The $10,000 COVID Grant for Small Business refers to the financial relief programs that provide financial help to manage their day-to-day life during the COVID-19 pandemic.
Many coronavirus programs are offered globally, such as the Economic Injury Disaster Loan (EIDL) Emergency Advance, administered by the Small Business Administration (SBA).
Program Information
| Program Name | $10,000 COVID Grant for Small Business |
| Established In | 2020 |
| Conducted By | US Government |
| Country | America |
| Benefits To | Sole proprietors, independent contractors, and self-employed individuals |
| Payment Amount | $10,000 |
| Type | Financial Help |
| Official Portal | home.treasury.gov |
Eligibility Criteria
To get the benefit of a $10000 COVID grant program, fulfill certain requirements and complete the eligibility criteria. Gather the important documentation and clear the eligibility test, including:
- Proof of small business status
- Demonstrated financial loss due to the pandemic
- A certain number of employees (often under 500)
- Industry-specific restrictions or qualifications
Important Documentation includes:
- Proof of business registration
- Financial statements
- Tax returns for the business.
- Payroll records
- Proof of the impact of COVID-19
Application Process
Receive the $10000 COVID Grant for Small Business Benefits after clearing the eligibility test and following the steps for the application process:
- Visit the home.treasury.gov official portal.
- Find the benefit plan and read the eligibility criteria.
- Fill in the personal information in the required field and complete the proper documentation.
- Access the grant application and add your small business details.
- Double-check the mentioned data and submit the application form.
- Check out the email or official portal to notice the latest updates.
- Monitor the application approval notification, and you’ll receive the money directly in your bank account.
This $10000 COVID program for small businesses is available to help sole proprietors during the Corona pandemic, while other financial benefit programs are closed now.
It played a crucial role in supporting small businesses through the tough times and helping with the economic hardship caused by COVID-19.