The targeted small business is otherwise known as TSB. It is program of certification that certifies the business owned, properly managed and operated by the women, members of the minority group or by the persons with disabilities. Certified targeted small businesses are qualified to apply for the loans with low interest and the equity grants through the Iowa. It should also be noted that the purchasing officers of the state will take into consideration the TSB when they are in the hunt for the bids for the goods and services purchased by the state.
There are some minimum necessities that are required to become eligible as a TSB. The business should be situation in the state of Iowa. The business should run with profit. The gross annual income of it should not be less than $4 million. This is computed as a standard amount of the 3 previous fiscal years. It should be owned, managed and actively operated by more than 51 percent of minorities, women or by the disa bled persons. It should possess a certificate given by the Iowa department of inspections and appeals.
The TSB certification program of the department is administered under the provisions of the Iowa administrative code chapter 481-25. The copy of the rules can be viewed by downloading from the respective site.
The 1st step involved in the targeted small business is the certification procedure. All the applicants who are interested in this program should complete the application for certification and provide with some copies of the details requested. After this, the same has to be submitted to the department together with the non refundable processing fee of $25. The web site will provide with the particular details and the applicant can also contact the program manager or send an e-mail for any clarifications in the application process.
The online version will also assist the applicant in getting the complete directory of the targeted small business grants. The directory will be updated on a regular basis to provide the most recent certified bus inesses.
Those who are interested to become certified as a targeted small business, applications and instructions are available on the web sites. The information will provide details regarding the general application, construction application and corporate application. It also provides application for the financial help. The web page also has the links that will connect to the extraordinary resources for targeted small businesses including the links to the Iowa department.
Small Business Grant Source:
Learn the application procedures, various funding sources for specific types of businesses and eligibility criteria for small business grants. You can find the most comprehensive information on availing of small business grants by visiting this online guide on grants
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