No, this is not a requirement. However, you do need to describe how the project to be funded would help your business become more resilient in the event of another disaster.
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Once approved you will have 90 days to complete the project. A one-time extension may be granted due to extenuating circumstances such as supply-chain difficulties or third-party delays in performing contracted work.
Once your project is approved, you will receive a link to submit your receipts for reimbursement.
Submit an application that will go under review. You may wish to hold off on making any purchases until your project is approved.
Any size project for any amount may be submitted for consideration, however, no more than 50% of the total eligible costs up to $20,000 can be reimbursed.
For example, if the total eligible costs equal $10,000, no more than $5,000 will be reimbursed. If the total eligible costs equal $40,000 or greater, no more than $20,000 will be reimbursed.
Yes, if your business meets the above application eligibility requirements.
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