December 2020
The Fiserv Back2Business Grant program is for small, minority owned businesses. The financial assistance is combined with many other resources, including advice from subject matter experts, technology solutions, mentoring and other assistance. The free grants can be used to pay for rent, salaries, equipment, computers, website design and other expenses. Funds are aimed at Black, Latino, and Asian owned businesses, and Fiserv is partnering with the Association for Enterprise Opportunity. Read more https://aeoworks.org/fiserv/
November 2020
Courvoisier Cognac and the Urban League are partnering together to help small black owned businesses. There may also be funds for low income families, Latinos as well as other disadvantaged businesses, including those in the inner city. Free grants of up to $5,000 will be issued to minority owned businesses that have been negatively impacted by COVID-19. The business needs to have been operating prior to the pandemic and applications will be assessed on a one-off basis. Read more https://nul.org/event/small-business-entrepreneurship-summit
September 2020
Rural community small businesses can apply for financial assistance. Up to 900 small businesses will be assisted by the Rural Relief Small Business Grants. It is for areas/towns/cities across the country in which the population is less than 50,000 – this is what defines a rural community. The program is run by Local Initiatives Support Corp. as well as Lowes. Qualified small businesses in rural communities, including female or minority owned, can be qualified for up to $20,000. Read more here https://www.lisc.org/covid-19/small-business-assistance/rural-relief-small-business-grants/
Hello Alice and Stacy’s Rise Project is offering various financial assistance and free grant programs to Black owned small businesses. Qualified applicants/beneficiaries will also be enrolled into The BOSS Network, get free mentoring from successful entrepreneurs and business owners, and also get help advertising their business. The assistance is offered nationwide. Learn more or apply here. https://helloalice.com/
American Express, the Coalition to Back Black Businesses, the U.S. Chamber of Commerce Foundation, the National Business League and other non-profits are disbursing $10 million dollars in free charitable grants to black owned businesses. It is for companies or start-ups of under 20 employees and they need to be based in low income or “moderate” income zip codes in the US. Both female and male owned black businesses can apply here. https://webackblackbusinesses.com/
Black women owned businesses in the cities of Orlando, Louisville, Atlanta, Charlotte, Detroit, Cincinnati, Charlotte, NYC, Washington and Nashville can get free grants, sales help, marketing support, accounting services and more from the Fifth Third Bank Foundation. A few hundred small to mid sized businesses that are owned by female, black companies (including LGBTQ or veterans) can apply for assistance. Apply for grants and technical help here. https://aeoworks.org/innovation-meets-mainstreet/
Lowe’s Home Improvement is providing opportunities to hundreds of small business owners to get their products or services sold in their stores. A focus is on veteran, minority, and female owned companies. the assistance program known as Making It… With Lowe’s is partnering with Daymond John of ABC’s “Shark Tank” and government grant programs is allowing small business to pitch their idea to Lowe’s. Winners will get free mentoring, shelf space at Lowe’s stores, sales help and more. Learn more here. https://www.lowes.com/l/making-it-with-lowes
Millions of dollars in grants are being provided to small black owned businesses as well as entrepreneurs. The Association of Enterprise Opportunity’s (AEO) MainStreet RISE program, Fifth Third Foundation to Local Initiatives Support Corporation as well as Fifth Third Bank are working together to help small businesses. It is also for female owned businesses. The free grants are being offered in multiple cities nationwide, and funds are for profit businesses that are operating. It is for low income, inner city agencies. Apply here. https://aeoworks.org/innovation-meets-mainstreet/
The Black-Owned Small Business Impact Fund will be re-opening. Millions of dollars have been donated to it by Beyonce, Twitter, and others to help Black owned businesses nationwide. The applications for the free grants will be processed by the NAACP. While most of the money will go to Black owned businesses in New York, Houston, Atlanta, Los Angeles, or Minneapolis, funds are offered nationwide. Round 2 of the grant program will be opening soon, and find applications and more details here. https://naacp.org/black-owned-business-impact-fund/
August 2020
Business For All, Hello Alice, Ebay,the Silicon Valley Bank are together providing cash grants to black male or female owned businesses. Applicants need to go through multiple steps as part of the review before any funds are provided. The programs also gives other details on financial aid programs, microloans, startup funding for people of color and more. Apply here. https://businessforall.helloalice.com/signup
SoGal Black Founder Startup Grant is for women of color who are in business now and that will be needing additional financing in the future. Several companies, including twelveNYC as well as Winky Lux have combined to provide up to $10,000 in free grants to black female owned companies who struggle to get VC funding. Read more here http://www.iamsogal.com/black-founder-startup-grant/
Majority black owned businesses can apply for a free grant from Facebook. Applicants need to have been in business at least one year and have fewer than 51 employees. The Facebook grant program is for US based businesses only. in addition, winners are able to get community support from other small to mid size business owners. More details here. https://www.facebook.com/business/black-business-grants
Ladies Who Launch is a national non-profit that is providing free grants ranging from $5,000 to $25,000 to female led small businesses and/or entrepreneurs. The amount of funding is based on business size and need. In addition to the free grant money, their partners including ESquared Partners will provide free budgeting and financial review, there is advice and mentorship from subject matter experts, and an online community. More details or apply. https://www.ladieswholaunch.org/launch-program
