What will be required of the business owner for the disbursement of funds?

You will be required to sign a grant agreement, provide a voided business check (or, if you are a sole proprietor, a voided check from your personal checking account), and submit a W-9 form. 

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What are the requirements for the grant money, will I have to report anything after being approved?

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I use Venmo, PayPal, Zelle, or Cash App as my business bank account. Can I receive my grant through those apps?