Rhode Island Small Business Grant Program

Business Name:

Business Name

This is the name that appears on the Secretary of State registration or Tax Forms for the business. For a Schedule C tax filer, this is the name of the person filing the taxes. An example is John Doe.

When was your business established?

Year of Business Formation:

Year of Business Formation

When did the business start operating?

Now tell us about your revenue

Please enter your revenue for 2019*:

Please enter your revenue for 2019*

Please enter your gross receipts or sales as found on your 2019 tax return. The gross receipts or sales can be found on the following lines of your business tax return:

Federal 1120: Line 1a;
Federal 1120S: Line 1a;
Federal 1065: Line 1a;
Federal 1040: Schedule C (For Form 1040, 1040-SR, 1040-NR, or 1041) - Part 1, line 1; or
Federal 1041: Schedule C (For Form 1040, 1040-SR, 1040-NR, or 1041) - Part 1, line 1.

Please enter your revenue for 2021*:

Please enter your revenue for 2021*

If you have filed your 2021 tax return, the gross receipts or sales can be found on the following lines of your business tax return:

Federal 1120: Line 1a;
Federal 1120S: Line 1a;
Federal 1065: Line 1a;
Federal 1040: Schedule C (For Form 1040, 1040-SR, 1040-NR, or 1041) - Part 1, line 1;
or Federal 1041: Schedule C (For Form 1040, 1040-SR, 1040-NR, or 1041) - Part 1, line 1.

You are not required to have filed your 2021 tax returns as a condition of the program. If you have not yet filed your 2021 taxes, this may be found through: a point-of-sale (POS) system report; or a profit and loss statement from your general ledger or accounting software (e.g. Quickbooks, Freshbooks, Xero, etc.).

Did you receive any COVID-19 financial assistance in 2021 from a Federal, State or Local Government entity?

Yes
No

Did you receive COVID-related financial assistance covering costs or expenses through 2020?

Prior COVID-19 related financial assistance includes any grants or forgiven loans you may have received in 2021 that have not already been recorded as gross receipts in your tax filings. Do not include any grant funds received in 2020 or that are already included in you gross receipt taxes above.

Possible Grant funds may include:

Paycheck Protection Program
EIDL Targeted Advance
RI Commerce Small Business Relief Grant
Division of Taxation Pause Grants
Division of Taxation Early Closure Program for Restaurants & Bars
RI Child Care Stabilization Fund or ARPA ReInvigorate Child Care Stabilization Grant Program
HHS Provider Relief Fund
National Endowment for the Arts Grant Program
SBA Restaurant Revitalization Fund
SBA Shuttered Venues
Other COVID-19 specific Relief Grants issued by a Federal, State or local entity

What is the total amount of COVID-related financial assistance received in 2021 that is not already included in reported gross revenue above?:

Possible Grant funds may include:

Paycheck Protection Program
EIDL Targeted Advance
RI Commerce Small Business Relief Grant
Division of Taxation Pause Grants
Division of Taxation Early Closure Program for Restaurants & Bars
RI Child Care Stabilization Fund or ARPA ReInvigorate Child Care Stabilization Grant Program
HHS Provider Relief Fund
National Endowment for the Arts Grant Program
SBA Restaurant Revitalization Fund
SBA Shuttered Venues
Other COVID-19 specific Relief Grants issued by a Federal, State or local entity

Total calculated revenue for 2021:

2021 Net Financial Need*:

Please enter your revenue for 2019*:

Please enter your gross receipts or sales as found on your 2019 tax return. The gross receipts or sales can be found on the following lines of your business tax return:

Federal 1120: Line 1a;
Federal 1120S: Line 1a;
Federal 1065: Line 1a;
Federal 1040: Schedule C (For Form 1040, 1040-SR, 1040-NR, or 1041) - Part 1, line 1; or
Federal 1041: Schedule C (For Form 1040, 1040-SR, 1040-NR, or 1041) - Part 1, line 1.

Please enter number of months operating in 2019*:

Please enter number of months operating in 2019*

Please enter the number of full months that the business was operating in 2019. This number must be between 1 and 11.

