If you are considering applying for a grant from the Productivity Solutions Grant program, there is one thing that you must know before even starting your application. The PSG grant has strict requirements on who can receive the funds and how they will be used. In this blog post, we will go over some of those requirements so that you have all of the information necessary to make an informed decision about whether or not applying for a grant is right for you.
The first thing to keep in mind is that the PSG grant website development is only available to businesses that have been operational for at least two years. This means that new businesses or startups are not eligible to receive funds from this program. Additionally, the company must be located within the United States and have fewer than fifty employees.
Another requirement of the PSG grant is that the funds must be used for working capital. The exact amount of money and percentages allowed will vary depending on how much you apply. Still, generally speaking, businesses may only receive up to fifty percent of their total request in cash.
Finally, while there are no restrictions on what type of business can apply for a PSG grant, the business must be engaged in product or service-based operation. This means that companies such as real estate firms or other service-oriented companies are not eligible to receive funds from this program.