CDBG CV-19 Small Business Recovery Grant

Phase 2

The Village of Schaumburg CDBG-CV Small Business Recovery Grant is now open to additional business types and contains revisions to the eligible use of funds. Applications will be reviewed and awarded on a first-come, first-served basis until all funds are disbursed.

Please complete the steps below before proceeding with your application. Once you start your application you cannot save it and return later. You will need to start over if you leave before you hit the submit button.

Step One: Read the program guidelines to understand the program.

Step Two: Have these items ready to upload in the application portal:

2019 Business Tax Return
2020 Business Tax Return
2021 Financial Statements
Copy of signed Lease or Proof of Property Ownership
Most recent IRS Form 941
Valid Identification-Drivers License, State ID, or Passport

Step Three: Download these Village documents onto your computer, fill them out, and then have them ready to upload once you enter the application portal.

7. Project Description & Cost Statement

8. Full Time Equivalent Payroll Statement

9. Duplication of Benefits Form for each assistance grant & loan received

10. Signed W-9 IRS form

Step Four: Click 'Next' button on the right to enter the application portal.

If you have any questions, contact Tim Dutter at (847) 923-3852

By continuing I agree that I am willing to complete a digital version of the document(s) and that information about my user session will be stored.

Village of Schaumburg Small Business Recovery Grant

Name of Business

Owner Email Address

Business Owner Phone Number

Date of Schaumburg issued business license (must be prior to April 1, 2020 to be eligible)

Business Property

Rent

Own

Maximum grant award request based on total weekly payroll hours not including owners, shareholders, contractors and temporary or seasonal employees.

$5,000 (20-39 Weekly Payroll Hours)

$15,000 (121-240 Weekly Payroll Hours)

$10,000 (40-120 Weekly Payroll Hours)

$20,000 (241 or more Weekly Payroll Hours)

Your total project cost estimate

Eligibility Checklist: by placing a checkmark next to each item you are confirming it is true. All items must be checked in order to be eligible.

Not on the program ineligible applicant list (see page 2 of the Program guide)

Have been in operation in Schaumburg prior to April 1, 2020

If a national or regional franchise or chain, I do not own more than one unit

Have at least 20 payroll hours not including owners, shareholders, contract employees, 1099 employees, or temporary and seasonal employees

At least 51% or more payroll hours are held by low- to moderate-income individuals as defined by HUD (earn $52,200 or less).

Commit to retaining current payroll hours

Commit to providing additional financial documentation if selected to move forward in this application process

Commit to providing quarterly reports and supporting documents for term of loan if awarded

Provide evidence that the COVID-19 outbreak caused a decrease in revenue of at least 20%

Do you have any outstanding unpaid judgments?

Are you a party in a law suit?

Please describe how you would use the funds and how the planned use would aid in your pandemic recovery efforts. Make sure your project is an eligible use of funds found in the guidelines. Operating expenses, other than rent, are not eligible uses of these grant funds.

REQUIRED DOCUMENTS

1) 2019 Business Tax Return (required if in business prior to 2020)

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2) 2020 Business Tax Return (required)

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3) 2021 Financial Statement

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4) Most recent IRS Form 941

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5) Signed lease or proof of property ownership

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6) Valid Identification-Drivers License, State ID, or Passport

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Required Documents below are found on the previous page. You will need to have them filled out, signed and uploaded to your computer before you can put them in the appropriate sections below.

7) Project Description & Cost Statement (template is found on previous page)

Click Here to Upload

8) Full Time Equivalent Payroll Statement (template is found on previous page)

Click Here to Upload

9) Duplication of Benefits Form for each assistance grant & loan received (template is found on previous page)

Click Here to Upload

10) W-9 IRS form. Line one must match the business name on tax returns (Link is found on previous page)

Click Here to Upload

Certification

I agree to comply with the program regulations of the U.S. Department of Housing and Urban Development (HUD), Community Development Block Grant-CARES ACT (CDBG-CV), and the Village of Schaumburg, including 24 CFR Part 570-Communities Development Block Grants.

I acknowledge that Village staff will ensure my for-profit business has a current Certificate of Occupancy and has no license or fee delinquencies. I confirm my business is not a 501 (c)(3) nonprofit organization.

I am aware that Village staff may request additional information, including but not limited to Small Business job creation/retention certifications from employees.

I certify that the expenses for which I am seeking reimbursment are related to the prevention, preparation for, and response to COVID-19, and will repay to the VIllage of Schaumburg any expenses that have been determined to have been paid for using other assistance received or if I no longer meet the obligations stated in the program.

I am aware that I must sign a Subrecipient Agreement with the Village of Schaumburg to comply with HUD regulations and to enable payment to be released to my business.

I hereby declare under penalties of perjury that all information submitted is, to the best of my knowledge accurate and true. I understand all guidelines and requirements of this application. The property, business, and employees are free and clear of any default or violations with any Federal, State, or local departments and programs including but not limited to any HUD and/or CDBG funded programs, property code compliance, permits and zoning compliance, food and beverage tax, etc.

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