Back To Business Grant Application

Business Grants For Veterans

Many veterans go into entrepreneurship after their service. Unfortunately, while there are a lot of loans that are specifically for veterans, there are very few grants.

Your best bet is to visit a Veterans Business Outreach Center, where they can point you to any local grant that you may be eligible for. Each center also offers training and access to other small business resources for veterans.

The Streetshares Foundation: The Streetshares Foundation is the only reliable online source for veteran grants. They offer grants and loans for small businesses run be veterans or their spouses.

Grants are awarded each month to businesses based on how much social impact they have, and how strong their business idea is.

GrantWatch: GrantWatch doesnt offer any grants themselves, but keeps on top of new grants that are available for veterans.

Its a great way to find local grants that you might not find using the other databases on this page.

Business Basics Grants Program Now Closed

The Business Basics grants program round 3 has now closed.

We have received the maximum number of applications for both SEQ and regional Queensland funding streams for competitive assessment.

Subscribe to the Small Business Connect newsletter to keep up to date with all the latest information for Queensland small businesses.

The Business Basics grants program round 3 is closed for SEQ and regional Queensland.

Small Business Grants Specifically For Women

While grants offered by private companies and grants for startups are available to a broader range of business owners, there are also grants specifically for women-owned businesses. You can find resources and information at womens business centers, but here are two business grants for women to start with.

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Back To Business Grant Program Available Funding

$250 million in grants are available to small businesses across Illinois that experienced losses in 2020 due to the pandemic. These are set asides in the funding:

• $100 million for businesses located in designated Disproportionately Impacted Areas.
• $30 million set aside for Arts and Entertainment businesses that were not participants in Shuttered Venue Operators Grants.
• $25 million for taverns and restaurants that had not received money from the Restaurant Revitalization Fund.
• $25 million for hotels.
• $25 million available to businesses that had not received money from a BIG Grant.

Grants range between $5,000 and $150,000 for each business. The funds can be used for a wide range of purposes, including overhead, staff, and operations costs. Up to $250,000 is available for hotels.

What Type Of Credit Do You Need To Get A Grant

However, youll likely need decent credit to get your business up and running in the first place before you can even apply for most grants.

Additionally, most grants require that your small business be in good financial standing, meaning that you dont have any unreasonable debt that cant realistically be paid back.

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Back To Business Fund

The purpose of the Back to Business Fund is to provide grants to help businesses address specific, immediate priorities in direct response to the COVID-19 pandemic. This enables them to adapt or modify their premises or operating model in order to address new challenges in their trading environment.

BBF criteria have been devised to reflect feedback received through the Covid-19 Business Survey recently conducted by the council and to ensure the optimum economic impact.

The BBF focusses on providing grant funding as a contribution towards specific projects or investments being undertaken by applicants in direct response to Covid-19 and is not geared towards addressing working capital requirements or day-to-day cashflow issues.

BBF grants will provide 100% of eligible project costs , up to a maximum grant award of £2,500 with one application per business.

Great Thank You For Getting In Touch

You will be receiving an email shortly letting you know who in your region will be reaching out to you about the grant soon. In the meantime, register your business with WEDC to stay up to date on all the programs, resources and support we and our regional economic development partners offer businesses like yours.

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Back To Business Grant

The $250 million Back to Business grant program aims to deploy small businesses recovery grants for those hit hardest by the COVID-19 pandemic. The B2B grant program builds on the success of last years Business Interruption Grant program an equity-focused business relief program, which directed $290 million to 9,000 businesses in 98 communities across Illinois.

Back To Business Grant Program

Governor Pritzker and the Illinois Department of Commerce and Economic Opportunity announced last week the $250 million Back to Business grant program to support the continued recovery of small businesses across Illinois. The program builds on last year’s Business Interruption Grant program, which provided $580 million to small businesses and childcare providers across the state.

