A new grant contest opened today from the fintech company Nav, which will provide one $10,000 grant and one $5,000 grant to small business owners in the U.S. Here’s how to apply for the grant and some tips for upping your chances.

How Much Funding Will Be Distributed?

Two businesses will win grants from Nav during this round of funding: one Grand Prize winner will get $10,000 and one runner-up will get $5,000. The contest is run quarterly, so eight businesses will receive funding total each year.

Who is Eligible?

Any small business owner in the U.S. can apply for the Nav Small Business Grant. To get a sense of what the company is looking for in their applicants, you can review blog posts and videos about past winners on Nav’s website.