Total annualized revenue for 2019: Please enter your revenue for 2021*:

Please enter your revenue for 2021*

If you have filed your 2021 tax return, the gross receipts or sales can be found on the following lines of your business tax return:

Federal 1120: Line 1a;
Federal 1120S: Line 1a;
Federal 1065: Line 1a;
Federal 1040: Schedule C (For Form 1040, 1040-SR, 1040-NR, or 1041) - Part 1, line 1;
or Federal 1041: Schedule C (For Form 1040, 1040-SR, 1040-NR, or 1041) - Part 1, line 1.

You are not required to have filed your 2021 tax returns as a condition of the program. If you have not yet filed your 2021 taxes, this may be found through:

a point-of-sale (POS) system report;
or a profit and loss statement from your general ledger or accounting software (e.g. Quickbooks, Freshbooks, Xero, etc.).

Did you receive any COVID-19 financial assistance in 2021 from a Federal, State or Local Government entity?

Yes
No

Did you receive COVID-related financial assistance covering costs or expenses through 2020?

Possible Grant funds may include:

Paycheck Protection Program
EIDL Targeted Advance
RI Commerce Small Business Relief Grant
Division of Taxation Pause Grants
Division of Taxation Early Closure Program for Restaurants & Bars
RI Child Care Stabilization Fund or ARPA ReInvigorate Child Care Stabilization Grant Program
HHS Provider Relief Fund
National Endowment for the Arts Grant Program
SBA Restaurant Revitalization Fund
SBA Shuttered Venues
Other COVID-19 specific Relief Grants issued by a Federal, State or local entity

What is the total amount of COVID-related financial assistance received in 2021 that is not already included in reported gross revenue above?:

Total calculated revenue for 2021

Net Need:

Please enter your revenue for 2021*:

Please enter your revenue for 2021*

If you have filed your 2021 tax return, the gross receipts or sales can be found on the following lines of your business tax return:

Federal 1120: Line 1a;
Federal 1120S: Line 1a;
Federal 1065: Line 1a;
Federal 1040: Schedule C (For Form 1040, 1040-SR, 1040-NR, or 1041) - Part 1, line 1;
or Federal 1041: Schedule C (For Form 1040, 1040-SR, 1040-NR, or 1041) - Part 1, line 1.

You are not required to have filed your 2021 tax returns as a condition of the program. If you have not yet filed your 2021 taxes, this may be found through:

a point-of-sale (POS) system report;
or a profit and loss statement from your general ledger or accounting software (e.g. Quickbooks, Freshbooks, Xero, etc.).

Did you receive any COVID-19 financial assistance in 2021 from a Federal, State or Local Government entity?

Yes
No

Did you receive COVID-related financial assistance covering costs or expenses through 2020?

Possible Grant funds may include:

Paycheck Protection Program
EIDL Targeted Advance
RI Commerce Small Business Relief Grant
Division of Taxation Pause Grants
Division of Taxation Early Closure Program for Restaurants & Bars
RI Child Care Stabilization Fund or ARPA ReInvigorate Child Care Stabilization Grant Program
HHS Provider Relief Fund
National Endowment for the Arts Grant Program
SBA Restaurant Revitalization Fund
SBA Shuttered Venues
Other COVID-19 specific Relief Grants issued by a Federal, State or local entity

What is the total amount of COVID-related financial assistance received in 2021 that is not already included in reported gross revenue above?:

Total calculated revenue for 2021:

Please enter your 2021 operating expenses*:

Please enter your 2021 operating expenses*

2021 operating expenses can include any operating expenses except the following:

Pay taxes and monies owed to government entities;
Pay non-business expenses;
For political purposes, whether or not the expenses are business related. These expenses include but are not limited to: lobbying activities; donating to a political party; donating to a political action committee or group; using funds in support of (or in opposition to) a referendum or initiative petition; or
Cover specific expenses for which the business has or will otherwise receive reimbursement from another source including but not limited to: other government grant or loan programs or insurance coverage.

Examples of operating expenses that are eligible include payroll costs, business equipment, supplies, rent, utilities, the interest paid on a mortgage, condo area maintenance fees, condo fees, etc.

Net Need:

Initial Need Calculation Results

2021 Net Financial Need *:

Based on these responses, your 2021 net financial need meets the requirement for the maximum grant size allowed under the program.

