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S, keyword: SBAdvantage 7000-BK-DEP4317 6/2011 SECRETARY Dear Friend: On behalf of Governor Corbett, I am pleased to invite you to apply for the seventh round of the Small Business Advantage Grant program. The program provides Pennsylvania small businesses with 50 percent matching reimbursement grants of up to $7,500 to implement pollution prevention or energy efficiency projects and assists various business sectors to transition into competitive markets. The small business community is criti.

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To help further, we have put together a checklist to follow to help when determining the legitimacy of a grant. Did you Apply for that Grant? ... Did They Ask You to Pay a Fee? ... Is the Funding Source Well-Known? ... Did They Notify You via Social Media?

Previously, as part of the SBA's Economic Injury Disaster Loan (EIDL) program, small businesses could apply for an EIDL grant of up to $10,000 as an advance on their EIDL loans. These advances were treated as tax-free grants and did not need to be paid back.

SBA Express loans, part of the SBA's 7(a) loan program, offer the easiest application process and the fastest approval times among all SBA loans. These loans, with payoff periods as long as 25 years, are designed for purposes such as refinancing debt, buying equipment, or improving real estate.

Grants can be an attractive financing option because it provides an injection of capital that does not have to be repaid. Grants create their own opportunity costs, including staff time to write, monitor, and report and to execute the program deliverables.

Small Business COVID-19 Relief Grant Program Grants are available to California-based businesses operating since at least June 1, 2019 that have been affected by COVID-19. Small businesses with $1,000 to $100,000 in annual gross revenue are eligible for a $5,000 grant.

The U.S. Small Business Administration helps small businesses get funding by setting guidelines for loans and reducing lender risk. These SBA-backed loans make it easier for small businesses to get the funding they need.

The biggest difference between a loan and a grant is that a loan must be repaid and a grant does not need to be. If you cannot repay funding, a grant may be the better option. Although this is the primary distinction between the two funding types, there are other differences small business owners should be aware of.

As with traditional small business loans, borrowers still need to repay SBA loans. If you default on an SBA loan, it can affect your credit score and your future chances at other loans. The lender, though, will be able to ask for the payout from the SBA if the loan goes into default, which makes them less of a risk.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232