Resources
Small Business Loan & Grant Programs
Delaware Relief Grants:
The DE Relief Grants application portal closed on Thursday, April 1; bonus payments must be claimed by April 15.
If you are an existing DE Relief Grant recipient, you have until April 15 to claim any outstanding bonus payments. Bonus payments not claimed by April 15 will be forfeited. To check if you have a bonus payment to claim please check your portal here or e-mail DEReliefGrants@delaware.gov.
More information can be found here.
EDGE Grants: Encouraging Development, Growth & Expansion
The Delaware Division of Small Business awards EDGE Grants through a competitive selection process. STEM-based companies can receive up to $100,000 for eligible expenses. Entrepreneur Class (non-STEM) businesses can get up to $25,000. The funds are provided as a $3 (state) to $1 (business) match. And the Division can provide up to 15 grants per application round (5 STEM/10 Entrepreneur). More information can be found here.
The current application round for EDGE Grants is April 1 to April 30, 2021. Link to the application is here.
Small Business Association Loan & Grant Programs:
PPP Loans are available until May 31, 2021!
The Paycheck Protection Program (PPP) is a loan designed to provide a direct incentive for small businesses to keep their employees on payroll during this time. This loan is forgivable as long as you maintain compensation level, it is spent on payroll and other eligible expenses, with 60% being on payroll. Click here for details on forgiveness: PPP loan forgiveness.
Go here for all the information on PPP.
EIDL Loans are still available!
EIDL loans provide economic relief to small businesses and nonprofit organizations that are currently experiencing a temporary loss of revenue due to COVID-19.
The purpose of this loan is to help you meet financial obligations and operating expenses that could have been met had the pandemic not occurred.
See all information on EIDL loans here.
Shuttered Venue Operators Grant
This grant provides emergency assistance for eligible venues affected by COVID-19. Eligible applicants may qualify for grants equal to 45% of their gross earned revenue, with the maximum amount available for a single grant award of $10 million. Eligible entities include:
- Live venue operators or promoters
- Theatrical producers
- Live performing arts organization operators
- Relevant museum operators, zoos and aquariums who meet specific criteria
- Motion picture theater operators
- Talent representatives
- Each business entity owned by an eligible entity that also meets the eligibility requirements
For all the details on the Shuttered Venue Operators Grant, go here.
Tax Season is Upon Us!
Below are Resources referenced during the Tax Prep for Small Businesses Webinar, given on February 4th, 2021.
Thank you, Stewart E. Renard, CPA, for the very informative presentation!
Questions? Call Stewart at 302-291-2718, email him at stewart@srenardcpa.com, or check out his website at www.srenardcpa.com
Summary of Year-End Coronavirus Relief Act (PDF)
HELP Eligibility Requirements (PDF)
Small Business Tax Presentation 2-4-21 (PDF)
Business-Client Letter for Year-End Coronavirus Relief Act (PDF)
