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Are grant funds considered taxable income?

  • Yes, the grant money is considered taxable income. Neighborhood Growth Grants program awardees will receive a 1099 from Pathway Lending at the end of the 2027 tax year.

  • Pathway Lending does not provide tax or legal advice, and the business is responsible for consulting with a qualified tax professional, accountant, or financial advisor regarding any tax implications or obligations associated with receiving grant funds.

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