Use this template to create your BEAD-required Corporate Financial Model.

<h2>Discover the Power of "Apply for Matching Funds" – Your Gateway to BEAD Broadband Grants Success!</h2>Prepare and conquer BEAD broadband grants with ease using our comprehensive guide. Gain valuable insights into unlocking <a href="https://broadband.money/broadband-grant-terms/matching-funds-for-bead-grants" target="_blank" rel="noopener noreferrer">matching funds</a> and understand the crucial requirements to secure the funding you need. While our focus remains on BEAD grants, the knowledge and lessons provided are also transferable to other grant matching opportunities and securing external capital for your projects or businesses.We understand that you're busy connecting families to broadband, which is why we aim to save you precious time. No more struggling to line up potential funding sources for your visionary broadband projects. Say goodbye to repetitive meetings with investors asking the same questions repeatedly.With <a href="https://broadband.money/bead-grant-matching-funds" target="_blank" rel="noopener noreferrer">"Apply for Matching Funds,"</a> you'll experience a game-changing approach. Submit a single application profile, and meet numerous investors eager to support your vision. You have complete control over who gets to see what, ensuring confidentiality and privacy throughout the process. Embrace the efficiency and simplicity of our platform as you take charge of your broadband funding journey.<h2> Who is this for?&nbsp;</h2>This section is designed for existing local providers keen on pursuing matching capital for their BEAD applications. Whether you already have definite plans or are exploring possibilities, this module is tailored for you if you own and/or operate a provider business in at least one state or territory.&nbsp;&nbsp;<h2>What is covered in this guide?</h2>The broadband.money platform offers specialized resources to help you secure matching funds and navigate the financial aspects of BEAD grants. Here's how we assist you in achieving your funding goals:<ul><li>Matching Rules for BEAD: Gain a comprehensive understanding of the specific matching rules set forth by BEAD grants. Our platform provides clear insights into the requirements and criteria for securing matching funds and a step by step guide for you to stay compliant.&nbsp;</li><li>Complete Financial Due Diligence: Prepare for interactions with matching capital providers by completing the initial financial due diligence. We equip you with the necessary tools and templates to address the inquiries of potential financial counterparties confidently.</li><li>Robust Financial Model: Using the provided templates, create a robust financial model that financial counterparties can access and examine before making investment decisions. Our platform streamlines the process, ensuring that you present a comprehensive and compelling financial projection.</li><li>Understanding Equity, Debt, <a href="https://broadband.money/broadband-grant-terms/performance-bonds-for-bead-grants" target="_blank" rel="noopener noreferrer">Performance Bonds</a>, and <a href="https://broadband.money/broadband-grant-terms/irrevocable-standby-letter-of-credit-for-bead-grants" target="_blank" rel="noopener noreferrer">Letter of Credit</a>: Learn the nuances between equity, debt, and letter of credit financing options. Our resources offer clarity on each option, helping you make informed decisions on the most suitable funding approach for your broadband project.</li><li>Leveraging Municipal Debt: Understand how operators or communities can utilize municipal debt as a financing mechanism for matching funds. Our platform provides guidance on maximizing the potential of municipal debt to support your broadband initiatives.&nbsp;</li></ul>&nbsp;<h2>In this guide you will:&nbsp;</h2><ul><li>Prepare to line up matching funds&nbsp;<ul><li>Applicants seeking matching funds will be able to source funds from a variety of interested funding sources in a future section. You can start applying for matching funds now!<ul><li>❕ BEAD will require proof of funding up front with your application submission, and this process has been known to take a year or more, so it’s best to get going as soon as possible, well before you finalize your application submissions. Most incumbents already have matching funds secured.</li></ul></li></ul></li><li>Answer questions once, not dozens of times&nbsp;<ul><li>The information you provide during <a href="https://broadband.money/bead-grant-matching-funds" target="_blank" rel="noopener noreferrer">Apply For Matching Funds</a> will seamlessly transfer and be utilized when your state's application for BEAD becomes available.</li></ul></li><li>Tools included in Apply for Matching Funds&nbsp;<ul><li>Easy-to-use geospatial insights platform</li><li><a href="https://broadband.money/broadband-grant-terms/application-model" target="_blank" rel="noopener noreferrer">Application Model</a> Questionnaires</li><li><a href="https://broadband.money/broadband-grant-terms/yield-on-cost" target="_blank" rel="noopener noreferrer">Yield-on-Cost</a> Estimator</li></ul></li></ul>

Your Gateway to BEAD Broadband Grants Success!

