What documentation is required for the SBGP?

Documentation of business* (choose one of the following)

  • Secretary of State Texas file number
  • State of Texas license number
  • DBA, 2018 or 2019 tax return (return only, schedules not required)
  • Social Security Number
  • Employer Identification Number or Individual Taxpayer Identification Number
  • Certificate of Filing.

*Sole proprietors provide documentation on when you started your business. Ex. Include Occupational license, Sales Tax Certificate

All of the following documentation is required, if applicable

  • Drivers’ license or state-issued ID
  • Most recent filed business tax return (return only, schedules not required)
  • Supporting information on monthly payroll and fixed costs for first quarter of 2020 (Form 941) - including gross payroll, retirement costs and health insurance costs; since it is assumed that payroll costs will be low for March of 2020, a pre-COVID monthly-average will be applied to arrive at a reasonable estimate of payroll costs up to three months.
  • Signed month-by-month January 1, 2020 through May 31, 2020 P&L statements
  • Bank Statements for January - May 2020
  • Sole Proprietor applicants provide 2018 or 2019 Schedule C
  • Documentation of fixed expenses, rent, lease or mortgage payment for real and business property that is paid to an unaffiliated/unrelated third party, utilities, and property/general liability insurance excluding cost of your personal residence
  • PPP or EIDL grant agreement or promissory note, if applicable
  • Form W-9
  • Each business will be required, as part of the application process, to attest that they are not an ineligible business.

Show All Answers

1. My business received Paycheck Protection Program (PPP) funding. Am I still eligible for a TriCities SBGP?
2. What documentation is required for the SBGP?
3. Do I need to file all listed documents?
4. What documentation do I need for proof of the existence of my business?
5. How do I prove how long I have been in business?
6. What businesses are considered “sole proprietorships” to use net income to calculate payroll costs?
7. My business has locations in Collin County and other counties. Do I qualify for the SBGP?
8. My professional services business was considered essential by local \ state government orders, but I feel that my business was affected by the mandates. Can I still apply?
9. Will I be notified if my application is not approved?
10. How soon will these grants be awarded?
11. Who can I call to answer some of the questions I have about this application?
12. What expenses can the SBGP be used for?
13. What does the application review and award process look like?
14. Which businesses are ineligible?
15. Where does the funding for this grant come from?
16. My business is located in a coworking space, is my business eligible to apply for a grant?
17. I had a storefront/office location prior to the COVID-19 pandemic restrictions issued by the State of Texas and was forced to close my physical presence. Am I eligible for a grant?
18. Who makes the grant award decisions?