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Small Business Restart Fund

Restart Grant

Extended Application Period
Applications are now open for an extended period: Dec. 21, 2020-Jan. 22, 2021at 5 p.m. EST. Please view updated eligibility requirements and reimbursement categories below.


In May, Gov. Holcomb approved funding to support Indiana Small Business Restart Grants, helping accelerate the speed of economic recovery activity by providing working capital to cover certain expenses related to the global pandemic. The program is funded at $31 million by federal funding made available through the CARES Act – $30 million approved by the state and an additional $1 million allocated by the city of Indianapolis for small businesses located in Marion County. Of the state’s $30 million, at least $5 million is reserved for certified minority- and women-owned businesses.

Through the program, eligible Indiana small businesses can seek reimbursement for qualified business expenses, such as payroll (for W2 employees only), insurance premiums, rent/mortgage payments (for owner-occupied property only), utilities, lease payments for real or personal property, and safety investments, such as personal protective equipment (PPE) and infrastructure improvements.

Please scroll down to review eligibility requirements and application details before applying.

View FAQs here

Grant Details

Small businesses that meet the eligibility requirements can apply for reimbursement of up to 80% of qualified business expenses incurred between March-December 2020. Reimbursements for expenses may be awarded up to $10,000 for each month during that time period in which the business demonstrates a revenue loss of at least 30%.

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, except sole proprietors, 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 100 full-time employees, or equivalent, as of Dec. 31, 2019
    • Business must have been profitable and have had less than $10 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 in 2019

Program Deadline:

On Dec. 21, 2020, the Small Business Restart Grant program was reopened for an extended eligibility period to enable more businesses to leverage the program. Eligible businesses are encouraged to apply and submit supporting documentation by 5 pm (EST) on Jan. 22, 2021.

Application

Grant Application Form for Small Business Restart Fund

To prepare the necessary information for the application, small businesses need the following documentation:

  • *Monthly Profit and Loss Statement for 2020
  • 2019 Federal Tax Returns (or Federal Form 1040 with all Schedules if sole proprietorship or home-based business)
  • Copy of driver's license or valid ID
  • Expense documentation for relevant expenses not previously covered by other federal programs in which you are seeking reimbursement:
    • Copy of mortgage, rental, or lease agreement(s)
    • Mortgage, rental, or lease payments for real or personal property
    • Copy of utility bills; or billing statements
    • *Receipt for safety improvements/PPE
    • *Proof of payroll expenses for wages paid to W2 employees only
    • *Proof of insurance premium payment and Certificate of Insurance (COI)
    • Proof of Restaurant Delivery Software Expense

*Please view the FAQs below for detailed instruction on 1.) how to format and submit profit and loss statements, and 2.) documentation requirements for submitting safety improvements/PPE expenses for reimbursement, and 3.) eligible documentation for proof of payroll and insurance payments.

Businesses needing assistance compiling this documentation can contact the nearest Indiana Small Business Development Center (SBDC) office.

Apply

What other funding is available?

For more small business resources and funding options, visit StayInBiz.org.

Frequently Asked Questions

  • Program Overview

    Q: What is the Small Business Restart Fund?
    A: The Small Business Restart Fund, recommended by Indiana’s Economic Relief and Recovery Team, was approved by Gov. Holcomb, making federal funding received through the CARES Act available to small businesses to help accelerate the speed of economic recovery activity by providing working capital to cover certain expenses related to the global COVID-19 pandemic.

    Q: How much funding will eligible small businesses receive?
    A: For the extended application period (Dec. 21, 2020-Jan. 22, 2021), eligible small businesses may receive up to 80% reimbursement for qualified expenses incurred between March- December 2020 in each month in which the business can demonstrate a revenue loss of at least 30% compared to 2019 Gross Receipts or Sales average. Reimbursements will be issued up to $10,000 for each month, and the maximum amount a business can receive is $50,000. Please note that the program reimburses expenses only and not lost revenue.

