Small businesses have been hit hard by the COVID-19 pandemic, and many are struggling to keep their doors open. However, there is hope as various organizations are stepping up and offering grants to help support these businesses. In this article, we will explore the top small business 50K grant programs available now to help your company navigate these trying times.
1. The Save Small Business Fund
The U.S. Chamber of Commerce Foundation’s Save Small Business Fund provides grants of up to $5,000 to small businesses that have been adversely impacted by COVID-19. The grant can be used to cover operational costs, maintain employees, or pay outstanding debt.
2. The National Association for the Self-Employed Growth Grants
The National Association for the Self-Employed (NASE) offers growth grants to small business owners who need financial assistance to expand their companies. The grant provides up to $4,000 in funding for expenses such as marketing, advertising, or website development.
3. Verizon Small Business Recovery Fund
Verizon has launched a Small Business Recovery Fund to support small businesses facing financial challenges due to COVID-19. The grant program will provide up to $10,000 to small businesses and non-profits.
4. Facebook Small Business Grants
Facebook is offering up to $100 million in grants to support small businesses impacted by COVID-19. The grant program is available to businesses in 34 countries, including the US. The funds can be used for employee salaries, rent, or other operational costs.
5. Hello Alice COVID-19 Business for All Emergency Grant
Hello Alice is a platform offering support and resources for small businesses. The COVID-19 Business for All Emergency Grant program provides up to $50,000 in grants to small businesses affected by the pandemic. The grant can be used for various operational expenses, including payroll, rent, and inventory.
In conclusion, small businesses have a variety of options available for receiving funding during these challenging times. It’s essential to research all options thoroughly and apply for grants that align with your needs. These grant programs provide small businesses with the support they need to survive and thrive in the future.
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