I. General Requirements
A. Must be a current City business owner for at least the previous 2 years, as of November 1, 2021.
B. Business owners must provide all the following:
1. A copy of their valid, picture ID with the application;
2. A completed W-9;
3. Copies of business license from 2019, 2020 and 2021; AND
4. To verify there are less than 25 employees, provide copies of 2019 & 2020:
i. W-3- Transmittal of Wages and Tax Statements, or
ii. Form 1096-Annual Summary of U.S. Information Returns
II. Specific Requirements
A. Business must have experienced revenue loss of at least 35% since March 1, 2020.
B. The following items must be provided as proof:
1. Annual Profit and Loss (P&L) Statement for 2019 & 2020
2. P&L by month for 2019 & 2020
3. Copies of one of the following for 2019 & 2020
i. 1040 Individual Income Tax Return with a Schedule C Profit or Loss from Business, or
ii. 1120 US Corporation Income Tax Return, or
iii. 1120-S US Income Tax Return for an S Corporation for the past two years; AND
4. Copy of the IRS transcript of submissions 2019 & 2020
NOTE: Non-Profit organizations are not eligible at this time.