    Q: What types of costs are eligible for reimbursement?
    A: Eligible small businesses may seek reimbursement for qualified, documented expenses not previously covered by other federal programs, including: such as payroll (for W2 employees only), insurance, rent/mortgage payments (for owner-occupied property only), utilities, lease payments for real or personal property, restaurants food delivery software services (including but not limited to GrubHub, DoorDash, Uber Eats, etc) and safety investments, such as personal protective equipment (PPE) and infrastructure improvements, related to the health and safety of employees and/or customers. Non-owner occupied business property expenses are not eligible for the Restart Grant. 

    Q: How has the program changed?
    A:
    The Small Business Restart Grant program has been adjusted since launching in early June due to various reasons, and most notably to ensure more Hoosier small businesses are able to leverage this recovery funding. Changes made prior to the extended application period (Dec. 21, 2020-Jan. 1, 2021) include:

    • As of Sept. 21, 2020, small businesses that have received economic relief funding through federal programs, including the Paycheck Protection Program, Economic Industry Disaster Loans, and Community Development Block Grants, are now eligible to apply. Expenses covered by another Cares Act supported program such as PPP, EIDL, or from a local government entity (CDBG) may not also be reimbursed by this grant.
    • As of Nov. 4, 2020, reimbursements for expenses may be awarded up to $10,000 per month, up to the maximum award of $50,000 which includes any previous Indiana Small Business Restart Grant awards, for each month in which the business demonstrates a revenue loss of at least 30%.
    • As of Nov. 4, 2020, the maximum reimbursement amount per company is increased to $50,000 from $20,000.
    • As of Dec. 21, 2020, there is an extended application period through Jan. 22, 2021, at 5 p.m. EST. The state also implemented a number of changes: increasing small business eligibility from 50 to 75 full-time employees; adding payroll and insurance premium payments as qualified expenses; and adding November (for Marion County) and December (for all counties) expenses as qualified expenses that may be reimbursed.

    Q: How are program updates being implemented?
    A: Program updates will not be retroactively applied. If you want your business, application and/or supporting documentation to be reviewed under the new guidelines, please reapply. If you have been approved and have received grant funding, but have not met the $50,000 maximum award, you may submit additional documentation for expenses incurred, but not previously covered under other Federal programs, during March-December.

  • Eligibility

    Q: Who is eligible to apply?
    A: Indiana small businesses with fewer than 100 full-time employees, or equivalent, and have had less than $10 million in Gross Receipts or Sales revenue that have experienced a 30% drop in revenue (compared to 2019 Gross Receipts or Sales average) due to the pandemic will be eligible to apply for small business restart grants. Full eligibility requirements:

    • Registered Indiana Businesses:
      • Business must have been established prior to Oct. 1, 2019
      • Business must be registered to operate in Indiana, except sole proprietors, and must be seeking reimbursement for expenses related only to their Indiana operations, excluding expenses previously covered by other federal programs.
      • 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 100 full-time employees, or equivalent, as of Dec. 31, 2019
      • Business must have been profitable and have had less than $10 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 in 2019

    Eligible businesses will be required to provide documentation of paid eligible expenses not previously covered by other Federal programs (mortgage, lease, utilities, rent, PPE, insurance premium, payroll) for reimbursement. The program does not reimburse revenue loss, only qualified expenses.

    Q: Are nonprofit organizations eligible for small business restart grants?
    A: No, nonprofit organizations are not eligible for small business restart grants.

    Q: Are small businesses without an Indiana Secretary of State identification number, such as sole proprietors, eligible for small business restart grants?
    A: Yes, these entities are able to apply for small business restart grants provided they meet the eligibility requirements and can provide certification documentation as requested. Small businesses without an Indiana Secretary of State identification number should apply using an Employer Identification Number (EIN). If you do not have one, you may apply for one online: https://www.irs.gov/businesses/small-businesses-self-employed/apply-for-an-employer-identification-number-ein-online.

