The Founders First CDC is currently accepting applications for the Stephen L. Tadlock Veteran Business Grant, which aims to support U.S. military veterans who own small businesses. This grant program is inspired by Stephen L. Tadlock, a U.S. Navy veteran and the brother of Founders First CEO Kim Folsom. The total funding available for this initiative is $25,000, which will be distributed as $1,000 micro grants to 25 veteran business owners across the country. The application deadline for this grant is October 15, 2024.

The primary purpose of the Stephen L. Tadlock Veteran Business Grant is to provide financial assistance to veteran entrepreneurs who are running employer-based small businesses. The funds can be utilized in various ways, including seeking professional assistance for preparing necessary documents to qualify for additional funding. This flexibility allows grant recipients to address their specific business needs effectively.

To be eligible for this grant, applicants must meet several criteria. They must be U.S. military veterans and hold a position as a CEO, President, or Business Owner of an active U.S.-based business. Additionally, the business must have an annual revenue that does not exceed $5 million and employ between 2 to 100 individuals. Applicants must also have been in business for a minimum of one year to qualify for the grant.

The application process requires interested veterans to complete a full application, which includes providing information about their business and submitting a short pitch video. All completed applications will undergo a review process, and semi-finalists will be selected for a final judging round. The 25 grant finalists will be announced during a live press event, providing visibility and recognition for the selected businesses.

Evaluation criteria for the grant will focus on the quality of the business pitch and the overall viability of the business model presented in the application. The selection process aims to identify businesses that demonstrate potential for growth and impact within their communities.

Important dates to note include the application deadline of October 15, 2024. As this grant is part of a recurring program, interested applicants are encouraged to stay informed about future cycles and opportunities. For further information, potential applicants can visit the Founders First CDC website or contact their support team via email.