SMALL BUSINESS STIMULUS GRANT PROGRAM

ASSISTANCE AVAILABLE:

The Small Business Stimulus Grant Program provides a minimum of $100,000 for businesses with fewer than 50 full-time equivalent employees and less than $5 million in annual revenue. Pre-launch and start-up companies may qualify.

ELIGIBILITY CRITERIA:

An Applicant Must:

• Be a US-based small business owner (applicant must be the principal i.e., majority owner).

• Have been in operation prior to November 1, 2022 or plan to open in calendar year 2022.

• Be in operation at the time of application or plan to open within thirty days of application date (businesses that have ceased operations are ineligible).

• Have fewer than 50 full-time equivalent employees.

• Have less than $5 million annual revenue for fiscal years 2020 and 2021, if applicable

• Not be an ineligible business including one engaged in illegal activities, loan packaging/lending, gambling, passive real estate investment, illicit adult entertainment or where the owner is on parole.

ELIGIBLE USE OF PROCEEDS:

Eligible use of proceeds include operating working capital expenses for your small business such as purchase of inventory/supplies, lease or purchase of equipment, operation, hiring staff, location expansion, marketing, or other expressly permitted uses.

Initial funding is normally dispersed within three to five business days after a completed application is received.

HOW TO APPLY:

Applicants can request an application by texting their email address to 815-994-0870 (no cost to apply). The deadline is November 30, 2022 unless extended by mandate.

Terence Connell, CPA

Entrepreneur, Webmaster