{"id":865,"date":"2015-03-12T22:33:14","date_gmt":"2015-03-13T03:33:14","guid":{"rendered":"https:\/\/idfsba.com\/stimulus\/admissions\/"},"modified":"2021-01-29T19:16:20","modified_gmt":"2021-01-30T01:16:20","slug":"how-it-works","status":"publish","type":"page","link":"https:\/\/idfsba.com\/stimulus\/how-it-works\/","title":{"rendered":"How It Works"},"content":{"rendered":"
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Funding Process<\/span>.<\/strong><\/h1><\/div><\/div><\/div><\/div>
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Our process is designed to be simple. We approve you fast and begin helping you grow your business immediately!<\/p><\/div><\/div><\/div><\/div>

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1 \u2013 Apply<\/span><\/h1>

Fill out our simple application for funding.<\/p>\n

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Click HERE To Apply Now!<\/span>There is a one-time, non-refundable
application fee of $9.95<\/span><\/div><\/div><\/a><\/div>
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2 – Review<\/span><\/h1>Your application is reviewed to ensure you meet the qualifications for funding.<\/span><\/div><\/div><\/div><\/div>
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3 – Notification<\/span><\/h1>You will receive notification via phone or email of your approval status and funding offer.<\/span><\/div><\/div><\/div><\/div>
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4 – Interview<\/span><\/h1>You will meet with an interview agent via zoom and together you will determine your needs and finalize your total funding amount. Any additional questions you may have will be answered at this time.<\/span><\/div><\/div><\/div><\/div>
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5 – Closing<\/span><\/h1>You will meet with a closing agent via zoom. Your information will be verified, agreements will be signed and you will make your 10% down payment.<\/span><\/div><\/div><\/div><\/div>
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6 – Purchase<\/span><\/h1>Purchase enterprise goods and professional services, and get expert help growing your new business!<\/span><\/div><\/div><\/div><\/div><\/div><\/div><\/div>
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2021 Pilot 1 Eligibility<\/span>.<\/strong><\/h1><\/div><\/div><\/div><\/div>
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Economic Stimulus to Underfunded<\/span>.<\/strong><\/h1><\/div><\/div><\/div>

The New Biz Stimulus Program is designed to provide funding to groups that tend to find difficulty in acquiring traditional funding. Any US Citizen over the age of 18 starting a new business is eligible for funding.<\/p>\n

We use a combination of standards pulled from those set by International Development Fund for Small Business Assistance (IDF-SBA), National Minority Supplier Development Council (NMSDC), and Women's Business Enterprise National Council (WBENC).  New Business Stimulus and IDF-SBA are not directly affiliated with NMSDC or WBENC.<\/p><\/div>

Minorities and Women First<\/span>.<\/strong><\/h1><\/div><\/div><\/div>

Priority is given to minority and women enterprises in the first pilot programs.<\/p>\n

A qualified enterprise will be an independent business concern that is owned and controlled by one or more minorities or women.<\/p>\n

It must be at least 51% woman-owned or minority-owned, operated and controlled.<\/p>\n

A minority group member is an individual who is at least 25% Asian, Black, Hispanic or Indigenous Native American.<\/p><\/div><\/div>