The Small Business Association of Michigan (SBAM) Foundation has announced its Small Business Support Hub (SBSH) Grant Program is now accepting applications for grant funding. The SBSH Grant Program was created to address the needs of established businesses in the 1st stage and 2nd stage who have been disproportionately impacted by the COVID-19 pandemic. This grant program offers free programming, courses, events, and support designed to help small businesses business recover from the devastating effects of the COVID-19 pandemic and achieve success.
How to Qualify?
Qualifying for the SBSH Grant Program is relatively easy. Applicants do not need to be a member of SBAM or any business organization to qualify. You will NOT be asked to submit such personal information as business financial reports, personal financial statements, or previous years’ tax returns. Once you complete the application, the SBAM Foundation team will review your application and determine if you qualify to participate.
Approval Process
Once you are approved as a Participant in the SBSH Grant Program, you will be given full access to their entire catalog of free programming, courses, events, and support offered by some of the most effective subject matter experts in the state. Simply select the programming, courses, or events you think will benefit your business the most and register. It’s really that simple.
Categories for programming include, but are not limited to:
- Marketing
- Growth Strategy
- Leadership and Management Development
- Operations and Procedures
- Financial Literacy and Accounting
- Human Resources
- Sales Strategy and Sales Improvement
- Business and Interpersonal Communication
- Information Technology
- CEO Roundtables/Mentorships
- Compliance/Governance/Government Engagement
- Capital Development
- Certification and Licensure
Get a Direct Grant
The SBSH Grant Program offers direct monetary grants to support business stability and growth. To qualify for a direct grant, participants must engage in programs, courses, events, and support under the Small Business Support Hub Grant Program within six months prior to applying for the direct grant. In short, the process of obtaining a direct grant starts with the SBSH Grant Program Application.
Direct Grant Process
To be eligible for an opportunity to apply for a direct grant of up to $5,000, participants must accumulate a minimum composite score of six, which will be determined based on the point values assigned to each program, course, or event in which they engage. The points assigned to each program, course, or event reflect the complexity of the subject matter and the time commitment required. During the review process for direct grant applications, participants with higher point values may be given priority consideration.
More About the SBSH Grant Program
More information about the SBSH Grant Program as presented by the SBAM Foundation can be found here. They have created a Frequently Asked Questions document for your convenience.