The Women’s Business Development Council is offering grants of up to $10,000 to qualified small businesses located in New London, Connecticut.
Donor Name: Women’s Business Development Council
State: Connecticut
City: New London
Type of Grant: Grant
Deadline: 07/15/2023
Size of the Grant: $2,500 and $10,000
Details:
The New London/WBDC Small Business Grant Program is designed to help businesses in the City of New London, Connecticut grow! Grants between $2,500 and $10,000 will be awarded for clearly defined projects that will have a measurable impact on the business, its growth and profitability.
The grant funds cannot be used towards operating expenses (e.g. inventory, on-going marketing expenses, salaries), real estate improvements (e.g. construction costs), reimbursement for past purchases or debt repayment.
Eligibility Criteria
To be eligible, the business must:
- Have been in business for at least two years (as of the date of your application submission) with a record of sales
- Have a record of annual sales/revenue in the last twelve months greater than $25,000 and less than $2,000,000
- Be registered in Connecticut
- Be located in New London, Connecticut
- Be in good standing with the CT Department of Revenue Services (DRS)
- Have an established business checking account
- Currently utilize a formal, digital bookkeeping/financial system (e.g. QuickBooks, Sage, FreshBooks, Wave Accounting)
- Be a for profit business
- Be owned by a person that is at least 18 years old
The following businesses are not eligible:
- Childcare businesses are not eligible for the WBDC/New London Small Business Grant. If your business is in the childcare industry, WBDC has other programs for you.
- Any individual or business who has already received a grant from the WBDC is not eligible
- Current vendors or contractors of WBDC are not eligible. Former vendors are eligible to apply a year after working with WBDC
- Medical marijuana; liquor stores and alcohol distributors; adult businesses such as strip clubs; vape retailers; tobacco shops and smoking lounges; businesses having to do with gambling; gun stores and ranges; cash advance, check cashing, or pawn shops; bail bonds; collection agencies or services; and auction or bankruptcy or fire or “lost-our-lease” or “going-out-of-business” or similar sale.
For more information, visit Small Business Grant Program.
