Do i qualify for a small business grant if i have been arrested for a felony but adjudication has been held?

Each company and government agency has it's own particular disqualifying characteristics for grant applicants. Of course, felony theft is a serious charge, and regardless of the reasons precipitating the act, public and private parties will be concerned about your conviction and will either disqualify you for such or request additional information about the incident. The best advise is to prepare your application with great care and prepare a detailed response. The best of luck!