SMALL BUSINESS GRANTS
APPLICATION POSTPONED
More information coming soon
OVERVIEW
The small business grant program is designed to provide a one-time payment of $3,000 to eligible grant winners in the Southeast Asian and/or BIPOC communities. The program is focused on supporting small business owners, promoting entrepreneurship and innovation, and uplifting underserved communities.
To ensure that the grant funds are used for their intended purpose, clear guidelines have been established for eligible expenses, funding limits, and reporting requirements. Potential grant recipients are encouraged to review these guidelines carefully before submitting an application. Once the grant funds have been disbursed, the program will monitor grant spending to ensure compliance with the grant agreement. WUCMAA aims to help small businesses in underserved communities overcome financial challenges, promote economic growth and innovation, and contribute to a more equitable and sustainable society.
These grants are made possible through Diverse Business Assistance Grant from the Dept. of Administration
GRANT ELIGIBILITY
Applicants must be located in the state of Wisconsin, including their business.
Applicants must be Southeast Asian and/or BIPOC small business owners.
Applicants must be 18 years or older.
Applicants must be a new or existing business that has been in operation 2 years or less.
Applicants must be formalized and have proof of business ownership such as Articles of Incorporation, EIN Certification Letter, Operating Agreement (if applicable)., LLC, Sole Proprietorship, S Corp, C Corp, and others.
Applicants must have a business banking checking account associated with their business.
APPLICATION GUIDELINES
Applications must provide all information and documentation needed:
Documentation Requested
Proof of registration and operation, such as Articles of Incorporation, EIN Certification Letter, and Operating Agreement
2024 Budget for your business
$3,000 Fund Breakdown
Completed W-9 Form
Eligible Funding Use Include
Payroll
Rent Utilities
Equipment
Marketing
Inventory
Administrative Fees
Only one entrepreneur per business may apply and/or participate. If the entrepreneur owns more than one business, they can only apply under one entity.
Grant funds cannot be used for debt consolidation or any debt service.
APPLICATION PROCESS
All applicants are required to complete the Application Form thoroughly and provide all necessary documents as indicated. Failure to provide all required information and documents may result in disqualification from the grant application process. Please review the instructions carefully and double-check that all necessary documents have been attached before submitting the application.
After submitting the application, applicants will be contacted for a 15-30 minute phone call interview. This interview aims to gather additional information and assess the applicant’s suitability for the grant. The interview will be scheduled at a mutually convenient time between the applicant and the WUCMAA representative.
The grant application period will be announced soon. Applicants are encouraged to submit their applications promptly within the designated timeframe to ensure consideration. WUCMAA holds the right to close the application period early if grant applications reach maximum capacity.
Upon the closing of the application, all applications will be thoroughly reviewed by the WUCMAA Grant Selection Committee to ensure that they meet the eligibility requirements and adhere to the guidelines outlined in the application.
After the review period, all applicants will be notified of their application status simultaneously through an approval/denial letter. This letter will be sent to the email address provided in the application form.
Questions & Concerns can be directed to info@wucmaa.org or 414-305-2847
You MUST submit the online form found on the WUCMAA website to be considered as a grant applicant.