Small Businesses May Be Eligible For Funds From The State
Friday, September 25, 2020
Businesses eligible for the Tennessee Business Relief Program have until today to confirm their information with the Department of Revenue so they can receive up to $30,000 in no-cost funds from the state.
More than 40,000 small businesses across more than 60 business types are eligible for the Tennessee Business Relief Program.
The Business Relief Program is unique, as the Department of Revenue has already sent emails or letters to many small businesses letting them know they may be eligible for the relief program. However, before they issue federal funds, they need business owners to verify certain information. Governor Bill Lee announced the relief program June 2, 2020, and he expanded it to additional industries on August 13, 2020.
Depending on the gross sales of the businesses, relief payments range from $2,500 to $30,000.
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