A new fund will bring financial relief to self-employed Granite Staters who have suffered losses during the COVID-19 pandemic, Gov. Chris Sununu said Thursday.
According to WMUR, the Self Employment Livelihood Fund will provide up to $50,000 to self-employed people in New Hampshire.
Sununu said the need for the fund was apparent after thousands of self-employed individuals applied for help under the Main Street Relief Fund, even though they weren't eligible for those funds.
To qualify, the owner or owners of a business must be the only employees. The business must not be permanently closed, must not be in bankruptcy and must have gross receipts in 2019 of less than $1 million.
It must also not be a nonprofit. Sununu said there is another fund that's been set up to help nonprofits.
"These funds are really designed to help keep business floating in some fashion, be able to pay some of those business expenses moving forward," Sununu said.
Self-employed individuals can apply for relief under the new fund from July 6 through 17.