How to Apply for the $10,000 Small Business Grant in NSW: A Step-by-Step Guide
If you’re a small business owner in New South Wales struggling to stay afloat due to the pandemic, you may be eligible for the government’s $10,000 small business grant. In this guide, we’ll walk you through the steps to apply for this grant and increase your chances of approval.
Step 1: Check Your Eligibility
Before you apply, make sure you meet the eligibility criteria. To be eligible for the grant, you must:
– Have an active Australian Business Number (ABN) as of 1 March 2020
– Have an annual turnover of more than $75,000
– Have suffered a decline in revenue of at least 30% due to the COVID-19 pandemic
– Have fewer than 20 full-time employees as of 1 March 2020
– Be based in New South Wales
If you meet these requirements, you can move on to the next step.
Step 2: Prepare Your Documents
To apply for the grant, you’ll need to provide the following documents:
– Proof of identity (e.g. driver’s license or passport)
– Proof of business ownership (e.g. business registration documents)
– Evidence of a decline in revenue (e.g. profit and loss statements, BAS statements, bank statements)
Make sure your documents are up to date and accurate before submitting your application.
Step 3: Submit Your Application
Once you’ve checked your eligibility and prepared your documents, you can submit your application through the Service NSW website. You’ll need to provide your personal and business details, as well as your bank account information for the grant to be deposited.
Make sure you double-check all your information before hitting submit and keep a copy of your application for your records.
Step 4: Wait for Approval
After submitting your application, you’ll receive a confirmation email from Service NSW. The processing time for the grant can take up to 10 business days, so be patient during this time.
If there are any issues with your application, Service NSW will contact you for further information. Once approved, the grant will be deposited into your nominated bank account.
Conclusion
Applying for the $10,000 small business grant in NSW can be a lifeline for struggling businesses during the pandemic. By following these steps and being prepared with accurate documents, you can increase your chances of approval and receive the financial support you need. Remember to check the eligibility criteria, prepare your documents, submit your application and wait for approval. Good luck!
