Funding available for expanding small businesses
September 16, 2021
SEATTLE - Business Impact NW and Ventures received $200,000 and $187,900 in grants to help low-income entrepreneurs get financing to establish and expand their small businesses.
The money comes from U.S. Small Business Administration awarding 27 organizations $5.2 million under the Program for Investment in Micro-Entrepreneurs (PRIME) grant awards.
The PRIME grants range from $75,000 to $250,000 and typically require at least 50% in matching funds or in-kind contributions.
"The Biden-Harris Administration and Congress have worked together tirelessly to ensure our nation's small businesses...