• $250 million to small businesses across the state that experienced losses in 2020 due to COVID-19
• Grants will range from $5,000 to $150,000 per business and can be used to cover a wide range of operations/staff/overhead costs
• Allies for Community Business , DCEOs grant administrator, will begin accepting applications on Wednesday, August 18, 2021

Funding Available

• $250 million to small businesses across the state that experienced losses in 2020 due to COVID-19, including the following set-asides:
• $100 million Businesses located in Disproportionately Impacted Areas see DIA Map here
• $30 million Arts and Entertainment businesses that didnt receive Shuttered Venue Operators grants $25 million Restaurants and taverns that didnt receive the Restaurant Revitalization Fund
• $25 million Hotels
• $25 million Businesses that didnt receive a BIG grant due to exhaustion of funds
• Grants will range from $5,000 to $150,000 per business and can be used to cover a wide range of operations/staff/overhead costs
• Up to $250,000 for hotels

Eligibility Requirements

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Back 2 Business Grant Announcement

Aug 11, 2021 | Uncategorized

As part of Governor JB Pritzkers overall economic recovery strategy, the $250 million Back 2 Business grant program aims to deploy small businesses recovery grants for those hit hardest by the COVID-19 pandemic. The B2B grant program builds on the success of last years Business Interruption Grant program an equity focused business relief program, which directed $290 million to 9,000 businesses in 98 communities across Illinois. B2B is a key component of the Governors $1.5 billion economic recovery plan, aimed toward a swift and equitable deployment of American Recovery Plan Act funds that have been designated for Illinois to assist in recovery from the COVID pandemic.

To assist small businesses with the B2B application process and other upcoming or ongoing economic recovery grant programs offered at the State or federal level. DCEO has invested $9 million in support of Community Navigator organizations working in every region of the state. These organizations will provide technical assistance to businesses, with a focus on underserved businesses including minority, rural, veteran and women-owned businesses.

Applications Have Been Reviewed For Eligibility And Award Status And Applicants Have Been Notified Of Their Award Status Via Email Award Distribution Is In Process

The Growing MI Business grant program is a program by the State of Michigan to distribute up to $409 Million of its American Rescue Plan Act funds to be awarded through grants to provide resources to businesses that meet certain criteria. The program will support businesses as defined by Public Act 132 of 2021.

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Businesses That Are Eligible For The Back To Business Grant

• Must be nonprofits or these for-profit business structures in the state of Illinois:
• Sole proprietorship
• C-Corporation

How Do I Apply

If you meet the eligibility criteria above, click below to start the application process. All applicants will be required to fill out an eligibility form prior to the application. If deemed ineligible, you will not be able to move forward with the application process. Applications are due by Monday, November 2nd.

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Get A Driver Medical Examination

If you are approved, you must get a driver medical examination conducted by a physician or nurse practitioner and submit the results to Ballad Group at .

This must be done within 15 business days from the date of your approval notification.

Medical Examinations

Failure to submit the results of the driver medical examination to Ballad Group within 15 business days will result in you having to contact Ballad Group again by phone or email to request another preliminary approval letter. This is required to ensure there is still grant funding available.

If you have a current, satisfactory driver medical examination already approved by Alberta Transportation , you will not be required to get another driver medical examination.

Once the results of the driver medical examination are received, Ballad Group submits them to us to ensure applicants are medically fit to drive a commercial vehicle in Alberta.

The results of the driver medical examination are filed on the Medical Examination for Motor Vehicle Operators form.

Go to Commercial drivers and medical fitness for requirements.

Good For: R& d Companies

The DoD offers grants to small businesses through the STTR program and a number of other initiatives, like the Defense Enterprise Science Initiative. The Office of Naval Research, the Air Force Office, and the U.S. Army Research Institute are all looking for research and development of technology that will help them reach their goals.

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What Is A Small Business Grant

A grant is financial assistance that is given to a person, business, nonprofit, or corporation from federal, state, county, or local governments, or private businesses or corporations. There are a number of companies, nonprofits, and government agencies providing essentially funding to small business owners in the form of a small business grant. And the best part? Grants do not require repayment of any kind.

Grants can be formed to target businesses based on a variety of factors, including minority-owned businesses, specific for-profit businesses as well as non-profit organizations, veteran-owned businesses, grants for women entrepreneurs, and more.

You dont have to make your pitch on Shark Tank, refinance your home, or take out small business loans to take the next step in your entrepreneurial journey business grants may help you get there, if you know where to look and how to apply.

Weve pulled together numerous resources for business owners searching for small business grant opportunities. The majority of these have broad grant application requirements, meaning many businesses qualify.

Compare your financing options with confidence

Finding funding doesnt have to feel like an uphill climb. Use Nav to instantly compare your best options based on your unique business data. Create an account to find opportunities youre most likely to qualify for fast.

The Coronavirus Pandemic Has Brought Unprecedented Challenges For Small Businesses And The Black Community Has Been Hit Especially Hard

The Coalition to Back Black Businesses is a multi-year initiative to support Black small business owners and the communities they serve as they recover from the COVID-19 pandemic and chart a path forward. Small businesses are critical parts of communities the strength of these businesses is essential to the recovery of their communities.

