Indiana Small Business Restart Grant
Eligible Indiana small businesses can apply for reimbursement of qualified expenses. We’re here to keep your small business, in business.
Small businesses that meet the eligibility requirements can apply for reimbursement for qualified business expenses incurred between March 1, 2020 and October 31, 2021 (“eligibility period”).
Reimbursements for expenses and sole proprietor Net Profit reductions (see below) may be awarded up to $10,000 for each month during the eligibility period. However, reimbursements may not exceed $100,000 in aggregate.
Businesses that have already received Small Business Restart Grants, but have not reached the maximum reimbursements noted above, may re-apply during this expanded program period. Expenses that were already reimbursed through this program will not again be considered eligible expenses.
Eligible businesses may apply for grant funding to cover qualified expenses incurred at their Indiana operations, such as payroll, insurance premiums, rent or mortgage payments, utilities, lease payments, and safety investments. These expenses may be reimbursed up to 80% for non-payroll expenses and up to 100% for payroll expenses.
Effective September 20, 2021, sole proprietors are eligible to be reimbursed for reductions in Net Profit, with Net Profit (Form 1040, Schedule C, Line 31) reductions being determined by comparing 2019 Net Profit/number of months in operation in 2019 to 2020 Net Profit/12 months and to 2021 Net Profits per monthly sole proprietor Profit & Loss Statements. Sole proprietors may resubmit Small Business Restart Grant requests for the eligibility period.
The program may give preference to Hoosier small businesses in the hospitality industry, but all eligible businesses are encouraged to apply.
The deadline for applying is November 15, 2021. Eligible small businesses are encouraged to apply and submit expenses for reimbursement as soon as possible; grants will be issued in the order in which applications are received until funding is exhausted or until the program expires.
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 or have entered into a payment plan approved by the Indiana Department of Revenue
Business must have had fewer than 100 full-time employees 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
- Businesses must demonstrate a monthly revenue loss during the eligibility period of at least 30% compared to pre-COVID 2019 average monthly gross revenue; with 2019 gross revenue calculated as 2019 Gross Receipts or Sales/number of months in operation in 2019.
- Please Note: Non-owner occupied businesses are not eligible.
Eligible Reimbursable Categories
May be reimbursed up to 100%:
- Sole proprietor net profit reduction
May be reimbursed up to 80%:
- Insurance premiums
- Rent or mortgage payments
- Lease payments for real or personal property
- Safety investments
- Food delivery software service payments
- Please note a number of documents are required to apply for a Restart Grant. You can view the list here.
- Watch this video below on how to complete your application.
Avoid Common Mistakes
Use this list to check your information and avoid making common mistakes:
- Application is completed correctly & includes all required information
- Contact information is accurate – check for typos in email addresses, transposed numbers, etc.
- Proof of payment of eligible expenses is included – not just invoices or statements
- Banking information is accurate – check for typos, transposed or missing numbers, etc.
- Information in your tax return aligns with information in your profit and loss statement
If you have questions about completing an application or compiling the required documents, contact the nearest Indiana Small Business Development Center (SBDC) office or call 888.472.3244.
Please note the Indiana SBDC can only assist you before you apply to help you gather the required documentation.
Hear what others are saying about the program