Caress as well as IFundWomen of Color is helping women of color, with a focus on startups and entrepreneurs. Get business coaching, cash grants, and networking opportunities as well. Assistance in for Black women, Latinos, Asians, and other women of color. More details or apply. https://ifundwomen.com/woc
Beauty salons, technology, cosmetic and product companies, owned by women of color, can get financial assistance from Barefoot and New Voices, a non-profit. It is for small businesses or sole proprietors with at least one employee. The aim is to help disadvantaged women in the beauty industry grow their business, or save it from a loss. Apply here. https://apply.newvoicesfamily.com/prog/barefoot_wine_beauty_grants/
Sara Blakely Foundation is providing up to $5000 to thousands of female owned businesses as part of The Red Backpack Fund. Some recipients will also be winners of free entrepreneurship and business training workshops from Sara Blakely. Anyone can donate to the fund as well in order to help more businesses. Read more. https://www.globalgiving.org/redbackpackfund/
Juvia’s Place is offering a total of $300,000 in Business Grant to six different Black Entrepreneurs, startups or small businesses. They can get $50,000 per applicant. The applicants need to be US based and also have had at least $100,000 in sales last year. Apply here. https://www.juviasplace.com/pages/business-grant
Clear Vision Impact Fund, LLC (created by the Siebert Williams Shank & Co LLC (SWS)) will be investing millions of small and medium-sized businesses, with an emphasis on minority-owned businesses. Loans and direct investment is given. Additional support is given too around relationships, counseling, sales goals and more. The agency will maximize social impact. https://siebertwilliams.com/
SheaMoisture and BROWN GIRL Jane has created a $250,000 free grant fund for Black women owned businesses. Multiple applicants can be given funds. Winners can also receive entrepreneurial mentorship from industry veterans. The financial assistance and counseling is for Black Women-owned, independent beauty and wellness brands. https://www.browngirljane.com/swap
Black Sewers and Crafters can apply for $5,000 grants from The Minority Creative Grant Program. It is run by JOANN Stores. Winners will also be featured in JOANN Marketing and Social Channels,which can help the Black business owner increase their revenue. https://www.joann.com/minority-creative-grants/
Stacy’s Rise Project is a grant and free mentorship program by PepsiCo, that is designed to support female-founded and owned small businesses across the nation that have a social impact. Note funds have run out, but PepsiCo plans on reopening it. Keep your eyes on this program. https://www.fritolay.com/stacy-s-rise-project
Penn State alumni have a new nonprofit aimed at rebuilding Black-owned businesses nationwide. To qualify for Rebuild the Block funding, businesses must be Black-owned, and certify that they were in business before Jan. 1, 2020. https://www.rebuildtheblock.org/
Partnership Will Help Fund and Empower Women Entrepreneurs. She Angels foundation awards annual free grants ranging from $3-10k to female founded and operated non-profit organizations. https://sheangelsfoundation.org/
Wells Fargo Is Supporting Small Business And Minorities. The first $28 million will go to nonprofit lenders, or community Development Financial Institutions (CDFIs). The CDFIs focus on Black owned business. Pillars of the first stage include the Expanding Black Business Credit Initiative (EBBC) and the Local Initiative Support Corporation (LISC). The EBBC is backing the Black Vision Fund, which will offer capital to CDFIs that support Black businesses. https://ebbcfund.org/ and https://www.businesswire.com/news/home/20200713005623/en/Wells-Fargo-Awards-13.5M-Grant-Expanding-Black
Citizens Bank Announces Grant Program for Minority-Owned Small Businesses. With this program, Citizens will award 100 free grants of $15,000 each ($1.5 million total) to 100 minority-owned businesses (customers and non-customers). https://www.businesswire.com/news/home/20200803005517/en/Citizens-Bank-Announces-Grant-Program-Minority-Owned-Small
Ford and the National Urban League Partner to Support Black-Owned Businesses During COVID-19. National Urban League affiliates in six cities: Atlanta, Chicago, Detroit, Los Angeles, New Orleans, and New York are distributing funds. Awarded applicants will receive grants totaled between $2,000 and $5,000. Regarding eligibility, preference will be given to “person-to-person” businesses as well as those who are located in areas that have a residency rate of black residents that is higher than 25 percent. https://www.myasbn.com/articles/ford-and-the-national-urban-league-partner-to-support-black-owned-businesses-during-covid-19/
Lowe’s to give $55 million in free grants to small businesses during COVID-19. With the help of a nonprofit called Local Initiatives Support Corporation, $33 million will go toward women and minority-owned businesses. The nonprofit will also provide guidance on navigating the plethora of private and public resources already available to small businesses. https://abc13.com/small-business-loans-financial-help-for-businesses-grants-struggling-during-covid-19/6348887/
July 2020
Joann Stores creates $100,000 free grant program for Black entrepreneurs. The program will provide $5,000 grants to 20 Black entrepreneurs and small business owners https://beaconjournal.com/business/20200730/joann-stores-creates-100000-grant-program-for-black-entrepreneurs
TCF Bank launches $1B loan program as a commitment to minority communities and minority- and women-owned small businesses – https://grbj.com/news/banking-finance/tcf-bank-launches-1b-loan-program/
U.S. Department of Transportation Announces $11.2 Million in Grants for Minority- and Women-Owned Businesses – https://cms8.fhwa.dot.gov/newsroom/us-department-transportation-announces-112-million-grants-minority-and-women-owned
NNPA, Magic Johnson To Fund Over $100 Million In PPP Loans For Minority Businesses – http://seattlemedium.com/nnpa-magic-johnson-to-fund-over-100-million-in-ppp-loans-for-minority-businesse
By Jon McNamara