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SBA offers new grant program for Native-owned small businesses

A new grant opportunity is now available for Native American-owned small businesses.

The U.S. Small Business Administration is accepting applications for multiple grants that award up to $240,000 each. Eligible organizations for this funding must be located near or on Tribal lands.

Officials say this funding helps ensure that Native American owned small businesses have full access to development and expansion opportunities.

"The more than 341,000 Native American-owned small businesses can help us lift communities and power U.S. global competitiveness for a brighter future for us all," said Administrator Isabel Casillas Guzman, head of the SBA.

Applications must be submitted by July 31.