If your small business was impacted by the pandemic, you’ve probably been hearing about the “free government grant money” out there to help you keep things running. Congress has passed a number of bills to help small businesses affected by the coronavirus. That’s meant tax credits, loans, and lots of other resources to help you out during these challenging times.
But free money? From the government? It sounds too good to be true — right?
Good news: It’s not.
From the federal Paycheck Protection Program (which you may have heard referred to as the PPP) to COVID-19 Economic Injury Disaster Loans (sometimes called EIDL), there’s a lot of money out there for small businesses who’ve been negatively affected by the coronavirus. Here’s a look at some of the federal resources available to help small businesses just like yours.
Free Government Grants
Here are some of the grants the team at ClaimYourAid.com works to help business owners claim:
Restaurant Revitalization Funding
Just as the name implies, this free government grant has helped restaurants affected by the coronavirus. Established under the American Rescue Plan Act, created by the United States Congress, the fund provided restaurants with funding equal to their pandemic-related revenue loss of up to $10 million per business. The grant ended, but there’s plenty of talk that it may come back!
New York Small Business Recovery Grant
The federal government isn’t the only one serving up grant assistance to small businesses. We’ve been seeing state governments show up for small businesses too. One example comes from New York where small business owners have been able to get as much as $50,000 in grant money under the New York State COVID-19 Pandemic Small Business Recovery Grant Program.
Research and Development Grants
It isn’t just the pandemic that opens businesses up for free government money. Is your business involved in research or development? There may also be grant money available to help your business grow under the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs!
Shuttered Venue Operators Grant
Sometimes known as the SVOG, the Shuttered Venue Operators Grant is no longer accepting applications although it’s still often mentioned in the small business community. The grant was created to help businesses that had to shut their doors in order to maintain social distancing and keep Americans safe during the pandemic.
Bottom Line
Although they do not require repayment, most grants do require a lot of paperwork to show proof of eligibility and sometimes even show where and how the money is spent. Grant writers and experts like the team at ClaimYourAid.com specialize in this kind of paperwork to help small businesses get the money more easily — and spend less time jumping through grant hoops. This way you can focus your time on running your business.
Set up a free consultation now with the ClaimYourAid.com team to find out which programs your business qualifies for.