Frequently Asked Questions

Does my business have to already be started?

No, the grant can also be used for a start-up.

Can a nonprofit apply?

No, the grant can only be used for a for-profit business.

Do I have to be affiliated with TWU to apply?

No, the grant is open to any woman-owned business in the state of Texas. In fact, applicants who are TWU faculty/staff (or any immediate family member of the applicant including spouse, child, parent), trustee, advisory committee member, or a student at TWU are not eligible to apply.

Can previous TWU CWE grant winners apply?

No, previous winners are not eligible to apply.

What can I use to verify my business is woman-owned?

Proof of woman-owned and controlled documentation could include and must show at least 51% ownership:  Any woman-owned certification, sole proprietor/assumed name filings, LLC or LLP documentation, certification of organization, articles of incorporation, partnership agreement or bank signature card. If one document alone doesn’t show this, send the corresponding page that shows ownership shares with it. Do not send a copy of your driver's license, social security card or credit card.

 

What documents can I use to verify my business is 51% veteran owned?

DD214 with Honorable or General (under honorable conditions) discharge.

Can wages/salaries or sales tax be used for grant funding?

No, the grant cannot be used for wages, salaries, sales tax, contract labor or compensation of any type.

What have winners of your other grant programs used the funds for?

Examples of how our other grant winners have used funds include software, marketing materials and promotional items, computers, software, office furniture, a lathe, computers, pos system and a vehicle to pull a food trailer.

 

Can I pay bills with grant funding?

No, monthly bills cannot be paid with the grant funding.

What is the matching requirement?

10% in owner-investment must be committed to the project.  This can be in cash, start-up costs/licensing, supplies or equipment for the project.

What if I can’t attend the small business training class?

These are mandatory. Due to COVID19, all classes will be virtual. If you cannot participate in the class, please make arrangements with our office to access the recorded videos of each section.

What If I don’t have a business plan or mine isn’t current?

All business plans must be current.  If you don’t have one we can give you a business plan template or set you up with a LivePlan business plan account.  New and startup businesses must complete a full business plan, businesses 5 years or older can submit a Business Model Canvas.  Send an email to CWEgrants@twu.edu if you want a template.

What kind of project contribution to the economy are you looking for?

Will your project add to the sales tax base, create jobs or have some other contribution to the community?

When are applications due? 

Grant applications are due by 5 p.m. CT on  May 14, 2021, via our online application.  Please allow plenty of time on the due date as applications received after 5 p.m. will be disqualified. We will only accept online submissions. Please do not mail your application.

Should I call to make sure my application is received?

No, you will be sent an email confirming receipt.

Where can I get additional questions answered?

You can contact Tracy Irby at CWEgrants@twu.edu

 

Page last updated 4:00 PM, March 24, 2021