Disbursement of Funds

VII. Disbursement of Funds

Funds will be disbursed to eligible approved applicants after the close of the application period with Priority 1 applicants receiving the first round of funding. This will be followed by additional rounds to fund businesses in priority order until funds are exhausted.

Grant recipients will receive the approved funding in one disbursement via and Electronic Funds Transfer or Automated Clearing House (EFT or ACH).

Applicants will receive email notifications of grant approvals and grant of disbursements.