It is important to note that the criteria described here do not guarantee a grant. It is also important to remember that a business grant does not mean you qualify for more than one grant. For example, you cannot apply for a business grant if you already have a loan or grant from an individual.
Can I apply individually for a grant of $5,000 ($10,000 if married filing jointly)?
Yes, you may apply for a grant of $5,000 ($10,000 if married filing jointly). A number of factors will be considered when deciding on an application – such as the size of your business.
What if I already have a grant from another U.S. source?
You may be eligible for a new grant if you already have a grant from another U.S. source. There is no minimum amount for a grant from a foreign source. If you have already received grants that were equal to or greater than the $5,000 ($10,000 if married filing jointly), you will not be disqualified from applying. If you already have a new grant of $5,000 ($10,000 if married filing jointly) from another source, you cannot apply for a new grant of $5,000 ($10,000 if married filing jointly) to this new grant.
Can I be disqualified from applying if I don’t have valid U.S. business/investment/grants?
Yes, you can be disqualified from applying for a grant if you have not made a substantial investment or business in the United States or if you are not actively engaged in providing services to a qualified person(s) with a qualifying business interest.
How long will I have to apply for a business grant?
You must submit your application for your new grant (if applicable) for your current grant (if applicable) to the IRS by the deadline that you received your new award. Applications for grants may be submitted, although the deadline is April 15 each year.
What type of business grant should I expect?
For the most part, grantees usually wish to build their business and create additional income and potential for expansion. Some grantees want to focus on a specific industry/s. It is important that grantees understand the requirements of the business grant in order to determine whether they qualify. It is also important to remember that no matter how broad a business grant may seem from the applicant pool, as the size of the economy grows, business grantees
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