GRANTS

 You will need to gather the following documents to submit with your application:
-Government issued Photo ID (optional)
-Recent Bank Statements
-Tax ID/EIN IRS Letter (for reference)
-Local Business permit or license (optional)
-Electronic Payment Form & voided check 

 Applicants must:
-All taxes must be in current and in good standing, with no outstanding tax liens or legal judgements, unless exempt.
-Applicants must provide a copy of their current business bank statement.
-Business began its operation and has been legally operating, including being registered with the Secretary of State, if required.
-The business is currently active and operating.
-The owner is the majority owner of and manager of the qualified business.
-The business owner’s primary means of income was the qualified business.
-The business owner can demonstrate their eligibility as a qualified business owner by providing a government-issued photo identification and documentation that includes the owner’s name. 

 For profit businesses which meet the following criteria should apply:
-Self employed workers, independent contractors, sole proprietors, and corporations.
-In good standing
-Business was the primary source of revenue for the business owner
-The business owner is the majority -owner and manager of the qualified business
-Operating within the United States.

Non profits may apply based on the following:
-Operating within the United States
-Still in operation with nonprofit 501(c)(3), 501(c)(6) or 501(c)(19) status and currently registered with the Secretary of State
-Proof of revenue with a 990 filing and current registration 

SBA provides limited small business grants and grants to states and eligible community organizations to promote entrepreneurship.

Please visit our COVID-19 relief options page for information about COVID-19 financial assistance programs for businesses, nonprofits, and faith-based organizations.

The SBA's State Trade Expansion Program (STEP) provides financial awards to state and territory governments to help small businesses with export development. 

If your small business is engaged in scientific research and development, you may qualify for federal grants under the Small Business Innovation Research (SBIR) and the Small Business Technology Transfer (STTR) programs. These programs encourage small firms to undertake scientific research that helps meet federal research and development objectives and have high potential for commercialization if successful.

SBA's 7(j) Management and Technical Assistance Program is for capable small businesses in Regions I - X interested in providing management and technical assistance and guidance to eligible small businesses. 

• SBA does not provide grants for starting and expanding a business.  
• SBA provides grants to nonprofit, Resource Partners, and educational organizations that support entrepreneurship through counseling and training programs.
• PowerStart Services only communicates from email addresses ending asia@powerstartservices.comn If you are being contacted by someone claiming to be from the Power Start who is not using an official PowerStart email address, you should suspect fraud and report it.

SBA offers grants to community organizations that promote entrepreneurship, including those that support veteran owned and service-disabled veteran-owned businesses and Small Business Development Centers.

 SBA offers grants to community organizations that promote entrepreneurship, including those that support veteran owned and service-disabled veteran-owned businesses and Small Business Development Centers. 

This funding opportunity is addressed exclusively to Boots to Business (B2B) grantees. Through this program, the SBA supports your organization for a period of five years. Learn more about B2B.

This cooperative agreement aims to support organizations that currently deliver entrepreneurship training programs to service-disabled veteran entrepreneurs who aspire to be small business owners or currently own a small business. Learn more about SDVETP.

The Veterans Business Outreach Centers Cooperative Agreement provides quality counseling assistance and training events, particularly B2B events to transitioning service personnel and spouses of veterans, veteran and service-disabled small business owners and entrepreneurs. Learn more about Veterans Business Outreach Centers.

This funding opportunity is for current Veteran Federal Procurement Entrepreneur Training Program (VFPETP) recipient organizations only, with an initial 12-month period and two option years of 12 months each. There are currently two procurement programs available through this award: procurement opportunity training for start-up small businesses and procurement training for established small firms. Learn more about VFPETP.

Offered by SBA’s Office of Veterans Business Development (OVBD), this funding opportunity supports each organization’s entrepreneurial training programs for women who are veterans, service members, and spouses of veterans and service members. Each awardee was chosen based on their demonstrated history of and commitment to providing training programs and resources to women. Learn more about WVETP.

This is a one-year funding opportunity for organizations to execute state/regional programs that increase the number of SBIR (innovation)/STTR (research and development) proposals; increase the number of SBIR/STTR awards; and better prepare SBIR/STTR awardees for commercial success. Learn more about the FAST funding opportunity.

This is a funding opportunity for a current recipient of an SBA SCORE award. In order to be eligible, you must be a current recipient of SBA funding to SCORE. For-profit businesses are not eligible for this award. Learn more about SCORE.

In order to fill the vacancy of the Host Institution for Northeast California SBDC Program, SBA invites proposals for funding from eligible entities that are institutions of higher education and Women’s Business Centers. Learn more about the SBDC Program in Northeast California.

In order to fill the vacancy of the Host Institution for Pennsylvania SBDC Program, SBA invites proposals for funding from eligible entities which are institutions of higher education and Women’s Business Centers. Learn more about the SBDC Program in Pennsylvania.

The purpose of this funding opportunity is to invite proposals for funding from entities currently funded by SBA as a Small Business Development Center (SBDC) Lead Center. Each proposal must describe recent, serious economic conditions resulting from diminished business or government operations within a discrete area served by an SBDC network. Proposals must include detailed plans to deliver technical assistance to the affected area with corresponding objectives and milestones to be accomplished. Learn more about the Portable Assistance Program.

