5 Star Accounting and BusinessBusiness Do you qualify for $5B small business grant program?

Do you qualify for $5B small business grant program?

Eligible small business owners can now receive grant assistance through the Small Business Administration.

 

Five billion dollars in grants known as Supplemental Targeted Advances are now available to about 1 million businesses hardest hit by the ongoing pandemic.

 

Businesses that benefited from prior programs, such as the Economic Injury Disaster Loan Advance, can still receive additional help of up to $5,000.

 

The Small Business Administration is vetting small businesses to see if they also qualify for a supplemental grant, which is awarded as applications are submitted.

 

Here’s how your business can qualify:

 

  • Businesses must be located in low-income communities.
  • Business losses must have reached at least 50% over an eight-week period.
  • Companies that are no larger than 10 employees.

 

To learn more about the grant funding, visit SBA.gov/eidl or email questions to TargetedAdvance@sba.gov.

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