Your 2021 Net Financial Need does not exceed $5,000. Do you have COVID-related expenses or increased costs you would like to be considered into your Net Need Calculation?

Yes
No

Increased Cost Calculator

Enter the total amount of increased compensation costs in 2021:

Compensation Costs

Increased compensation costs (including salaries, wages, tips, paid leave, and group healthcare benefits) (e.g. hired an additional employee). Please only list increases in compensation that are a direct response to the COVID-19 pandemic and compliance with public health measures. This does not include increase in staffing due to increase in business or demand.

Enter the total amount of increased rent or mortgage interest payments in 2021:

Enter the total amount of increased rent or mortgage interest payments in 2021

Increased rent or mortgage interest payments as a result of increased debt obligations or change in location

Enter the total amount of increased utility costs in 2021:

Enter the total amount of increased utility costs in 2021

Gas, electricity, cable, internet, phone if increased as a result of the COVID-19 pandemic - such as increased natural gas usage for external heaters to facilitate exterior operations

Enter the total cost of increased technology upgrades and investments completed in 2021:

Enter the total cost of increased technology upgrades and investments completed in 2021

Technology upgrades and investments as a result of the COVID-19 Pandemic: examples include website or hardware upgrades, ecommerce software or apps, touchless payment systems, digital reservation systems, laptops, computers, tablets.

Enter the total cost of physical adaptations completed in 2021:

Enter the total cost of physical adaptations completed in 2021

Physical adaptation changes in response to the COVID-19 Pandemic: e.g., plexiglass dividers, furniture/fixture modifications, contractor costs for installation, setting up outdoor dining (tables, landscaping, host stations, hand washing stations, tent purchases or rentals), HVAC related costs. This may include expenses funded by sources listed above. This may not include redevelopment costs not necessitated by the COVID-19 pandemic.

Enter the total cost of COVID-19 supplies or equipment purchased in 2021:

Enter the total cost of COVID-19 supplies or equipment purchased in 2021

Supplies or equipment purchased as a result of the COVID-19 pandemic: cleaning supplies, masks, gloves, hand sanitizer, face shields, and other COVID-19 related materials. This could also include increased costs of carry out containers, printing, and supplies a business purchased to adapt and continue operations during the COVID-19 pandemic.

Enter the total cost of professional services utilized for COVID-19 related items:

Enter the total cost of professional services utilized for COVID-19 related items

Professional services used to pivot or adapt to COVID-19 (business consulting, ecommerce platform development).

Enter the total cost of inventory replacement as a result of loss due to closure or restricted operations:

Enter the total cost of inventory replacement as a result of loss due to closure or restricted operations

Inventory replacement: Limited to food or perishable items replaced due to mandatory closures or restricted operations; may not include standard or new inventory.

Total Calculated Financial Need

Initial Calculated Need:

Total Calculated Increased Cost in 2021:

Total Final Calculated Net Need:

Unfortunately, because your 2021 net financial need is less than $2,500, you do not meet the eligibility requirements for this program. If you believe that you have not accounted for all 2021 COVID-19 related increased costs, please go back and update these values in the prior pages.

In your RI Rebounds Small Business Grant Application you should select "My business has a calculated need of less than $2,500"

Below is a screenshot of the option you should select in the application.

Select under $2500 on application

Please return to the application in order to complete your application. This grant calculator is not an official application.

Based on your calculated 2021 net financial need, you are potentially eligible for a $2,500 grant if you meet all other program eligibility requirements. If you believe that you have not accounted for all 2021 COVID-19 related increased costs, please go back and update these values in the prior pages.

In your RI Rebounds Small Business Grant Application you should select "My business has a calculated need of more than $2,500 but less than $5,000"

Below is a screenshot of the option you should select in the application.

Select between $2500 and $5000 on application

Please return to the application in order to complete your application. This grant calculator is not an official application.

Based on your calculated 2021 net financial need, you are potentially eligible for a $5,000 grant if you meet all other program eligibility requirements. In your RI Rebounds Small Business Grant Application you should select "My business has a calculated need of more than $5,000"

Below is a screenshot of the option you should select in the application.

Select over $5000 on application

Please return to the application in order to complete your application. This grant calculator is not an official application.