Facebook small business grant is a program initiated by Facebook in mid-March of 2020 up until late August of the same year.
This is after the announcement that Facebook provided a budget of 100 million US dollars for cash grants and credits intended for the program.
The primary focus of this program is to support and assist small businesses around the world that suffered due to the impact of the COVID-19 pandemic.
The cash grants bestowed to qualified business owners are intended for maintaining and continuing their business operations despite the drastic changes in the economy.
The cash grants given may vary depending on the country you live or operate your business. In the US, however, the cash grants given to qualified small businesses are about $25,000 with an additional $1,500 for ads credits.
Generally, Facebook’s program was certain to grant 30,000 qualified businesses worldwide.
Not only that this support will continue to empower the field of entrepreneurship, but it will also maintain jobs of employed individuals because there will be a lesser probability of laying off.
Up to 30 countries around the world with small businesses can apply to this program. The list of eligibility requirements below applies to all countries serviceable by Facebook’s program.
Your business is eligible if you:
Unfortunately, this program is no longer accepting applications, but if ever it re-opens, below is the step by step process for applying for Facebook’s small business grant program:
4. Digitally sign your application to finish the transaction.
In part of Facebook’s small business grant program, they also announced that they will be allotting a part of the 40 million US dollars budget to small businesses that are owned by black people.
It was announced that this program will be able to support about 10,000 black business owners.
If you belong to the black community and has a business, here are the eligibility requirements if you plan to apply:
Unfortunately, this program is no longer accepting applications, but if ever it re-opens sometime soon, you can review these steps to have an idea on applying for the program:
4. Accomplish your application by digitally signing and submitting it.
Unfortunately, the Facebook Small Business Grant program already ended its activity in late August of 2020. As stated earlier, the program is no longer accepting applications at the moment.
If ever Facebook initiates another phase of this small business grant program, it is best to prepare the necessary documents for your future application.
If you have an existing application and ads credits from this program or are interested in this program, you can visit the official site of Facebook’s program for updates. You can also visit this site to be updated with upcoming programs and grants.
Additionally, if you have any further queries about your application, it is recommended that you ask the program partner that is managing the application in your locality.
Online businesses have become prevalent since most people are confined to their homes.
To support small businesses online, Facebook offers the following services:
This is a service offered on Instagram for those who want to take their food business to an online level. Features include food ordering options and stickers that may help boost the scope of your food business throughout your city. This requires partnership with online food ordering platforms. Interested?
Just like food order stickers, gift cards offer a more interactive and customer-friendly service to your online business on Facebook. To learn more about this follow the steps provided on the site.
If you want to maintain or develop your online presence to attract more customers for your online business, there is a free online business course offered by Facebook that you can participate in. If you want to know more about this program then read and follow the steps provided.
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READY TO APPLY FOR GRANTS?
Before you start the application procedure, double-check that you or your organization are eligible for the grant.
Financialgrants.org is a knowledge-based portal that shares knowledge with those who are in need. To understand how you can qualify to get such grants, you need to do some detailed research on the different types of federal grants.