Small business owners are still struggling more than two years after the COVID-19 pandemic began. Thankfully, there’s help that these businesses and entrepreneurs can reach out for and receive.
Keep reading to see other funding opportunities for small and medium-sized businesses.
If you’re an entrepreneur, many entities are trying to make grants available to you right now. All you have to do is apply for the assistance.
If you’re unsure about what a grant entails, here’s what you need to know first:
What Is A Grant?
A grant is a funding for our business or service that does not to be repaid. The federal government is the #1 supplier of grants in the United States.
American businesses and entrepreneurs with projects that need funding use grants to get their ideas off the ground and into fruition. Many organizations also use grants to support critical recovery initiatives, research, and many other community programs.
The Small Business Association is specifically trying to help the smaller companies affected by the coronavirus pandemic.
Check Out These Small Business Grants For COVID-19
Here are several grants and loans available right now for your small business impacted by COVID-19.
Atlanta Resurgence Grant Fund
The Atlanta Resurgence Grant Fund gives up to $40,000 to small local businesses impacted by the pandemic.
The grant is open through April 29, 2022. Apply here.
Facebook Small Grants Program
Facebook is another company offering big money to businesses. This time, the social media giant has pledged $40 million in grants. How it works is that Facebook will give $4,000 grants ($2500 cash, $1500 in optional ads credits) to 10,000 qualifying small businesses to keep them afloat.
Interested in the Facebook Small Grants Program? Apply here.
GoFundMe Small Business Relief Fund
GoFundMe has partnered with smaller stakeholders to offer the Small Business Relief Fund to those who apply. The grant gives those who are selected $500. Apply here.
Fearless Strivers Grant Contest
The Fearless Strivers Grant Contest is open only to black women who meet the eligibility requirements. You can get $10,000 if you are accepted.
Apply for the Fearless Strivers Grant Contest here.
Halstead Grant
Visa • IFundWomen Grant
Visa is partnering with IFundWomen to offer grants to Black women-owned small businesses. The program is providing 10 grants of $10,000 each as well as one year of IFundWomen Annual Coaching Membership.
To qualify for the grant, you must:
- Be a Black woman
- Have a business up and running for at least two years
- Have a minimum annual revenue of at least $24,000
Apply for the Visa + IFundWomen Grant Here.
Hidden Star Minority Grant
Hidden Star is offering $3,500 grants for minority businesses. If you’re interested, apply for the Hidden Star grant.
Small Business Administration Restaurant Revitalization Fund
The Restaurant Revitalization Fund (RRF) provides funding to help restaurants and other eligible businesses stay open. Food businesses may be eligible to get funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location. Recipients don’t have to repay the grant if the money is used for eligible expenses by March 11, 2023.
Apply for the SBA Restaurant Revitalization Fund
Shuttered Venue Operators Grant
The Shuttered Venue Operators Grant (SVOG) program is still being administered by SBA’s Office of Disaster Assistance until funds are depleted. Eligible businesses can get grants an amount equal to 45% of their 2019 gross earned revenue OR $10 million, whichever is less.
Apply for the Shuttered Venue Operators Grant
Final Thoughts
For more resources tailored toward Atlanta, see Invest Atlanta’s website.
If you want to prepare your small business for the second round of PPP loans, the University of Georgia is holding a series of web seminars to give you all the information you need.
The seminars are set for:
- Tuesday, January 19
- Wednesday, January 20
- Thursday, January 21
Know of any other grants for small businesses? Let us know in the comments.
Interested in other ways to save or make money? Check out our Money Section:
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