To support a strong ethnic community, the Department of Bank Card offers a 5-7% subsidy for small business owners who refer other business owners to apply for the program.
Refund PAF provides the refund from 60-85% of merchant authorization credit card processing fee cost to applicants who:
Is located in a low-income community
The business address must be in a low-income community to qualify, encourages potential applicants to check the map to see if they meet the low-income community eligibility requirement before they apply.
Has 20 or fewer employees
Business entities normally eligible for the Refund PAF program are eligible to apply. This includes sole proprietors, independent contractors, and private, nonprofit organizations. Agricultural enterprises are not eligible.
Be a U.S business
At least 51% of your employees and assets must be within the U.S.
The State Refund Business or Self-Employed Cost provides funds of up to up to $350,000, before applying, make sure your small business meets the following eligibility criteria:
Is located in a low-income community
The business address must be in a low-income community to qualify, encourages potential applicants to check the map to see if they meet the low-income community eligibility requirement before they apply.
Can demonstrate more than 30% reduction in revenue
If an applicant meets the low-income community criteria, they will be asked to provide gross monthly revenue (all forms of combined monthly earnings received, such as profits or salaries) to confirm the 30% reduction.
Has 100 or fewer employees
Business entities normally eligible for the Refund PAF program are eligible to apply. This includes sole proprietors, independent contractors, and private, nonprofit organizations. Agricultural enterprises are not eligible.