#1 TikTok Ads Spy Tool

A Better Way to Make TikTok Ads Dropshipping & TikTok For Business

  • Find TikTok winning products & TikTok dropshipping ads.
  • Analyze TikTok advertisers
  • Get the Latest TikTok Shop Data.
Try It Free

Get Grants for Black-Owned Businesses with Easy 15-Minute Application!

Published on: November 20 2023 by speaknsee

Get Grants for Black-Owned Businesses with Easy 15-Minute Application!

Table of Contents:

  1. Introduction
  2. Overview of the Facebook Small Business Grants Program
  3. Eligibility Criteria
    • Business Ownership
    • Legal Registration
    • Profitability Status
    • Number of Employees
    • Validity of Business
    • Primary Source of Income
    • Previous Grant Recipients
  4. Application Process
    • Creating a Submittable Account
    • Completing the Questionnaire
    • Providing Proof of Business Establishment
    • Social Media Promotion Compliance
    • Household and Immediate Family Membership
  5. Application Submission and Deadline
  6. Tips for a Successful Grant Application
    • Providing a Brief Business Description
    • Identifying the Industry Category
    • Impact of COVID-19 on the Business
    • Intended Use of Grant Funds
    • Potential Impact on the Local Community
    • Optional Demographic Information
  7. Conclusion
  8. Frequently Asked Questions (FAQs)

Introduction

In this article, we will walk you through the Facebook Small Business Grants Program for black-owned businesses. Facebook has committed $100 million this year to invest in small businesses, black creators, nonprofits, and serve black communities in the United States. This grant program aims to provide financial assistance to eligible businesses affected by the COVID-19 pandemic. We will guide you on how to apply for this grant, the eligibility criteria, and provide tips for a successful application. So, let's get started and help you secure the funding your business deserves!

Overview of the Facebook Small Business Grants Program

The Facebook Small Business Grants Program is part of the company's commitment to support small businesses and black entrepreneurs. With an investment of $100 million, the program aims to provide financial relief to businesses impacted by the COVID-19 pandemic. The grants can be used for various business expenses such as operational costs, rent, and additional expenses related to the pandemic.

Eligibility Criteria

Before applying for the grant, it is important to review the eligibility criteria to ensure your business qualifies. The following factors will be considered during the application process:

Business Ownership

To be eligible, your business must be majority black-owned.

Legal Registration

Your business must be legally registered in the United States or the District of Columbia.

Profitability Status

The program accepts applications from both for-profit and non-profit businesses.

Number of Employees

The grants are available to businesses of all sizes, including sole proprietors with one employee.

Validity of Business

You should be able to provide evidence that your business is legal and valid in the state of registration.

Primary Source of Income

The business should be a primary source of income for the applicant.

Previous Grant Recipients

If you have previously received a grant from the Facebook Small Business Grants Program, you may not be eligible for another grant.

Application Process

To apply for the Facebook Small Business Grants Program, follow the steps outlined below:

Creating a Submittable Account

Go to the application page and create an account on Submittable. Fill in your email address, password, first name, last name, and sign up.

Completing the Questionnaire

Answer a series of questions regarding the eligibility of your business. Provide accurate information about the ownership, legal registration, profitability, number of employees, and the duration of your business's establishment.

Providing Proof of Business Establishment

Submit proof that your business has been legally established for at least one year. This can be in the form of registration documents or other official records.

Social Media Promotion Compliance

If you have promoted your business on Facebook in the past or plan to promote it in the future, confirm your compliance with Facebook's advertising guidelines.

Household and Immediate Family Membership

Confirm whether you or any of your immediate family members are personnel of Facebook, Accenture, AEO, or Submittable, as this might affect your eligibility.

Application Submission and Deadline

Once you have completed the questionnaire and provided the necessary documents, review your application and submit it. Keep in mind that once the application is submitted, you will not be able to edit your responses. The deadline for submission is August 31st, 2020, at 6 PM.

Tips for a Successful Grant Application

To increase your chances of securing the Facebook Small Business Grant, consider the following tips:

Providing a Brief Business Description

Introduce your business with a concise description that highlights its key features and offerings. This will give evaluators a clear understanding of your business.

Identifying the Industry Category

Categorize your business into the appropriate industry. In this case, as a content creator for YouTube, select the relevant industry to align with your business activities.

Impact of COVID-19 on the Business

Explain how the COVID-19 pandemic has affected your business. Mention any decrease in revenue or any challenges faced due to the ongoing crisis.

Intended Use of Grant Funds

Clearly state how you plan to use the grant funds to support your business. Whether it is for operational expenses, rent, or anything else, make sure to justify the need for the funds.

Potential Impact on the Local Community

Describe how the grant would make an impact on your local community. If possible, outline the ways in which it would support job creation, community sponsorship, the provision of essential services, or fueling the local economy.

Optional Demographic Information

You have the option to provide demographic information, which can help the evaluators understand the diversity and representation within the applicant pool. Consider filling out this section if you are comfortable doing so.

Conclusion

The Facebook Small Business Grants Program offers a valuable opportunity for black-owned businesses to receive financial assistance during these challenging times. By carefully reviewing the eligibility criteria, completing the application process, and providing compelling information about your business, you have a chance to secure a grant that can make a significant difference. Good luck with your application, and we hope to hear some good news from you soon!

Frequently Asked Questions (FAQs)

Q: Can non-profit businesses apply for the Facebook Small Business Grants Program? A: Yes, both for-profit and non-profit businesses are eligible to apply for the grants.

**Q: Can sole proprie

Start your free trial today!

Try Pipiads free for trial, no credit card required. By entering your email,
You will be taken to the signup page.