    Q: What does it mean to be ‘in good standing’ with the Indiana Department of Revenue?
    A: Businesses in good standing with the Indiana Department of Revenue do not have an existing tax liability with the state.

  • Application

    Q: What type of information and documentation is needed to apply?
    Eligible small businesses will need to provide related documentation for expenses not previously covered by other Federal programs they are seeking reimbursement for, such as:

    • Copy of mortgage, rental, or lease agreement(s)
    • Mortgage, Rental, or Lease payments for real or personal property
    • Copy of utility bills or billing statements
    • *Receipt for safety improvements/PPE
    • Proof of payroll expenses for wages paid to W2 employees only (This requires a Form 940, 941, or 944, and proof of payment, such as: copies of paystubs, cancelled payroll checks, payroll service reports, bank activity reports or statements, etc.)
    • Proof of insurance premium payment (this may include: certificate of insurance and cancelled checks, provider payment history or reports, and bank activity reports or statements)
    • Copy of receipts/bills for restaurant delivery software expenses

    Q: Where do I find my Indiana Secretary of State identification number?
    A: Please visit INBiz, Indiana’s one-stop resource for registering and managing your business, to locate your identification number: https://bsd.sos.in.gov/publicbusinesssearch.

    Q: I submitted an application. What happens next?
    A: Businesses will receive an email confirming receipt of the application. Please check your spam folder and/or add this email to your contacts to ensure you receive communications. If you never received a confirmation email, please reach out to insmallbizrestart@iedc.in.gov to confirm application submission.

    All applications for small business restart grants will be reviewed and verified by representatives of the Indiana Economic Development Corporation.

    Q: How long will it take to be approved?
    A: We plan to review applications and notify applicants of their grant award status (approval or denial) within 14-21 days of receiving the completed application and required documentation. For new applications received during the extended period (Dec. 21,2020-Jan. 22,2021), please note that the timeline may fluctuate and that the review process is expected to be longer based on anticipated demand.

    Q: My business was approved for a grant. What happens next?
    A: After your small business restart grant is approved, it will move to processing, and you will be asked to choose whether you want your grant to be issued via wire or check. Our goal is to have an IEDC third-party disbursement partner send funds within 3-5 days of receiving your executed grant agreement, but please understand that timing may fluctuate based on current capacity.

  • Documentation

    Q: I have not yet filed taxes yet for 2019. Can I utilize a 2018 Federal Tax Return instead?
    A: No. Eligibility criteria for grants is, among other things, based on 2019 Gross Receipts and Sales revenues and EBITDA positive figure, so businesses must be able to demonstrate 2019 figures. Businesses are encouraged to first file corporate tax returns and payments prior to applying for a small business restart grant. Sole proprietor or home-based businesses must submit their full IRS 1040 along with all schedules.

    Q: My type of business entity does not submit State of Indiana Tax Returns (i.e. Sole Proprietor). Can I utilize a personal tax return instead?
    A: Yes, personal tax returns may be used as verification so long as it captures your business revenue.

    Q: How many months worth of expense documentation (i.e. paid mortgage statements, utility bills, lease payments for real or personal property) do I need to submit?
    A: Small businesses may be reimbursed for eligible expenses incurred between March - December 2020, and documentation of such expenses will need to be submitted for each month in which the business is seeking reimbursement. 

    Q: I don’t have access to some of the required documentation and/or I need help gathering required documentation for the application. Who can help?
    A: Please contact the Indiana Small Business Development Center nearest to you to meet with an advisor at no cost. Visit isbdc.org for a list of regional offices.

