Covid-19 Grant Online Application:

Please complete the full application for maximum consideration.


Verification

Applicant/Tenant

Building/Property Owner

Documentation

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Business Impact

Proposed Grant Timeline

April 29th – May 8th 2020 – Live Oak Business Assistance Grant application period opens.
April 29th – LOEDC staff push information via social media, website and email.
May 8th – Grant Committee begins reviewing application for required criteria.
May 12th – City Council completes second reading of Resolution.
May 13th – LOEDC considers applications for approval.
May 15th – Grant checks are processed and mailed.

Terms and Conditions

In the event of Default by the Company the Corporation shall, as its sole and exclusive remedy for Default hereunder, have the right to terminate this Agreement and to recapture one hundred percent (100%) of the Small Business Grant plus two percent (2.00%) annual interest if the Default occurs prior to September 30, 2020 and fifty percent (50%) of the Small Business Grant plus two percent (2.00%) annual interest if the Default occurs after September 30, 2020 or prior to December 31, 2020 (the “Recapture Amount”). The Recaptured Amount shall be paid by the Company within one hundred twenty (120) days after the date the Company is notified by the Corporation of such Default (the “Payment Date”). In the event the Recaptured Amount is not repaid by the applicable Payment Date, the unpaid portion thereof shall accrue interest at the rate of five percent (5.00%) per annum from the Effective Date until paid in full. The grant will be 100% forgiven if the business continues to operate through December 31, 2020.

I have read and agree to the terms and conditions set forth above. I understand that my request will be evaluated and recommendations made as to approval of this Business Assistance Grant. I understand that the submittal of this application in no way guarantees me a grant from the Live Oak Economic Development Corporation. I understand that additional information may be requested as needed. The Live Oak Economic Development Corporation reserves the right to reject any and all applications at its sole discretion. All information is provided is true and accurate and financial information has not been manipulated to exaggerate the financial duress of this business.

BY ENTERING YOUR SIGNATURE AND DATE INTO THIS ONLINE APPLICATION FORM, YOU AGREE YOUR ELECTRONIC SIGNATURE IS THE LEGAL EQUIVALENT OF YOUR MANUAL SIGNATURE ON THIS APPLICATION. BY ELECTRONICALLY SIGNING THIS ONLINE APPLICATION YOU AGREE THAT THIS SIGNATURE WILL BE YOUR LEGAL SIGNATURE ON THIS APPLICATION ISSUED TO THE CITY OF LIVE OAK.