|Nebraska Small Business Stabilization (SBS) Grant for Small Businesses & Livestock Producers –The DED is Now Accepting Applications!|
The SBS Grant allocates working capital to help cover operating expenses. This will enable small businesses and livestock producers to get back on their feet and back to profitability.
|*FIRST COME, FIRST SERVED*|
Steps to Complete: Complete the eligibility certification first. You will receive the certification number, and then you can complete the application. Takes approximately 5-10 minutes to complete.
Eligibility Certification Form
Who is eligible? (small businesses)
Nebraska-owned businesses with 5 to 49 employees as of March 13, 2020 that have closed or sustained a loss of revenue or employment since March 13, 2020, are eligible to apply.
All industries are eligible except:
Mining (NAICS 21)
Utilities (NAICS 22)
Finance and Insurance (NAICS 52)
Management of Companies & Enterprises (NAICS 55)
Educational Services (NAICS 61)
Public Administration (NAICS 92)
Lobbyist and Political Organizations
Who is eligible? (livestock producers)
Nebraska livestock producers with 1 to 10 employees that have closed or sustained a loss of revenue or employment since March 13, 2020, are eligible to apply.
The following industries are eligible:
Beef Cattle Ranching and Farming (NAICS 112111)
Dairy Cattle and Milk Production (NAICS 11212)
Hog and Pig Farming (NAICS 1122)
Poultry and Egg Production (NAICS 1123)
Sheep/Goat Farming (NAICS 1124)
Nebraska Livestock producers must have at least 20 animal units
Two-thirds (2/3) of gross income must come from Farming or Ranching
The State of Nebraska will be providing transparent reporting on the CARES Act funds and names of recipients will be made public.
How can the grant be used?
Businesses can use the SBS Grant as working capital to pay for operational expenses, with the purpose of helping sustain the business during the economic downturn or preparing it to bounce back. Livestock producers can use the SBS Grant as working capital to pay for operational expenses, with the purpose of helping the producer maintain or bounce back during the period of economic downturn.
How to apply: (small businesses)
If eligibility requirements are met, the grant-seeking business should submit a Completed Eligibility Certification Form to the Nebraska Department of Economic Development (DED) by the deadline below. The Eligibility Certification Form will be used to verify that the business is a Nebraska taxpayer that has employees in the state. If the business is validated, it will receive an invitation to submit a full application, which must be submitted by the deadline below.
You will need the following: Business Name, Email, State ID (tax ID), Withholding FEIN (Federal Employment Identification Number), Eligibility Certification Form
How to apply: (livestock producers)
If eligibility requirements are met, the grant-seeking livestock producer should submit an electronic Eligibility Certification to DED by the deadline below. The Eligibility Certification will be used to verify that the livestock producer is a Nebraska taxpayer that has employees in the state. If the livestock producer is validated, it will receive an invitation to submit a full application, which must be submitted by the deadline below.
For a business, you will need the following: Business Name, Email, State ID (tax ID)
For an individual (sole proprietorship), you will need the following: Name, Email, Social Security Number, Driver’s License Number, Date Issued for Driver’s License, Adjusted Gross Income for Most Recent Tax Return
Eligibility submission opening date – June 15, 2020 at 8 am CT
Eligibility submission deadline – June 26, 2020 at 5 pm CT
Eligibility notification date (via email from the State) – June 15,2020 – June 26, 2020
Application begin date – June 15, 2020 at 8 am CT
Application deadline – June 26, 2020 at 5 pm CT
FAQ Livestock Producers
FAQ Small Businesses
Additional details can be found on the Nebraska DED website.