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Sullivan County Non Profit/Tourism Grant Program 2020 COVID-19 Grant Program Since March 2020, many nonprofits and tourism related businesses have suffered due to COVID-19. Sullivan County seeks to
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Micro-grants and micro-loans are financial tools designed to support small-scale projects or entrepreneurial ventures, typically with limited funding. Micro-grants provide non-repayable funds to individuals or organizations to initiate projects, while micro-loans are small, repayable loans aimed at entrepreneurs to help start or grow their businesses.
Individuals or organizations that have received micro-grants or micro-loans may be required to file for them, depending on the stipulations set by the granting or lending agency. This often includes nonprofits, startups, and small businesses seeking funding.
To fill out micro-grants or micro-loans applications, applicants should provide necessary personal information, project or business details, budget estimates, and any required supporting documents as per the guidelines set by the granting or lending agency.
The purpose of micro-grants and micro-loans is to provide financial assistance to individuals or small businesses that may not qualify for traditional banking loans, enabling them to pursue their projects, develop skills, and foster entrepreneurship.
Information that must be reported typically includes the amount of funds received, how the funds were utilized, progress reports on the project or business growth, and financial statements reflecting expenses and revenues.
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