C.A.R.E.S. Act Information for Small Businesses

C.A.R.E.S. Act Information for Small Businesses

CARES Act Grant Information

The Town of Chincoteague will be soliciting grant applications from eligible small businesses and watermen that incurred business interruption costs due to the COVID-19 pandemic.

Small Businesses

Grants of up to $4,000 are available to qualifying small businesses that are located within the incorporated Town of Chincoteague. The small business must have been ordered closed or limited by the Governor’s Executive Order’s (EO) 53 and 55 or the Mayor’s Executive Order EO #1. Businesses that did not receive approval or funds from the Small Business Administration’s EIDL, unemployment insurance or PPP grants/loans will be given preference. Examples of small businesses closed or limited by these Executive Orders include but are not limited to:
• Restaurants
• Hotels, Motels, Vacation Rental agencies, Cottages
• Theatres
• Hair Salons
• Indoor/Outdoor Public Amusements
• Campgrounds
• Home Based Businesses

Example of ineligible Businesses are:

• Home Occupations and Rental Homes
• Professional Services

Small Businesses

Grants of up to $4,000 for closed or limited businesses are available to qualifying small businesses that are located within the incorporated limits. The Town of Chincoteague will be using the Governor’s Executive Order 53 and 55 as well as the Mayor’s Executive Order #1 to determine whether a small business is eligible for grant funds. Excerpts from all three orders can be found on the Town’s website under Small Business Assistance Program. Examples of small businesses closed or limited by these executive orders include but are not limited to:
• Restaurants
• Hotels, Motels, Vacation Rental agencies, Cottages
• Theatres
• Hair Salons
• Indoor/outdoor Public Amusements
• Campgrounds
• Home-Based Businesses
Not eligible for this grant
• Home Occupations and Rental Homes
• Professional Services

Funding will be made on a first come first served basis, and only one grant per business may be awarded.
Applications will be available from the Town Office during regular business hours beginning August 3, 2020.
Applications must be submitted in person at the Town Office beginning at 10 am, August 18, 2020.
Successful grant recipients will be notified by phone or email and will be required to submit a W-9 form.

Eligibility Information

• Business is physically located within The Town of Chincoteague incorporated limits.
• Business was temporarily closed or limited because of EO 53 or 55 or the Mayor’s EO #1.
• Business was open to the public and actively doing business on May 29, 2020.
• Town business license, if required, was valid on June 11, 2020.
• Town taxes must have been current as of March 24, 2020.
• Must fully complete and submit an application.
• Business must currently be in good standing with Town of Chincoteague.
Important Information Concerning your Application:
• Applications will be reviewed by the Town, and the Town in its sole discretion will make grant awards after review.
• Grants will be made on a first come first served basis.
• Applications must be submitted to the Town Office beginning 10 am on August 18, 2020, will be time and date stamped and will be evaluated by Town Officials for eligibility.
• Items you will need for your application:

      Basic business information:

 Address (business physical and mailing, if different)
 Phone Number
 Email
 Name of Business on record with the State Corporation Commission.
 Name you are doing business as (DBA)
 You will need to certify that you had a Town business license on June 11, 2020, if one is required.
 Town Business License number.
• You will need to indicate if you or your business received or was approved for any EIDL (Economic Injury Disaster Loan), PPP (Paycheck Protection Program) funds, or unemployment benefits.
• You will need to certify that the information provided on the application is accurate and truthful.

Applications will be date and time stamped at the time of submission. Grants will be awarded to qualified applicants on a first come first served basis until available funds have been depleted.