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United Way of Southwest Alabama / Uncategorized  / LISC-Lowe’s Providing Rural Relief Small Business Grants

LISC-Lowe’s Providing Rural Relief Small Business Grants

As part of Local Initiative Support Corporation’s (LISP) continuing commitment to elevate their impact in rural America, LISC has teamed up with Lowe’s to award Rural Relief Small Business Grants to small business owners in rural locations across the country. 

The next grant application period opens on January 26th.

Who is eligible?

Only small businesses located in rural communities are eligible at this time. Rural communities are defined as having a population of 50,000 or less. A community is defined as the city/town/village where your business address is located. If the business is mobile (a food truck, fishing boat, ride share driver, etc) please use the address where your vehicle is stored during non-business hours.

Grants of $20,000 are available to help rural small businesses meet their most urgent needs such as:

  • Paying rent and utilities
  • Meeting payroll
  • Paying outstanding debt to vendors
  • Upgrading technology infrastructure
  • Other immediate operational costs

Non-profit organizations are ineligible for the relief funding program at this time, but may be eligible for later rounds of funding.

All potential applicants are encouraged to review our FAQ and grant information before applying.

How it works

Applications are being accepted in “rounds”. You must submit a new application for each round in order to be considered for funding in that round. Below are the dates of upcoming rounds:

  • January 26 – February 2, 2021

They will support small businesses and enterprises affected by Covid-19 across the country, especially those in underserved communities, including entrepreneurs of color, women- and veteran-owned businesses that often lack access to flexible, affordable capital.

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.

Subscribe to ILSC to receive an email alert when the application opens. Register now

 

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