Make sure you check out our other pages because a PASS Plan can be a funding source for many of life's adventures!
A PASS Plan is like a grant for the disabled to start a small business, go to school, or work. You do not have to pay it back as longs as you follow your Plan. Before you get to excited, you will have to write up a business plan, which you will need to take to SCORE, SBDC, or a college to have them review your plan and agree with it's feasibility. Social Security will be giving you the funds so your credit rating does not neccesary disqualify you. The Social Security funds will not come as a lump sum, but as a monthly payment.
Small Business startup funds citizens of other countries are not eligible for this program, please click here for information about a program that may help you
Yes, with a United States Social Security PASS Plan, you can get funding to help you start a small business of your own. The PASS Plan funds can be used to:
- pay for assistance that you may need in getting your business up and running.
- buy inventory
- purchase equipment
- used as a down-payment for a loan
- used in conjunction with other aid you might be eligible for (WIA, VR, VA)
- transportation, insurance, etc.
A PASS Plan is like a grant for the disabled. As long as you: (1) put in a quality effort, (2) do what you agree to do in the PASS Plan, (3) spend the money where you said you would, you will not have to pay it back.
Who can take advantage of a PASS Plan?
- Anyone who receives SSI, SSDI, or disabled veterans benefits is eligible.
You will have to write a small business plan . We will provide you with a Word.doc, so that we can send it back and forth. Your plan does have to be something that will eventually be able to show a profit. It has to be something that is within the funding limits of what you are eligible for.
We suggest you go to our "Disability Resources" page and go down to writing business plan section. A business plan takes time and planning to make it successful. We want you to have done the preliminary work, we'll show you how the PASS funds give you two to three years to make it successful!
How much assistance am I eligible for?
Your PASS Plan pseudo "grant for the disabled" will not help you if you need $100's of thousands of dollars. We have written PASS plans for $10's of thousands of dollars.
How much assistance am I eligible for? If married, you are probably not eligible. It depends on what kind of income you have now. Do you receive SSDI? If you don't receive SSDI, do you have wage income? The kind and amount of resources you have will also affect whether a PASS Plan is right for you. Your home, household items, and one car are excluded.
I want to know more
If you need more information before you register, send us an email. The address is listed on the bottom of page or go to our "Contact Us" page.
