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    NYS Small Business Seed Funding Grant Program

    New York State recently opened up applications for the Small Business Seed Funding Grant program which aims to provide grant funding to early stage small and micro businesses and for-profit independent arts and cultural organizations impacted by the COVID-19 pandemic.


    The following business qualifications must be met:


    -         A business that was started on September 1, 2018 or later and have been operational for at least six months before an application is submitted.

    -         Be in substantial compliance with applicable federal, state and local laws, regulations, codes and requirements;

    -         Gross receipts are between $5,000 - $1,000,000

    -         Not owe any federal, state, or local taxes, or have an approved repayment, deferral plan, or agreement with appropriate federal, state and local taxing authorities.

    -         Eligible Applicants may have received or been awarded the following federal assistance:

    -         Paycheck Protection Program loans totaling $250,000 or less.

    -         Economic Injury Disaster Loan (EIDL) for COVID-19 of any size.

    -         COVID-19 EIDL Advance Grant of any size.

    -         COVID-19 EIDL Supplemental Targeted Advance Grant of any size.

    -         SBA Shuttered Venue Operators Grant of any size.

    -         Restaurant Revitalization Fund Grant of any size.


    Grant amounts will vary from $5,000 - $25,000.

    Important: This NYS Grant website indicates the new deadline for this grant is:

    SEPTEMBER 30TH,2022. ADDITIONALLY, Diapoules & Feinstein CPAs P.C. WILL NOT be preparing any applications for our clients as this grant program requires individuals alone are responsible for filling out and submitting their application along with a ID Selfie Verification.


    If your business is eligible for this grant and you decide to apply D&F is more than happy to provide the necessary tax information you may need during your application process.


     Please contact us with any questions or concerns you may have.

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