Apply For Matching Funds

Grant Matching Funds helps you to understand what is needed to unlock matching funds, we are specifically focused on BEAD requirements but most information and lessons is applicable for any grant matching funds and/or when you are seeking external capital to fund a project or business.&nbsp;<h2>Who is this for?</h2>This section is intended for existing local providers interested in pursuing matching capital for BEAD application. Whether you have definite plans already, or need to explore the possibilities, this module is for you – if you already own and / or operate a provider business in at least one state or territory. This section can be completed directly, or via your consultant (you’ll be able to invite them to your application model).Understand how In this Module, you’ll learn about the matching rules for BEAD, they types of matching capital available to you, and the tools and questions you’ll need to use to unlock the capital to deliver your project.&nbsp;<h2>What’s covered in this section?</h2>The middle mile NOFO defines “middle mile infrastructure” as “any broadband infrastructure that does not connect directly to an end-user location, including an anchor institution; and includes— (i) leased dark fiber, interoffice transport, backhaul, carrier-neutral internet exchange facilities, carrier-neutral submarine cable landing stations, undersea cables, transport connectivity to data centers, special access transport, and other similar services; and (ii) wired or private wireless broadband infrastructure, including microwave capacity, radio tower access, and other services or infrastructure for a private wireless broadband network, such as towers, fiber, and microwave links.”<ol style="list-style-type:decimal;"><li>The matching rules for BEAD</li><li>Complete the initial financial due diligence that a matching capital provider will ask.</li><li>Using provided templates, complete a robust financial model that financial counterparties will be able to access and examine prior to investment.</li><li>Understand the difference equity, debt, and letter of credit.</li><li>Learn how an operator or community can use municipal debt to finance the match.</li><li>Difference between raising equity for your company versus raising equity for a specific project.</li></ol>&nbsp;<h1>Matching rules for BEAD</h1>&nbsp;<h2>Match Generally</h2>Except in certain specific circumstances described herein (including projects in designated “high-cost areas” and other cases in which NTIA has waived the matching requirement), each State shall provide, require its applicants to provide matching funds of not less than 25 percent of project costs. Funds from other Federal programs including the FCC generally may not be used as matching funds; however, theInfrastructure Act expressly provides that matching funds for the BEAD Program maycome from a federal regional commission or authority and from funds that were provided to a State or applicant for the purpose of deploying broadband service under the Families First Coronavirus Response Act; the CARES Act, the Consolidated Appropriations Act, 2021; or the American Rescue Plan Act of 2021, to the extent permitted by those laws.State should rigorously explore ways to cover a project’s cost with contributions outside of the BEAD program funding. Matching contributions, including in-kind contributions that lower project costs, demonstrate commitment to a particular project and minimize BEAD funding outlay, extend the reach of the BEAD program funding and help to ensure that every unserved location and underserved location in the United States has access to reliable, affordable, high-speed internet.In some cases, though, a match requirement could deter participation in the BEAD Program by small and non-traditional providers, in marginalized or low-income communities, or could threaten affordability (i.e., if an applicant seeks to offset the cost of a substantial match through higher end user prices). In those cases, the State should consider ways to cover part or all of the provider’s match through the State or other funds or seek a match waiver through the process explained below. A matching contribution may be provided by the applicant, a State entity, a unit of local government, a utility company, a cooperative, a nonprofit or philanthropic organization, a for profit company, regional planning or governmental organization, a federal regional commission or authority, or any combination thereof.