Through the Coalition, American Express, ADP, AIG, Altice USA, Dow, S& P Global Foundation, Shopify, Stanley Black and Decker, the National Black Chamber of Commerce, National Business League, U.S. Black Chambers, Inc., Walkers Legacy, and the U.S. Chamber of Commerce Foundation, will work together over the next four years to provide over $14 million in grants, training, and resources to empower Black-owned small businesses in distressed communities that have long been struggling with economic growth.

From 2020 through 2023, we will distribute $5,000 grants to applicants each fall, followed by mentorship and training, and select few will receive $25,000 enhancement grants the following summer. We hope these grants can provide some assistance to the Black business community to emerge from this crisis stronger than ever. We know the need for assistance is great, and we wish we could help everyone who needs it.

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Don’t Forget To Form Your New Business

Once you’ve decided to set up a new company, the most important next step is to form your business.Most small businesses set up as an LLC .

This keeps all your assets separate from the company, limiting your personal liability, while giving the pass-through tax benefits of being a sole proprietor.

The process of forming your company can be really simple. Incfile can handle everything for you for $0 – all you pay is any state fees. Form your company for $0 now at Incfile.

Applying For The Back To Business Grant

The State of Illinois recently announced a new $250 million Back to Business grant program to assist small businesses in the recovery from the ongoing COVID-19 pandemic and associated economic shutdowns. The grant application opened on August 18, 2021,and is expected to close by mid-October or when funds run out so were encouraging our downtown businesses to apply ASAP!

But Im just a sole proprietor Im not eligible!

Sole proprietors are certainly eligible for the B2B grant. If you owned your business for at least one month of 2019 and throughout 2020, the State of Illinois has simplified the number of documents you need to submit. Overall, your tax returns should show that your gross revenues went down from 2019 to 2020 but there is also a way for you to explain any circumstances that arent reflected in your returns.

But theres too much paperwork involved in getting a state grant.

The State of Illinois has really simplified this grant process. You only need to submit five documents to be considered:

• Business Owner ID
• 2019 Federal Tax Return
• One business bank statement from between April and December 2020, inclusive that reflects business expenses
• Most recent business bank statement

But I just purchased this business in 2020.

If you purchased a business in 2020 and have the previous owners tax return from 2019, you can still apply. The business must have been in operation at least one month in 2019 to be eligible, whether you or someone else owned it.

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Are There Any Downsides To Business Grants

A variety of factors make many business owners skeptical of the free money that business grants offer. While every grant has a different application period, rules, terms, and conditions, here are some potential downsides you should keep in mind when applying.

As mentioned above, business grant funds are taxable income for IRS purposes. The funds will still be free money for your business, but you will need to make sure you dont spend the entire payout without planning for the added income in your tax bill.

Business grant applications take time. Youre already a time-crunched business owner wearing a million hats, do you really have time to apply for every business grant opportunity you come across? Its a valid complaint about business grants. The likelihood of winning the grant can be small depending on the size of the contest, so you have to make your own cost/benefit analysis to figure out if your most precious asset time is worth it.

Small business grants may require campaigning. Many business grants require a social media component, where you campaign or share something publicly about your grant application. Thats not necessarily a negative if you have an active and vocal social media following, but campaigning does take additional time and some business owners may understandably not want to be as public about their search for money.

What Is The Back To Business Grant Program

For 2020 into 2022, businesses around the globe suffered significant economic loss as a result of the pandemic. Between mandatory shutdowns, stay at home orders, and self-isolation, the U.S. economy lost trillions. Many businesses shut their doors for good and employees lost their jobs or quit. Illinois Governor, JB Pritzker, decided to roll out an economic recovery plan. Known as the Back to Business Grant Program , the plan called for relief to businesses hit hardest by the pandemic.

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Small Business Development Centers

Once youve exhausted your searches for grants from federal agencies, the next stop on your list should be local and state business grants. You may be able to hit paydirt and find some of these on your own, but theres a free, local resource that may help.

Small Business Development Centers are a business owners best friend. Local, regional, state, and national offices mentor small business owners and help them understand business financing options, craft marketing strategies, and connect to other local small business owners .

One thing they can help with, for example, is creating a business plan that can help you create an exciting vision for your company, and a compelling pitch on how youll use the grant money. They may also be able to help you navigate federal small business grants.

One thing they can help with is navigating the grant process. Very few people have as much visibility as SBDC advisors do on the local business grant scene. Its the one appointment you cant afford not to make when searching for small business grants.