Is your business looking for help to pay the bills?

What is it?

A financial aid tool that helps you find loans, grants, scholarships, and more in your area.

How can I use it?

You can apply online through the Financial Aid portal.

To qualify, you must meet the eligibility requirements outlined by the program.

How much does it cost?

There are different amounts available for each state.

The amount depends on the financial need of your business, but the lower the need, the more generous the aid.

Are there any limits on the types of grants I can apply for?

Yes, you can apply to receive grants, but you must be eligible for the same type of financial aid that applies to you.

Do I have to pay any federal taxes on my grants?

You must be filing an income tax return and the IRS is your tax advisor.

Are my awards and scholarships tax-free?

Yes.

However, your scholarships are not tax-deductible.

Are the scholarships tax deductible for the purposes of section 162(m) of the Internal Revenue Code?

Yes they are.

How do I apply?

You may apply online or by calling 1-800-FIND-FEE.

How long does it take?

The average time it takes to get an award depends on how long it takes for your business to become eligible for aid.

Some awards take longer than others.

For example, some awards, such as a loan, may take a year or more to get approved.

How many awards will I get?

You have to be in the same state as your business and have been approved for aid in the past, as well as have completed a financial aid application.

How will I know if I have received an award?

You’ll receive an email with your grant application, which will include a link to a form that you can complete.

Are you looking for more assistance with financial aid?

Contact your local financial aid office and they can assist you with getting the help you need.

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