&nbsp;<h2>Preference to maximize grant capital</h2>While the match may be provided by multiple sources, States are encouraged to require a match from the applicant rather than utilizing other sources where it deems the applicant capable of providing matching funds. This approach will maximize the impact of States funds and funds provided via other federal programs. As detailed below with regard to the applicant selection process for last-mile broadband deployment projects,States are also required to incentivize matches of greater than 25 percent from applicants wherever feasible (especially where expected operational costs and revenues are likely to justify greater investment by the applicants) by focusing on minimizing the BEAD funding outlay on a particular project. NTIA will provide technical assistance to States to assist in making these determinations. States will be expected to explain in their Initial Proposals how they intend to ensure that applicants will offer the maximum feasible match for each project.&nbsp;<h2>Matches from Other Federal Programs and Entities</h2>The Infrastructure Act expressly provides that matching funds for the BEAD Program may come from a federal regional commission or authority and from funds that were provided to a State or an applicant for the purpose of deploying broadband service under the Families First Coronavirus Response Act, the CARES Act, the Consolidated Appropriations Act, 2021 or the American Rescue Plan Act of 2021, to the extent permitted by those laws.States are encouraged to consider terms and conditions that may be associated with potential sources of match funds and how those may impact the project overall. For example, if a State utilizes federal regional commission funding as a match, the project will need to comply with all BEAD programmatic requirements and any requirements imposed by the federal regional commission. Likewise, States that use funds from the Coronavirus State and Local Fiscal Recovery Funds or Coronavirus Capital Projects Fund as the source of matching funds for the BEAD Program must comply with the requirements of both the BEAD Program and the relevant Treasury program. Loan funding issued through a federal agency, such as through the USDA ReConnect Program, may also be used as match funding.&nbsp;<h2>In-Kind Matches</h2>Matching funds may be provided in the form of either cash or in-kind contributions, so long as such contributions are made consistent with the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. In-kind contributions, which may include third-party in-kind contributions, are non-cash donations of property, goods or services, which benefit a federally assisted project, and which may count toward satisfying the non-federal matching requirement of a project’s total budgeted costs when such contributions meet certain criteria. In-kind contributions must be allowable and allocable project expenses. The rules governing allowable in-kind contributions are detailed and encompass a wide range of properties and services. NTIA encourages applicants to thoroughly consider potential sources of in-kind contributions that, depending on the particular property or service and the applicable federal cost principles, could include employee or volunteer services; equipment; supplies; indirect costs; computer hardware and software; and use of facilities. In the broadband context this could include, consistent with federal cost principles, waiver of fees associated with access to rights of way, pole attachments, conduits, easements, or access to other types of infrastructure.&nbsp;<h2>Match Waivers</h2>In evaluating requests for waiver of the BEAD Program’s non-federal match requirement, NTIA will carefully balance the Program’s various objectives. It is NTIA’s policy to ensure that BEAD funds are used to bring affordable broadband to all Americans. Thus, the Assistant Secretary will generally seek to minimize the BEAD funding outlay on a particular project to extend the Program’s reach, and expects to grant waivers only in special circumstances, when waiver is necessary to advance objectives that are critical to the Program’s success. In order to be considered for a waiver, a State must submit a request that describes the special circumstances underlying the request and explain how a waiver would serve the public interest and effectuate the purposes of the BEAD Program. The Assistant Secretary retains the discretion to waive any amount of the match, including up to the full 25 percent requirement.

This guide helps you to understand what is needed to unlock matching funds.

Learn About Matching Funds

Corporate Financial Model.svg

Application Models are collaborative environments where community team members can aggregate, organize, and analyze all the research needed for successful grant applications.

BEAD Grant Matching Funds Corporate Financial Model

Rather than maintaining separate Excel workbooks, Word documents, and PDFs of your project, our Application Models make it easy for team members to pull in the data they need to win broadband grants.

BEAD Grant Matching Funds Corporate Financial Model

Use this template to create your BEAD-required Corporate Financial Model.

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