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BUILD

2021 BUILD Microgrant Program
CLOSED  Deadline  6/30/2021
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General Information  [hide this]

 Build Grant Program Definition of Small/Microbusiness: Business with no more than 1-5 employees and annual revenue under $51 thousand.

Other eligibility requirements: Applicant may not be delinquent in the payment of Dallas County taxes; currently, be in a lawsuit with the city; be an elected official of the city or a city employee.

Type of assistance: Small Business Grant.

Payments will be made directly small business owner or grantee 

Maximum grant amount: up to $2,000.00


Required Documents  [hide this]

Required documents for businesses with a commercial location:

  • Texas driver’s license or other government-issued identification,
  • proof of operations (utility bill for commercial location, certificate of occupancy, lease invoice, etc.),
  • business entity filing with the Secretary of State OR, for sole proprietors, DBA filed with Dallas County,
  • signed year-to date month-by-month profit and loss statement (January-May 2021),
  • all pages of May business bank statement (including check images) with expenses clearly highlighted,
  • all May rent/mortage and utility invoices/bills
  • all pages of 2020 business tax return or personal income tax return with Schedule C 
  • signed Q1 2021 IRS 941 (Note: only required if business has employees),
  • signed W-9,
  • any other documents necessary to determine a business's eligibility to receive a grant.

Required documents for a home-based business

  • Texas driver’s license or other government issued identification,
  • signed year-to-date month-by-month profit and loss statement (January-May 2021),
  • proof of operations (may use tax return, DBA, etc.),
  • business entity filing with the Secretary of State OR, if sole proprietor, DBA filed with Dallas County,
  • 2020 business tax return or personal income tax return with Schedule C 
  • signed W-9.


Frequently Asked Questions  [hide this]

Frequently Asked Questions

  1. Who can apply for this grant?
  • Definition of small business: 

     Build Grant Program Definition of Small/Microbusiness: Business with no more than 1-5 employees and annual revenue under $51 thousand.

  • Other eligibility requirements:Applicant may not be delinquent in the payment of Dallas County taxes; currently, be in a lawsuit with the city; be an elected official of the city or a city employee.
  • Type of assistance:Small Business Grant.
  • Payments will be made directly to small business owner or grantee 
  • Maximum grant amount: up to $2,000.00

****non profits need not apply

 

2. How much funding will I receive?

The grant will provide up to $2,000 per awardee.

3. How can I use the grant funds?

    1. Business service line expansión
    2. Rent, lease or mortgage payment for real property used for business purposes, like storefront or warehouse
    3. Rent, lease or purchase payment for business property (e.g., delivery vehicle; food truck; kitchen equipment; technology, payment, and communications systems and equipment)
    4. New or expanded technology applications and WiFi services
    5. Utility payments for business properties
    6. Supplier and Vendor payments
    7. Eligible Taxes and Fees (specifics to be identified in the invoicing materials)
    8. Payroll expenses

4. For what time period are expenses eligible?

You may request reimbursement for eligible expenses from Jan, 2021 to Dec 30, 2022.

5. Can I use grant funds to pay my employees?
Yes.

6. Can I use grant funds to pay for product and inventory?
Yes, You may pay supplier or vendor costs.

7. Must expenses be new expenses directly related to covid-19 to be able to be eligible?

No, non-covid expenses can be submitted.

8. How long will reimbursement take?
Approximately 30 days from a correct invoice.

9. Am I required to keep the same number of employees to stay eligible?
No, this program is not dependent on keeping employees on staff.

10. What if I don’t have cash flow now to make these purchases and be reimbursed later?
Those purchases, if an eligible use, can be requested in a subsequent month’s reimbursement request.

11. I run my business from my home. Can I use this program for my home mortgage or utilities?
No. Only properties that are used exclusively for business purposes are eligible.


12. What if I lose my receipts / pay with cash?

Documentation is required for reimbursement.

12. I am a non-profit, can I apply for this grant?

No, non-profits are not part of this grant program

 

Geographic eligibility:

  1. What if my business is in Dallas County but I live in the City of Dallas?

For the purposes of eligibility for this program, only the address where your business is officially is registered is considered. It does not matter where your home address is.

2. What if my business is in the eligible area, but my service area is outside of the City of Dallas?

For the purposes of eligibility for this program, only the address where your business is officially registered is considered Your service area is not a factor in eligibility.

3. I run my business out of my home, which is an eligible area, but it’s technically registered with a City of Dallas address. Am I eligible?

For the purposes of eligibility for this program, only the address where your business is officially is registered is considered. It does not matter where your home address is.


Library  [hide this]
Description File Name Date Uploaded File Type
Frequently Asked Questions 2021BUILDGRANTPHASEONEFAQs-A.docx 6/10/2021 1:05:01 PM DOCX


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Please include your business address only. Do NOT include your home address. 


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