SBB offers small business development grants to eligible clients. Currently the maximum value of each grant is GYD $500,000.
Eligibility
To be eligible for a small business development grant, the following requirements must be met:
§ Unemployed or employed by a private sector or non-governmental organization.
§ Owner(s) of a business or seeking to start a business.
§ Registered client(s) of the Small Business Bureau.
§ Submit copies of Business Registration, National Identification Card and certificate of Tax Identification Number.
§ Submit a complete business plan document (template provided by SBB).
§ Submit quotations for items to be purchased with grant funding.
§ Submit valid GRA and NIS compliance documents.
Grants Process
§ Client(s)completes grant application form and submits all required documents.
§ SBBreviews application and documents and interviews client(s).
§ SBB conducts a site visit of the business.
§ SBB submits grant documents to Grants Committee for review and approval.
§ SBB informs clients(s) of grant approval and invite client(s) to visit office to sign agreement.
§ Grant payment
prepared, approved and disbursed to client(s).
§ Client(s) submits receipts of items purchased with grant funding.
§ SBB conducts monitoring and evaluation visits of business.