Criteria For Business Support Grants
Business Support Grants unlike business loans, are money that you never have to pay back. It may expect you to provide regular reports on how the money is being spent and the progress that you’re making.
A person of good character and an entrepreneur, who has applied for this Grant Award must meet the following criteria:
- The person must be a Verified Partner of LifeGate Outreach Ministries.
- The person is such that he/she is not likely to get help from relatives or other sources for their desired purpose.
- The Person Must Be Hungry For Growth In his/her business, but does not have adequate fund to advance.
The applicant for the business support grant must meet the following criteria:
- Business Type: Must be actively involved in a genuine business enterprise.
- Business Training: Must have received thorough training in their business field.
- Place of Business: Must have an established and operational business location.
- Business Plan: Must provide a clear and well-detailed business plan.
- Revenue History: Must present a verifiable record of revenue history.
- Growth Plan: Must clearly articulate plans for business growth and development.