PRIME is a competitive grant that is offered yearly, subject to available funds. Announcements are posted to grants.gov in either April or May of each year. The grant provides funding for nonprofit microenterprise development organizations run either privately, or by state, local, tribal governments, or Indian tribes.
Funds are to help these organizations provide either

• capacity-building to microenterprise development organizations, or
•  training, technical assistance, and guidance to disadvantaged microentrepreneurs.

Faith-based organizations that meet all PRIME eligibility criteria can compete for PRIME funding. Learn more about PRIME.

See our lists of past PRIME grantees.

 We will make loan payments for some existing SBA borrowers. 

As a part of the CARES Act, SBA is authorized to pay six months of principal, interest, and any associated fees that borrowers owe for all 7(a), 504, and Microloans reported in regular servicing status (excluding Paycheck Protection Program loans). This debt relief to borrowers was originally dependent on the loan being fully disbursed prior to September 27, 2020 and does not apply to loans made under the Economic Injury Disaster Loan program.

These original provisions were amended on December 27, 2020, through the Economic Aid to Hard-Hit Small Businesses, Non-Profits and Venues Act (Economic Aid Act). The Economic Aid Act revised the eligibility criteria for assistance to include all 7(a), 504, and Microloans approved up to September 27, 2020, even if not fully disbursed. All other provisions for initial debt relief remained the same.

Borrowers need not apply for this assistance. SBA provides this assistance automatically as provided below:

• For loans not on deferment, SBA will make monthly payments based on the next payment due on eligible loans for a total amount equivalent to no more than six months of installment payments.
• For loans currently on deferment, SBA will begin making monthly payments with the first payment due after the deferment period ends for a total amount equivalent to no more than six months of installment payments.

SBA has notified 7(a), 504, and Microloan lenders that it will pay these borrower loan payments. Lenders are to report to SBA periodically on the amounts due once a loan is fully disbursed. Payments collected after March 27, 2020 may be applied to the outstanding loan balance or returned to the borrower at the borrower’s discretion.

The Economic Aid Act also authorized additional debt relief payments to 7(a), 504, and Microloan borrowers beyond the six-month period prescribed in the CARES Act. The level of assistance varies based on when the loan was approved and will begin on or after February 1, 2021. Please contact your lender for questions on the availability of this assistance for your SBA loan.

The initiatives described are limited to the level of available funding provided by Congress.

Existing SBA disaster loans approved prior to 2020 in regular servicing status as of March 1, 2020, received an automatic deferment of principal and interest payments through December 31, 2020. This initial deferment period was subsequently extended through March 31, 2021. An additional 12-month deferment of principal and interest payments will be automatically granted to these borrowers. Borrowers will resume their regular payment schedule with the payment immediately preceding March 31, 2022, unless the borrower voluntarily continues to make payments while on deferment. It is important to note that the interest will continue to accrue on the outstanding balance of the loan throughout the duration of the deferment.

What does an “automatic deferral” mean to borrowers?

• Interest will continue to accrue on the loan
• The automatic deferment will be reflected on the March 2021 monthly payment notice (SBA Form 1201)
• Borrowers will not receive monthly payment notices (SBA Form 1201) during the deferment period
• Borrowers will be contacted via the SBA’s automated dialing system using the telephone number associated with the SBA loan approximately one month before the automatic deferment ends. This correspondence will serve as a reminder to borrowers of their upcoming Next Installment Due date in place of the monthly payment notice (SBA Form 1201)
• Borrowers are strongly encouraged to create an account in SBA’s Capital Access Financial System (CAFS) to monitor their loan status. SBA provides instructions for borrowers on how to enroll in CAFs.
• The deferment will not stop any established Preauthorized Debit (PAD) or recurring payment on the loan.  Borrowers with an SBA established PAD will have to contact their SBA servicing center to stop recurring payments during the deferment period. Borrowers that have established a PAD through Pay.Gov or any other bill pay service are responsible for terminating recurring payments during the deferment period.
• Borrowers preferring to continue making regular payments during the deferment period may continue remitting payments during the deferment period. SBA will apply those payments normally as if there was no deferment
• After the automatic deferment period ends, borrowers will be required to resume making regular principal and interest payments.
• For SBA disaster home and business loans covered under the previous Procedural Notices authorizing automatic deferments, borrowers will be required to resume making regular principal and interest payments after the automatic deferment period ends March 31, 2022.
• For eligible SBA disaster home and business loans approved in 2020, borrowers will be required to resume making regular principal and interest payments 12-months from their Next Installment Due Date pursuant to the terms of the Loan Authorization.
• Upon request, SBA will evaluate borrower circumstances on a case-by-case basis to determine the nature and extent of further relief that may be appropriate for each situation.

If you have questions about your current loan and whether or not your loan is automatically deferred, please contact your loan servicing office directly using the following information:

• Disaster Loan Servicing Center:
  • Phone: 202-867-2038
  • asia@powerstartservices.com