How To Apply For A Small Business Government Grant – A number of grants are available to assist small businesses affected by Covid-19. Check out the options below, and pay close attention to the dates—some application rounds close as early as January!
Do you need free money to stay afloat? Can you use up to $25,000 in government aid for your business?
How To Apply For A Small Business Government Grant
Apply by January 8th! The state of California recently announced a package of support for small businesses and nonprofits affected by Covid-19, including a $500 million grant. Grants range from $5,000 to $25,000. Applications for Round 1 will be accepted from Wednesday, 12/30/20 to Friday, 01/8/21. Businesses qualify based on their annual income, as reported on their most recent tax return. Visit www.CAREliefGrant.com/) to review your eligibility and prepare your business documents. Applications for Round 2 will be determined upon availability of funds and will be announced in the near future. Lending Sciences has been designated by the state to act as an intermediary for the program to distribute grant funds.
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On November 10, the California STEP Grant Program opened the application window for Individual Company Export Program (ICEP) grants. The ICEP program is a subprogram of the California STEP. The ICEP program is designed to reimburse California small businesses up to $5,000 USD for eligible export promotion related expenses. As this is a competitive application, not all applications will be funded. Payment awards will be made based on the availability of funds, the company’s standing in relation to STEP (preference will be given to new STEP users), the number of applications submitted and the merits of each application.
The ICEP program will reimburse California small businesses a maximum of $5,000 USD per company, per program funding year. ICEP Application Deadline: November 10, 2020 until all funds are disbursed. Permitted activities must be completed between September 30, 2020 and September 29, 2021. For more information visit: https://lnkd.in/gqhkqk5
FOUND/LA, an initiative of the Wurwand Foundation, and with outreach support from the Small Business Majority, a new grant program called the FOUND/LA Small Business Recovery Fund will protect small businesses in Los Angeles County. Applications open on January 11 and close on January 17, 2021. Grant amounts range from $5,000 to $25,000.
Grady Firm supports small businesses with corporate, employment, immigration, and contract law advising, coaching for startup entrepreneurs. To get more help with your business, schedule a consultation with Grady Firm attorneys, or call 949-798-6298. Getting a business loan can be complicated because the process and lending rules require time and attention. Breaking it down into manageable steps—from understanding needs to shopping for lenders to knowing how to apply for a small business loan—can help you get the funding you need for your business.
Women Owned Small Business Federal Contracting Program
7(a) loans are the most basic and widely used loans in the Small Business Administration’s (SBA) business loan programs. Its name comes from Section 7(a) of the Small Business Act, which authorizes the agency in the US. Authorizes business loans to small businesses.
Eligibility requirements are based on business aspects, not employers. Therefore, the SBA provides loans to businesses, not individuals. All businesses considered for financing under the SBA’s 7(a) loan program must:
You can get your credit report for free at the three major credit bureaus – Equifax, Experian and TransUnion. You can also get your credit score for free from many credit card issuers and personal finance websites, such as NerdWallet.
The maximum loan tenure is 25 years for real estate and seven years for working capital. The maximum loan amount is $2 million.
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