Small Business Grants

Here are some additional Grant and Loan opportunities for our Local Businesses, along with some new Webinars that you may want to check out.

Small Business Grants

LISC Small Business Relief Grant Round 5- Due by August 3.

Applicants may apply for one business only and must be 18 years of age to apply. For business owners with multiple businesses, please complete this application based on your largest business owned. Each grant is limited to one individual/business.

What are the size of the awards?
Grants will be made in amounts ranging from $5,000 to $20,000. LISC will use the funding to provide grants to businesses facing immediate financial pressure because of Covid-19.

What can the grant be used for?

  • Payables to include rent and utilities
  • Meeting payroll (to include the applicant)
  • Paying outstanding debt to vendors
  • Other immediate operational costs

The Grantee shall fully comply with all applicable federal, state, local (and any other governmental) laws, executive orders, rules, and regulations in connection with its use of grant funds.

Awards will be made to qualified businesses, and eligibility is based on accurate and complete submission. Priority will be given especially to entrepreneurs of color, women- and veteran-owned businesses and other enterprises in historically under-served places who don’t have access to flexible, affordable capital.

All awardees will have to certify that they are promoting the best interests of the community and are negatively impacted by the Covid-19 crisis.

Kiva 0% Interest crowd funded Microloans of up to $15,000

Businesses in the LISC network are eligible for matching funds from LISC that match loans from the crowd dollar for dollar through the platform.

Businesses can apply for both the LISC grant and the loans, and are encouraged to contact indianapolis@local.kiva.org to let them know of the LISC referral once an application has been submitted in order to be eligible for the match.

Upcoming Webinars

20 Cyber Topics in 20 Weeks Series – SBA

Thursday July 30th at 11:00 am

Under the leadership of the Indiana Procurement Technical Assistance Center (PTAC), Purdue MEP and many Indiana cybersecurity providers have developed a series of essential cybersecurity topics. 20 cybersecurity topics in 20 weeks is an effort to provide Indiana businesses with the training needed to achieve CMMC Level 1/basic small business information security and to improve the Indiana DIB’s cyber-health. In addition to live webinars, all of the presentations will be recorded to create a library of cyber information that clients can view when they do have the time to focus on cyber health and defense acquisition regulation compliance. 20 weeks of cybersecurity training will begin this month and run through December 2020. These training sessions will be delivered by a wide-range of Indiana cybersecurity providers; Purdue cyberTAP, Sterlyn Group, TCC Solutions, Lifeline Data Centers, RevealRisk, AME Group, Sondhi Solutions, IU Health and more! Cost? This training is free!

3 Tips to Publish Your Website With Confidence – SCORE

Thursday July 30th at 1:00 pm.

With the world changing every day, publishing and updating your website can feel like a daunting task.

Even with a template that takes care of the look and feel of your website, you still need to create the content for your pages that reflects current events and COVID guidelines surrounding your business.

It’s easy once you know where to focus. You can publish your website quickly with just the essential pages you need to get yourself online.

Join us for this presentation led by Jenna Shaffer with Constant Contact, where she’ll show you the best practices on:

  • 4 questions your homepage must answer before you hit publish
  • The real purpose of your about page and how to create one your visitors want to read
  • How to make it easy for visitors to find and contact you
  • Tips for using images on these pages
  • eCommerce and shopping cart landing pages
  • And more…

Use Test My Site to Optimize Your Website – GOOGLE

Thursday July 30th at 3:00 pm

Join us for a deep dive on how to use Google’s free Test My Site tool to help optimize your website. In this session, we’ll be joined by Billal Qureshi, Performance Lead for Mobile Experiences at Google, who will take you through the process of diagnosing site issues using Test My Site. You’ll learn simple steps that have helped others increase conversions and lower bounce rates, all while creating the best user experience possible. No coding is required — just bring a healthy appetite for discovering new ways to make the best of your landing pages.

Products: Test My Site
Difficulty Level: Introductory

Thursday July 30th 6:00 pm

The Business Ownership 101 workshop outlines four critical stages of business development. It will help shape your business idea, share a variety of resources in each stage, and create next steps needed to launch and/or grow. The workshop will also give you time to ask questions and learn from others who are looking to launch a business. This is the first step on your path to becoming a successful business owner!

Photo by Sam Dan Truong on Unsplash

New PPP Loan Forgiveness for Small Business Tool Released by AICPA

Recently, the American Institute of Certified Public Accountants launched a new platform geared towards helping small businesses work on PPP forgiveness.  This platform can be found at PPPForgivenessTool.com.  “We are now incorporating our PPP calculation and process recommendations into a dynamic PPP Forgiveness Tool to help drive a simple and effective forgiveness process,” said Erik Asgeirsson, president and CEO of CPA.com. “Our broader goal with this tool is to also to help drive a common approach to this process with the payroll and lender communities.”

Hopefully this new tool will help our local small businesses and entrepreneurs fill out the PPP Forgiveness Application 3508 or 3508 EZ, while cutting down on the extra stress that paperwork can cause in this already stressful time.  You should also remember that “final Treasury and U.S. Small Business Administration (SBA) FAQs on PPP forgiveness are expected to be released soon, and the PPP loan forgiveness tool will be updated to reflect any new changes. Based on this, the AICPA recommends that borrowers and CPA firms wait for the final guidance before generating the final signed Form 3508.”