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Are there grants available for women-owned and minority-owned small businesses?

While the COVID-19 pandemic has made it more difficult to be a business owner, it is important for you to know that you are not going through it alone. Here are some grants and resources to help you keep your business going:

Small Business Administration (SBA) programs

The CARES Act established several new temporary programs to address the COVID-19 outbreak. Learn more about available SBA COVID-19 relief programs you may be eligible for here.

COVID-19 Business for All Emergency Grant: Hello Alice Business Resource Center

Hello Alice is offering $10,000 grants being distributed immediately to small business owners impacted by coronavirus, as part of their broader mission to ensure Business for All.

  • SBA Loans Through MBE Capital Partners: Funding Provided by EquiTrust and Magic Johnson

Magic Johnson, The CEO of Magic Johnson Enterprises along with MBE Capital Partners offer $100 million in loans to minority- and women-owned companies hurt by stay-at-home orders due to COVID-19. See application details here.

The Emergency Microloan Program is designed to support Long Beach businesses and non-profits with 5 or less employees that have been financially burdened by COVID-19.

Verizon provides grants of up to $10,000 to businesses facing immediate financial pressure because of Covid-19—especially entrepreneurs of color, women-owned businesses.

  • Facebook Small Business Grants Programs

Facebook is helping up to 30,000 businesses affected by COVID-19, offering $100M in cash grants and ad credits. See application details here.

The FedEx Small Business Grant Contest is a grant program by FedEx to award U.S. based small businesses with grants to help them grow and scale their business.

An Amber Grant is a grant for women business owners by WomensNet. Since 1998 an Amber Grant of $10,000 is awarded monthly, and one of the 12 monthly recipients receives an additional $25,000.

This article was written and edited by the Tayo editorial desk and has been reviewed by an independent panel of subject matter experts.

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