Rhode Island Small Business Grants
Seven nonprofit organizations are sharing more than 500000 in grants from the Rhode Island Health and Educational Building Corp.
Rhode island small business grants. On October 14 it was announced maximum grant sizes are doubling from previous amounts with awards now ranging up to 30000. Rhode Islands microenterprise stabilization grant program is designed to assist small businesses that have been impacted by COVID-19 and left out of federal stimulus programs to-date. These are working capital loans to help businesses and private nonprofit organizations of all sizes meet ordinary and necessary financial obligations that cannot be met as a direct result of the disaster.
Helping small businesses non-profits most affected by COVID-19. The grants deployed by Commerce and drawing upon CARES Act funding are aimed to help businesses pivot their business models safely shift to remote work and support the states hospitality arts and tourism organizations. The program will provide grants of up to 5000 to qualifying microenterprises.
Small Business Administration SBA has approved economic injury disaster loans EIDL for Rhode Island and contiguous counties. You can learn about those here. Grants will be available for up to 15000 for eligible Rhode Island businesses impacted by COVID-19.
Go to Next Section. To help them complete major projects. The application portal for the Restore RI Small Business Grant Program went live Monday night.
Grant amounts will be calculated based on the number of employees and the degree of revenue loss. The US Small Business Administration SBA is offering low-interest federal disaster loans to Rhode Island small businesses suffering substantial economic injury as a result of the Coronavirus COVID-19. Grants can be applied to.
Support for commercialization of a new product process or service. Companies with 500 employees or less can receive up to 50000. There are several loan programs available to meet your business needs.