NJ Small Business Alliance ~ United We Stand, Together We Fly!
NJ-SBA GRANTS
GRANT CATEGORIES
THE ARE 3 TYPES OF GRANTS AVAILABLE
- Startup Grant
- ScaleUp Grant
- Grants for Victims of Domestic Violence
***The grant awards range between $500 and $10,000***
Grant Eligibility and Usage
GRANT ELIGIBILITY
APPROVED USE OF GRANT FUNDS
APPROVED USE OF GRANT FUNDS
- Business entity must be NJ based + in continuous operation from inception
- Have annual sales below $500,000 and have fewer than 20 employees
- Must be owned by NJ resident(s)
- Applicant must be a for-profit entity
- Proof of incurred expenses must be available for inspection to NJ Grant coordinators
- Business must have tax clearance from NJ / IRS
- A business plan must be made available for review
- The grant recipient must agree to work with a NJ-SBA preferred accountant / tax preparer
APPROVED USE OF GRANT FUNDS
APPROVED USE OF GRANT FUNDS
APPROVED USE OF GRANT FUNDS
- Salaries / Wages plus Payroll Taxes
- Facility and Equipment Lease
- Inventory or Job Materials
- Business or Health Insurance
- Utilities
- New Equipment Purchase or Upgrades
- New Furniture / Fixtures Purchase or Upgrades
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