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Adjusted median income for small business grants
Your family income must qualify as median or low-income to be eligible for a small business grant.
Follow these steps to understand your eligibility
1. Check income requirements for the grant you want to apply to.
Each small business grant has different income rules. Check the requirements for each grant you want to apply to.
2. Count how many people are in your family.
A family is a single person or a group of people who live together, regardless of actual or perceived sexual orientation, gender identity, or marital status.
3. Use your 2024 tax return if you have filed or estimate your total income for the last 12 months.
4. Check if your income qualifies as low.
- Family of 1 must have an income between $41,150 and $68,550
- Family of 2 must have an income between $47,001 and $78,350
- Family of 3 must have an income between $52,901 and $88,150
- Family of 4 must have an income between $58,751 and $97,900
- Family of 5 must have an income between $63,451 and $100,350
- Family of 6 must have an income between $68,151 and $113,600
- Family of 7 must have an income between $72,851 and $121,400
- Family of 8 or more must have an income between $77,551 and $129,250
5. Check if your income qualifies as moderate.
- Family of 1 must have an income between $68,551 and $109,700
- Family of 2 must have an income between $78,351 and $125,350
- Family of 3 must have an income between $88,151 and $141,000
- Family of 4 must have an income between $97,901 and $156,650
- Family of 5 must have an income between $105,750 and $169,200
- Family of 6 must have an income between $113,601 and $181,750
- Family of 7 must have an income between $121,401 and $194,250
- Family of 8 or more must have an income between $129,251 and $206,800