If I have recently acquired a business that otherwise meets all requirements, can I still apply for a grant/loan for the business? (Business was previously owned by others)

Yes, as long as the business meets all eligibility criteria. Click here to view the eligibility criteria.

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What if I had to change my business registration to save on taxes (changing my business from an LLC to a S Corp), would the entire period I’ve had the business count, or only after the recent S Corp?

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Is the grant taxable?