Indiana Small Business Restart Grant Deadline extended through January 22, 2021.
The Indiana Small Business Restart Fund provides eligible Indiana small businesses the opportunity to seek reimbursement for qualified business expenses, such as rent/mortgage payments, utilities, lease payments for real or personal property, and safety investments, such as personal protective equipment (PPE) and infrastructure improvements.
Grants will be issued to reimburse qualified expenses up to $50,000 per company and will be issued in the order in which applications are received until funding is exhausted or until the program expires.
Eligibility Requirements:
Registered Indiana Businesses:
- Business must have been established prior to Oct. 1, 2019
- Business must be registered to operate in Indiana, and must be seeking reimbursement for expenses related only to their Indiana operations
- Must be in good standing with the Indiana Department of Revenue (DOR) or have a DOR-approved payment plan
Size:
- Business must have had less than 75 full-time employees, or equivalent, as of Dec. 31, 2019
- Business must have been profitable and have had less than $5 million in revenue (Gross Receipts or Sales) in 2019; profitability is determined by EBITDA
Revenue Loss:
- Businesses must demonstrate a monthly revenue loss of at least 30% compared to pre-COVID 2019 average monthly revenue; Calculated as 2019 Gross Receipts or Sales/number of months in operation