• Keith Fulfer

The State of Tennessee and Shelby County offers small business help

Both the state of Tennessee and Shelby county is offering grants to help support small businesses. The good news is that the applications are fairly easy to navigate. The bad news is not everyone qualifies. Here is a brief overview of both with appropriate links.


Shelby County announces $2,000 grans for personal service businesses.


During the Tuesday, Aug. 11, COVID-19 Joint Task Force briefing, Shelby County Health Department director Dr. Alisa Haushalter and Shelby County Commissioner Mickell Lowery, announced the “Our Beautiful Comeback Grants.”


Who is eligible? Owners of local nail salons, hair salons, barbershops, tattoo parlors, and other personal service businesses are eligible to apply for these stipends. Shelby County recognizes that personal service businesses have been hard hit by the shut down orders.of up to $2,000.


Businesses interested in applying for these grants can click here.


You will need several documents before you start the application process. Here is a list. It makes the process much easier if you already have scanned or electronic images saved on your computer.


BUSINESS LICENSE #

SCANNED COPY OF THE BUSINESS LICENSE (OR PHOTO)

PROFESSIONAL LICENSE #

COPY OR PHOTO OF DRIVER’S LICENSE

PROOF OF OWNERSHIP OF PROPERTY (or lease agreements, utility bills, etc if you do not own your own location)

A COMPLETED FORM W-9

SIMPLE BUDGET ON HOW THE $2,000 WILL BE USED.


The Tennessee Business Relief Program


The Governor announced this program in June and there is still monies to be disbursed. This program is designed to reimburse small businesses for costs incurred as a result of the mandatory closures. The monies given are considered grants and do not have to be repaid.


You can get information here.


The general eligibility is for businesses with gross sales up to $10 million. The size of the grant is dependent upon the gross sales numbers. Here is a partial list of the businesses eligible.


You can apply yourself online using Tennessee's Department of Revenue's tool TNTAP. You will need your Business tax account or sales tax account number, your Federal ID number and the last payment made on either account. You will get a quick response from TN if you qualify. TN uses a list of NAICS codes (found on your tax return) to decide if you qualify. The governor may be expanding the list if the monies is not distributed.


Here is a partial list.

· Barber shops

· Beauty shops

· Nail salons

· Tattoo parlors, spas, and other close contact personal care services

· Gyms and fitness centers

· Restaurants

· Bars

· Hotels and other travel accommodations

· Theaters, auditoriums, performing arts centers, and similar facilities

· Museums, zoos, and other similar attractions

· Amusement parks

· Bowling centers and arcades

· Marinas

· Amusement, sports, and recreational industries

· Promoters of performing arts, sports, and similar events

· Agents and managers of artists, athletes, and entertainers

· Independent artists, writers, and performers


In addition, the following small businesses are eligible if their sales were reduced by at least 25%, as shown on their April sales tax returns (filed in May):

· Furniture stores

· Home furnishing stores

· Clothing stores

· Shoe stores

· Jewelry, luggage, and leather goods stores

· Sporting goods, hobby, and musical instrument stores

· Book stores

· Department stores

· Office supply, stationery, and gift stores

· Used merchandise stores

· Other miscellaneous stores


 We understand that applying for these resources may be challenging to some people so feel free to give us a call and we can help you through the process.


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