Deadline: 03-Aug-20
The Local Initiatives Support Corporation (LISC) is seeking applications for the Small Business Relief Grants Program.
LISC is one of the country’s largest social enterprises supporting projects and programs to revitalize underserved communities and bring greater economic opportunity to residents. They invest in affordable housing, quality schools, safer streets, growing businesses and programs that connect people with financial opportunity. In response to the pandemic, they are delivering resources and expertise to support communities, businesses and people.
Funding Information
Grants will be made in amounts ranging from $5,000 to $20,000. LISC will use the funding to provide grants to businesses facing immediate financial pressure because of Covid-19.
What can the grant be used for?
- Payables to include rent and utilities
- Meeting payroll (to include the applicant)
- Paying outstanding debt to vendors
- Other immediate operational costs
The Grantee shall fully comply with all applicable federal, state, local (and any other governmental) laws, executive orders, rules, and regulations in connection with its use of grant funds.
Eligibility Criteria
- Applicants may apply for one business only and must be 18 years of age to apply. For business owners with multiple businesses, please complete this application based on your largest business owned. Each grant is limited to one individual/business.
- Awards will be made to qualified businesses, and eligibility is based on accurate and complete submission. Priority will be given especially to entrepreneurs of color, women– and veteran-owned businesses and other enterprises in historically under-served places who don’t have access to flexible, affordable capital.
- All awardees will have to certify that they are promoting the best interests of the community and are negatively impacted by the Covid-19 crisis.
- Non-profit organizations are ineligible for this particular relief funding program.
For more information, visit https://www.lisc.org/covid-19/small-business-assistance/small-business-relief-grants/