Restart Grant Recipients

List as of Oct. 7, 2020. This will be updated

Company Name County Award Amount
A Flair for Hair Styling Salon Tippecanoe $2,597.52
A&D's Services Greene $2,181.52
Accent Interiors Inc Huntington $1,244.15
Aggies Fun House Inc. Greene $649.00
Aita One, Inc. Lake $12,679.59
All Season Nail Spa LLC Tippecanoe $1,635.02
AMCM CO INC Lake $10,000.00
Amyre Flakes St. Joseph $4,461.90
ANB - A New Beginning LLC Elkhart $4,984.60
Angel Light Therapeutic Massage & Energy Therapy LLC Ripley $2,302.00
ARIANA LLC Marion $8,591.79
Artistic Hair, Inc. St. Joseph $810.00
ASAHI TEC AMERICA CORPORATION Wayne $9,752.19
AUJ MOTORSPORTS INC Hendricks $2,537.28
Avant Guard Flags & Costumes, LLC Allen $6,008.82
Ballyea Jewelry Designs & Moore, Inc. LaPorte $8,745.90
BeeQnails Hamilton $3,036.00
Bell Natural Therapies Monroe $2,808.62
Benjamin Leonard-White Porter $381.51
Better Place Properties LLC Grant $1,334.66
Be-u-tiful Hair Salon Marion $20,000.00
Bliss Massage Therapy Madison $459.68
Bones Theatre, LLC Whitley $10,050.01
Bramble Title Research Incorporated Vigo $2,605.01
Bussert 3 Gallery Brown $2,179.38
Cali Wayz LLC Marion $3,200.00
Calumet Orthopedic & Pros. Co. Lake $1,135.00
Castle Nails Hamilton $9,617.26
Cedar Lake Fitness Inc Lake $10,000.00
Cherie Woodring Massage Therapist Marion $2,124.51
Chesterton Fitness, Inc. Porter $10,000.00
China's Best Buffet Cass $4,159.76
Christine Bell Monroe $1,849.14
Constantinos Stoes Lake $7,500.00
Creative Treasures Preschool LLC Allen $2,013.00
DAC INVESTIGATIONS LLC Lake $5,534.14
Dave & Betty’s Diner LLC Marion $3,241.80
Daydreams Massage Therapy for Women Johnson $2,344.29
DB and SS Enterprises Marion $14,994.68
DC SIMON LLC Allen $8,947.09
Dean Evan Francis (DBA Commercial Photographer Dean Evan Francis) St. Joseph $2,968.18
Deproof Entertainment LLC Marion $5,000.00
Diamond K Sweets & More Owen $8,948.38
Discount Blinds & Verticals, Inc. Monroe $3,575.18
Dominique's Enterprise LLC Marion $3,688.31
DRU'S JEWELRY Elkhart $2,200.03
Duet Dance & Activewear Incorporated Delaware $3,338.03
DU'S ACUPUNCTURE CENTER LLC Hamilton $810.64
Dyer Fitness Inc Lake $10,000.00
Ebrima Jallow Monroe $3,279.87
EL POTRERO LLC Lake $3,767.90
Elite Kut's Barber Shop, LLC Marion $10,000.00
Elle Nails Marion $6,262.64
Ellsworth Fitness LLC   $7,001.00
ESC Enterprises, LLC Vanderburgh $7,500.00
Executive Cuts LLC Marion $10,000.00
Family & Children's Therapy Solutions Clark $2,528.98
FAMILY AND IMPLANT DENTISTRY HUNTINGBURG, LLC Dubois $2,500.00
Fern Hills club, Inc. Monroe $2,202.19
Finnies Next Door, LLC St. Joseph $10,000.00
Flanders & Pettijohn LLC Hamilton $8,136.42
Fort Wayne PCs, LLC Allen $4,193.31
Fraziers maintenance and repair Madison $2,344.58
FREE ENTERPRISE CORPORATIONS LLC Lake $5,100.00
Ft. Wayne's Online Market dba Ft. Wayne's Farmers Market Allen $4,000.00
Full Spectrum Consulting & Drill Design Hendricks $5,704.38
