As we hear about COVID-19 financial assistance available to small businesses, we’ll share here on our blog. Note that the information posted here is time-sensitive.
An investment of $2.5 million from Verizon is making it possible for LISC to begin offering critical relief and resiliency-building support to small businesses facing immediate financial threat because of the COVID-19 pandemic. The funding will go to make grants of up to $10,000, especially to entrepreneurs of color, women-owned businesses and other enterprises in historically under-served places who don’t have access to flexible, affordable capital.
APPLICATION DEADLINE: Saturday April 4th @ 11:59PM EASTERN TIME (8:59PM Pacific Time)
What it can be used for?
- Paying rent and utilities
- Meeting payroll
- Paying outstanding debt to vendors
- Other immediate operational costs
The first round of applications were due April 4th, but we’re told there is an additional grant that will be made available in mid-April. Sign up for more information on the LISC website.