Indiana Small Business Development Center Will Be Assisting Small Businesses with Small Business Restart Fund Applications
The State of Indiana is launching a small business grant program for Indiana small businesses this week (applications open on June 3rd). https://backontrack.in.gov/2377.htm is the website where all the requirements are listed.
The Indiana Small Business Development Center will be assisting with small business owners who need help gathering essential data (Profit/Loss...etc.) if they need this type of assistance in order to apply. Other than that, we will be referring people to the website to apply. The intent of this program is to provide assistance due to COVID-19 impact on revenue for smaller businesses who were ineligible or unable to access SBA loans (PPP or EIDL) programs. If the business has already taken PPP, EIDL or Community Development Bloack Grant funding, they will not be eligible for this new state grant.
Grants are up to $10,000 and the business will have to provide similar financial documents for the PPP, EIDL or other programs. Tax returns, P&L before COVID and after COVID showing revenue impact. Also, they will need to show documentation for the actual expenses during the COVID period (March 1 - Today). I will likely get more details before Wednesday, but what has been provided to us is on the website above. Feel free to forward, post in newsletters...etc.
This is the grant fund for the self employed who couldn't get PPP, EIDL or other relief.