cover image: AK CARES Funding Program: Informational Sheet and Checklist - AK CARES Funding Program FAQs

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AK CARES Funding Program: Informational Sheet and Checklist - AK CARES Funding Program FAQs

5 Aug 2020

Eligible Business Expenses include: x Payroll costs and expenses; x Payment of eligible expenses incurred during the eligible timeframe and charged to a credit card or charge account (a copy of the credit card or charge account statement is required for verification, and eligible expenses should be highlighted on the document); x Rent or mortgage payments for business facilities (unless otherwise. [...] x Payment of eligible expenses incurred during the eligible timeframe and charged to a credit card or charge account (a copy of the credit card or charge account statement is required for verification, and eligible expenses should be highlighted on the document): o Expenses paid or charged for eligible expenses starting during the eligible timeframe. [...] How do I calculate the grant amount in the application? Subject to the cap of $100,000 per applicant business, the maximum amount of funding a business can apply for is based upon the following calculation: 1. [...] How long will the program operate? The program will run until the earlier of: x November 15, 2020; x The end of the Governor's declared COVID-19 State of Emergency for the State of Alaska; or x Once the program's cap is reached. [...] The reimbursement will be issued to the applicant business, but the Program Operators still need the creditor’s name and the invoice.
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United States of America