Up to $20,000 Grants for Small Businesses in Underserved Communities.
This Act establishes a new SBA grant program offering up to $20,000 to eligible small businesses. The funding is specifically targeted at enterprises owned by minorities, women, veterans, individuals with disabilities, and those operating in rural or low-to-moderate-income areas. The goal is to foster business growth and job creation in communities that have historically faced barriers to accessing capital.
Key points
Grants up to $20,000 are available for qualifying small businesses, with a total limit of one million grants to be awarded.
The program prioritizes businesses located in low-income areas, rural areas, HUBZones, and those owned by disadvantaged groups (e.g., minorities, women, veterans, formerly incarcerated individuals).
Financial support will be distributed through community-focused financial institutions, which will also receive technical assistance.
Status:
Expired
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