Thanks to a $5 million grant from Truist, combined with support from Lowes and other partners, the Local Initiative Support Corporation (LISC) will provide grants of up to $10,000
to small business owners, especially to enterprises owned by women and minorities, to help meet their most immediate needs.
Eligible expenses include:
Paying rent and utilities
Meeting payroll
Paying outstanding debt to vendors
Upgrading technology infrastructure
Other immediate operational costs
The LISC grant portal is now open to accept applications
through June 17th at 11:59pm
. Awards will be made to qualified businesses, and eligibility is based on accurate and complete submission. Priority will be given to minority, women, and veteran owned businesses. Nonprofits are not eligible for this grant opportunity.
Applications will be reviewed based on criteria designed to prioritize particularly challenged businesses, and the final grantees will be randomly selected from the top scoring applicants.
Learn more about the Local Initiative Support Corporation (LISC)
here
.