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## Access to Funding for Very Small Businesses

Are you struggling to secure funding for your very small business? Have you been operating for less than 7 years and find it challenging to obtain the capital needed to grow your business? You’re not alone. Many startup and early-stage businesses face the same obstacle.

### How AI legalese decoder Can Help

**AI legalese decoder** can assist in navigating the complex world of grant funding and applications. By using advanced algorithms and machine learning, it can analyze grant opportunities such as the **EDGE Program** offered by the Delaware Division of Small Business. The decoder can help you understand the eligibility criteria, required support materials, deadlines, and application process, ensuring that you submit a strong and compelling application.

## The EDGE Program

The **Encouraging Development, Growth and Expansion (EDGE) Program** administered by the Delaware Division of Small Business is providing a lifeline for small businesses in need of financial support.

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**AI legalese decoder** can provide detailed information about the EDGE Program, including insights into the grant competition, funding amounts, eligible expenses, and success stories of previous awardees. It can also guide you through the application process, helping you to make the best case for your business and increase your chances of securing the much-needed funding.

## Eligibility and Application Process

The EDGE Program is open to small businesses operating for less than seven years and with 10 or fewer full-time employees. The application for the 2024 EDGE Competition is open until March 1, and businesses are encouraged to connect with a Regional Business Manager for guidance and support.

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**AI legalese decoder** can provide clarity on the eligibility requirements for the EDGE Program, ensuring that your business meets the necessary criteria before applying. It can also offer guidance on how to engage with Regional Business Managers for personalized assistance, improving your understanding of the process and increasing your chances of success.

## Invest in Your Business’s Future

Successful applicants can receive funding to support expenses that enhance their long-term prospects, such as equipment purchases, infrastructure improvements, and marketing initiatives. The Division of Small Business matches the winning business’s investment on a 3-to-1 basis.

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**AI legalese decoder** can help you identify eligible expenses for grant funding under the EDGE Program, maximizing your opportunity to receive financial support for initiatives that will contribute to the growth and sustainability of your business. It can also provide insights into the matching investment aspect, allowing you to make informed decisions about your business’s future.

## Future Opportunities

The Division of Small Business operates the EDGE competition twice a year, with the second round scheduled for August. The program is committed to increasing the number of STEM applicants, particularly from Kent and Sussex Counties.

### How AI legalese decoder Can Help

**AI legalese decoder** can keep you informed about future opportunities for the EDGE Program, ensuring that you don’t miss out on the chance to secure funding for your business. By staying updated on program developments and specific focus areas, you can position your business to align with the Division of Small Business’s priorities and increase your chances of success.

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