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Small Business Development Grants

SBB offers small business development grants to eligible clients. Currently the maximum value of each grant is GYD200,000.

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.