Fun Photo Events, LLC St. Joseph $2,749.82
Furlin, LLC Marion $9,436.71
Gateway Gymnastics Academy, Inc. Marion $5,281.00
Gentle Touch Car Wash, LLC Lake $10,000.00
Golden Foot INC Marion $8,300.00
Golf shores Fun Center, LLC Harrison $9,008.50
GPB Partners LLC Marion $10,000.00
Grumpy Golden Entertainment Monroe $1,947.00
GS1 CONSULTING LLC St. Joseph $2,069.06
H & D Landscaping and Tree Removal LLC Lake $5,424.86
Haivy nguyen Marion $829.00
Halotherapy of St. John Lake $10,000.00
Hampton Car & Truck Sales INC DBA Hampton Towing & Reocvery Jackson $1,004.30
Hampton Designs Studio & Shop Marion $4,098.92
Headz up llc Marion $2,721.21
HMM freight llc Marion $613.31
Hobart East Fitness Inc Lake $10,000.00
House of Neco Salon and Boutique Allen $5,144.75
Idle Zone LLC Carroll $7,372.82
Image Perfect Photography, Inc Lake $1,218.07
Inn by the Lake Marshall $2,789.80
JAG PHOTOGRAPHY LLC Porter $4,506.75
JASON TORRES Lake $49.93
Jays Kitchen Marion $4,786.00
Jessica Pinkham, Inc Allen $1,050.00
K&G Barfield, LLC Hamilton $8,124.80
Karam Enterprise LLC Hamilton $3,610.00
Kendall Jeanise LLC Hancock $182.40
Kerry Aldridge, Esquire Pike $2,100.00
Kidz Depot, Inc Hendricks $8,697.89
Kiln Creations Hamilton $5,000.00
Kristy Nails and Spa LLC Marion $9,378.03
Kula Yoga, LLC St. Joseph $1,742.87
La Porte Fitness, LLC. LaPorte $10,000.00
Lela & Sis LLC Marion $3,101.29
LetterPerfect Services Wells $3,366.39
LFF Inc. Vigo $2,290.30
Lighthouse Realty LLC Lake $5,964.61
Lohr Design, Inc. Marion $2,597.02
Lori Matthews - Independent Contractor Henry $6,000.00
Lowell East Fitness Inc Lake $10,000.00
Lowry Sewer & Drain Inc. Marion $3,307.53
LT NAILS Marion $8,499.54
Malhi Bros, INC Johnson $14,084.29
MARIA HAIR BRAIDING Marion $5,158.15
Marketing Informatics, Inc Marion $5,500.00
Marlee's CHAIR inc. Marion $3,782.00
MB TwinFit Lake $500.00
Merrillville East Fitness, LLC. Lake $10,000.00
Merrillville Fitness, LLC. Lake $10,000.00
Michigan City Fitness, LLC. LaPorte $10,000.00
Missy Merchandise Allen $24.98
Molly's Upscale Consignment Boutique Vanderburgh $3,950.00
Monticello Fitness Inc White $10,000.00
Montrell Partnerships LLC dba Montrell Events LLC Marion $10,830.70
Moon Stones LLC Monroe $3,151.49
Moore services Marion $2,280.19
motels of fishers,llp Hamilton $7,500.00
motels of seymour, llp Jackson $4,810.00
Munster South Fitness, LLC. Lake $10,000.00
Musleh Fitness Inc Lake $7,500.00
Naragon & Purdy, Inc., CPAs Wabash $10,617.15
Newberry Dental Marion $9,806.16
Nicole Addiction's Tattoo and Body Piercing Howard $585.00
Nimble Wit Productions LLC Elkhart $810.00
Nordikreations Lake $862.43
Odon Gymnastics Academy Daviess $5,421.76
OoeyGooeyRolls, Corp. Brown $3,870.00
Parke Bridge Motel Parke $10,326.58
PARTY NAILS Hamilton $5,344.08
PETTYCARE (Home Childcare) Porter $1,953.66
Pony Of the Americas Club, Inc. Marion $1,206.94
Power Team Soccer Hamilton $4,091.69
