
Due to limited funding, only one application is allowed per a business owner.
CDBG QUALIFING CRITERIA
The criteria for how a CDBG activities benefit low and moderate income (L/M) persons is categorized as follows:

Low Mod Job Retention Activities (LMJ):
The job retention LMI benefit national objective addresses activities designed to rehire or retain permanent jobs, at least 51 percent of which (computed on a full-time equivalent basis) will be made available to or held by LMI persons.

The following requirements must be met for jobs to be considered rehire or retained.

– If activities retain jobs, there must be documentation indicating that at least 51 percent of the jobs will be held by, or made available to, LMI persons.

– For funded activities that retain jobs, there must be sufficient information documenting that the jobs would have been lost without the CDBG assistance and that one or both of the following applies to at least 51 percent of the jobs:  The job is held by a LMI person; or the job can reasonably be expected to turn over within the following two years and steps will be taken to ensure that the job will be filled by, or made available to, a LMI person.
SUBMITTAL INSTRUCTIONS
Applications will be accepted electronically. Incomplete applications will not be considered for funding.  

Attachments: Please prepare the following required documents.  If you have all of your documents, the application will not take very long to complete.  Incomplete applications will not be accepted.
  • Copy of 2020 City of Anniston Business License
  • Copy of AL Issued Withholding Tax Certificate
  • Most Recent Year’s Business or Personal State and Federal Tax Returns for All Owner(s);
  • 2019 Income Statement Showing Monthly or Quarterly Sales (Feel free to use format that you normally use – if you use an accounting software, just upload file from that software);
  • 2020 Earnings Statement, Year-to-Date (YTD), By Month (Feel free to use format that you normally use – if you use an accounting software, just upload file from that software); and
  • Current payroll documentation;
  • Weekly/Monthly payroll documentation prior COVID Pandemic, (i.e. January and February Payroll);
  • Complete Exhibit 1: Job Retention Table
If you use an accrual accounting system, on a separate sheet, please subtract any revenue that has not been received on as to date. A list of accounts receivable must be provided.

All submitted materials will be used in determining the organization’s eligibility for funding.
1.Where is the physical address of your business? Business must be in located in the City of Anniston city limits.
2.How long has your business been open?
Your business must be in business for at least a year from the date of the application.
3.Are you currently a party to any lawsuit or pending lawsuits with the City of Anniston?
If yes then you are not eligible for the program.
4.Are you currently in bankruptcy?
If yes then you are not eligible for the program.
5.Has any owner listed defaulted on a City of Anniston loan within the last 15 years?
If yes then you are not eligible for the program
6.Is your business owned in part or fully by City of Anniston staff, administration, or leadership?
7.If your business is owned in part or fully by City of Anniston staff, administration, or leadership what is the relationship? If you answered "No" in the previous question answer this question as non-applicable (N/A).
8.What type of business do you own?
9.Has the owner(s) ever been convicted of a felony and/or is presently subject to indictment, criminal information, arraignment, or other means by which formal criminal charges are brought in any jurisdiction?
10.BUSINESS INFORMATION(Required.)
11.List all owners with at least 20% or more business ownership.
12.Is 51% or more of your business owned by individuals in any of the following categories (this information will be used for reporting purposes only)?
13.Do you currently have access to any available lines of credit or capital available through other public or private sources?
14.What type of business insurance does your business currently have?
15.Is your business currently operating?
16.How many people did your business employ prior to COVID-19? Please indicate the number of both FT and PT positions.
17.How many people did your business employ after COVID-19? Please indicate the number of both FT and PT positions.
18.Please provide a brief explanation of the adverse economic impact of COVID-19 on the operations of your business?
19.What was your average weekly and monthly revenue prior to COVID-19?
20.What was your average weekly and monthly revenue after to COVID-19?
21.How will this loan help sustain your business?
22.Is the SBSF loan assistance necessary to retain or rehire employees?
23.If you answered yes to the question above - how many employees will be impacted?
24.Have you recently applied for other private loan programs or public loan programs for this business in response to COVID-19? If so, please list:
25.Please indicate the amount of payroll expenses that will be paid with the funds from the SBSF loan fund?
*CDBG Small Business Stabilization Loan Program funding will only be allocated for payroll costs.
26.JOB REHIRE/RETENTION REPORT
Job Titles
Avg Hr Wages
Special Skills
Post HS Edu Required
# of Employees
Hrs/Wk per employee
FTE Jobs Retained
# of LMI Jobs Retained
JOB DETAILS 1
JOB DETAILS 2
JOB DETAILS 3
27.ATTACHMENT 1:

Copy of 2020 City of Anniston Business License(Required.)
No file chosen
28.ATTACHMENT 2:

Copy of AL Issued Withholding Tax Certificate(Required.)
No file chosen
29.ATTACHMENT 3:

Most Recent Year’s Business or Personal State and Federal Tax Returns for All Owner(s)(Required.)
No file chosen
30.ATTACHMENT 4:

2019 Income Statement Showing Monthly or Quarterly Sales (Feel free to use format that you normally use – if you use an accounting software, just upload file from that software)(Required.)
No file chosen
31.ATTACHMENT 5:

2020 Earnings Statement, Year-to-Date (YTD), By Month (Feel free to use format that you normally use – if you use an accounting software, just upload file from that software)(Required.)
No file chosen
32.ATTACHMENT 6:

Current payroll documentation(Required.)
No file chosen
33.ATTACHMENT 7:

Weekly/Monthly payroll documentation prior COVID Pandemic, (i.e. January and February Payroll)(Required.)
No file chosen
34.CONFLICT OF INTEREST ACKNOWLEDGMENT 
YES
NO
Do any family relationships (by blood or marriage) exist between staff in your organization and/or Agency Board members? 
Do any family relationships (by blood or marriage) exist between staff in your organization and/or Anniston City Council?
35.CERTIFICATION - AUTHORIZED REPRESENTATIVE
36.DATE AND TIME SUBMISSION(Required.)
Date / Time
Time
:
For more information regarding this Application, please contact:
City of Anniston
Attn: Ms. Mary Motley
Community Development Department
4309 McCelland Blvd
Anniston, AL 36206
Phone:56-231-7799
mmotley@annistonal.gov

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