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Congratulations to our first round of Peoria County grant recipients!
Grant applications are accepted on a rolling basis – the committee will review submissions again in July 2023.
In order to be eligible to apply for the Peoria County microgrant, business owners must work with at least two approved Business Mentors to complete all four phases of the SmartStart Dashboard. Your Mentors will provide guidance and feedback as you complete your tasks in each Phase—you will be building your grant application as you go! This may entail reviewing or diving deeper into elements of business development that you have already completed, such as Customer Development. We hope you take advantage of the Mentors’ expertise to continue to hone your business plan. You can find an approved Business Mentor in the Customer Development phase of the SmartStart Dashboard. Once you’ve answered the questions, click the yellow “Find Help” button.
The Mentors will have worksheets, tools, videos, and other resources to help you along the way, and will collect or review your documents, which will become part of your grant application (see below). The Mentors will “stamp” that you have completed each Phase, and you will receive a badge. Once you have all four badges, you can submit your grant application.
The committee will consider the following in the grant selection process. Each factor will be given equal weight:
Applications are selected on a rolling basis.
Peoria County offers financial assistance to entrepreneurs and business owners seeking to start or expand a business, respectively, through its Government Assistance Program. The Government Assistance Program, or GAP, is a revolving loan program that helps “fill the GAP” between traditional private financing and a project’s cost by offering low interest loans. Details and applications are available at www.peoriacounty.gov/356/Government-Assistance-Program.
Residents of Peoria may find the City’s Revolving Loan Fund, which offers two types of business loans, may fit their needs. Find requirements and application information at www.growpeoria.com/business-assistance-programs/