PRANAMI INC DBA SUPER 8 LaPorte $8,036.55
Precise Printing Plus Signs, LLC Marion $4,524.38
Professional Tailor Alterations Inc. Marion $5,046.68
PT Nails Marion $8,943.40
R Etc Events LLC Elkhart $7,577.93
Rainbow Cleaners Porter $7,143.17
Red Tail Farm LLC Elkhart $3,602.66
Red Tire Cab LLC Monroe $5,403.41
Region Industrial Inc. Lake $1,960.00
Regional Performing Arts Company Porter $577.90
Rensselaer Fitness Inc Jasper $10,000.00
Restoring Families One Step at a Time LLC Marion $900.00
Reverie Yarn Decor & Gifts Elkhart $8,211.40
Riverwalk Commons, LLC Elkhart $5,295.27
Rivich Antiques & Enterprises LLC. Lake $2,992.49
Roccaforte, LLC dba Forte Hamilton $1,126.47
Royal Modoc, LLC Hendricks $5,015.91
RTL-NAILS Marion $5,227.88
SAI Enterprises- DBA Perfect Brows Hamilton $9,318.73
Salon Sage LLC Lake $12,004.83
Savor The Flavor, LLC Dearborn $754.62
Schererville Fitness Inc Lake $10,000.00
Scottsburg Bowling Lanes,Inc. Scott $3,724.78
Shari Sanders Marion $6,317.55
Shawnda Sciba St. Joseph $2,288.93
Shawnda's Sweet Treats Marion $2,085.68
She Fit LLC Lake $10,000.00
Shear Images Marion $586.52
Sierra Sun, Inc. Franklin $2,946.26
SIVAD LLC Lake $114.06
South Bend Premier St. Joseph $2,997.35
Speedway Industrial Supply, Inc Hamilton $3,750.69
Square Cat Vinyl LLC Marion $2,276.78
Star Boulevard llc Marion $1,524.49
Steve’s Trading Post Monroe $6,711.76
Tagalong Farms LLC Johnson $3,000.00
TATA’S KITCHEN Marion $14,952.37
Tattoos In Time Studio LLC Hancock $2,731.23
Taylor's TaeKwonDo Academy Jefferson $3,669.00
Teal's Lash Studio, LLC Tippecanoe $1,149.00
The Clipper Shoppe St. Joseph $1,288.00
The Hair Company Lawrence $1,544.13
The Little Pink Shop, Inc. Lake $2,322.16
The Music and Dance Academy, LLC Elkhart $5,300.75
The Nail Studio At Fishers Station Hamilton $10,000.00
THINGS THAT BLINGS TTB, LLC Tippecanoe $1,821.52
Total care insurance llc Marion $324.28
TraXside Bar & Grill Inc. DeKalb $4,786.90
Trendsetters Salon Warrick $1,472.31
Truly Blessed Event Center St. Joseph $3,683.64
TruTherapy Massage LLC Hamilton $6,504.14
Two Ladders LLC Perry $6,786.19
UnderGround Classic Cuts LLC Floyd $4,531.31
Uniquely Ours Marion $6,287.70
United Dance Arts of valparaiso, LLC Porter $10,000.00
Valpo Pour House LLC Porter $6,519.10
Vashlys House of Angels Marion $623.00
Vibe Video Productions Elkhart $6,170.78
Vignette Farms, LLP Fountain $758.00
W. Benjamin Security INC. Marion $8,247.65
Wan Shi Ru Yi Inc. Dba Great China Buffet Marion $10,000.00
Warsaw Cut Glass Co Inc Kosciusko $841.00
We Care Day Care St. Joseph $1,408.89
Wellness Box INC Vigo $6,805.05
White Orchid Monroe $5,667.58
Worldwide Spa Services Corp. DBA Geist Nails Hamilton $8,392.10
WW Redemption LLC Hamilton $2,380.00
Yellow Moon Antique Mall LLC Morgan $3,556.36
YOUNG BLESSED BARBERS LLC Lake $2,112.72
Zoe 509 express llc Allen $1,888.38

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