Earlier this year, Indiana created the Small Business Restart Fund to reimburse certain business expenses for businesses suffering from decreased revenue due to COVID-19. Originally this program was only for those not using the PPP Loan or other grant programs. The program has now been opened to all businesses, even if you received a PPP loan, as long as you meet certain criteria.
To qualify you must meet the following:

  • Be registered to operate in Indiana
  • Had fewer than 50 employees as of 12/31/19
  • Had less than $5 million in revenue in 2019
  • Reported a profit for 2019
  • Demonstrate at least a 40% decrease in monthly revenue compared to pre-COVID-19 revenues
  • Be in good standing with the Indiana Department of Revenue
If you meet these criteria, you may be eligible for up to $10,000 depending on your level of decreased revenue. However, it is important to keep in mind that you can not use the same expenses that you will use to receive forgiveness of your PPP loan when applying for this grant.

If you think you qualify and would like to pursue this grant, please contact us. We are happy to talk through the process with you and assist you in gathering the financial data you will need!


--The Team at Rader & Rader