Category Archives: Small Business

Etsy Emergency Relief Fund at CERF+

Etsy and CERF+ have partnered to offer an Emergency Relief Fund for Etsy sellers in the U.S. and its territories who have experienced hardship due to a federally declared natural disaster.

Applications for up to $2,000 are reviewed on a quarterly basis. Submissions are viable for a year; if an applicant is not initially selected, they may still receive funding if additional money is available.

Eligibility

Applicant

This grant is open to handmade, craft supply, and vintage Etsy sellers in the United States and its territories who:

  • Have experienced hardship due to a natural disaster as declared by the Federal Emergency Management Agency
  • Have been an active seller for at least one year
  • Are in good standing with regard to  Etsy’s Seller PolicyIntellectual Property Policy, or any other policies

Disaster

Disasters eligible for funding include:

  • Coastal Storm
  • Dam/Levee Break
  • Earthquake
  • Fire
  • Flood
  • Hurricane
  • Mud/Landslide
  • Severe Ice Storm
  • Severe Storm(s)
  • Snow
  • Tornado
  • Typhoon
  • Volcano

Documentation

Applicants may upload up to 5 files to document the hardship they experienced. This might include:

  • Photos of lost or damaged merchandise, equipment, or property
  • Itemized lists of lost or damaged merchandise, equipment, or property
  • Photos of nearby property damage or flooding
  • Power outage alerts

USDA Rural Business Development Grant

The Rural Business Development Grant from the U.S. Department of Agriculture provides assistance to rural areas and small towns for economic development and job creation. Funds are available for two types of projects – Opportunity Grants and Enterprise Grants.

There is no maximum request amount, but smaller requests will receive priority consideration. Awards are typically between $10,000 and $500,000. There is no cost share requirement.

Final applications are due February 28, 2025 at 4:30 p.m. local time. Applications are submitted through state offices which may have additional requirements and an earlier deadline.

Eligibility

Applicant

This grant opportunity is open to:

  • Nonprofit entities
  • Public bodies
  • Government entities
  • Federally recognized Native American tribes

Community

Only rural areas are eligible to benefit from this grant. The USDA defines a rural area as any area other than:

  1. A city or town that has a population of greater than 50,000 inhabitants
  2. The urbanized area contiguous and adjacent to such a city or town, as defined by the U.S. Bureau of the Census using the latest decennial census of the United States.

Opportunity grant applicants must also demonstrate a reasonable expectation for economic development as a result of the project.

Allowable Expenses

Enterprise Grants

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Enterprise grant funds may be used for activities such as:

  • Rural business incubators
  • Distance learning for job training
  • Leadership and entrepreneurship training
  • Long-term strategic business planning
  • Feasibility studies and business plans
  • Training and technical assistance (i.e. business counseling, market research, technical reports)
  • Capital improvements – land acquisition and development, construction, equipment
  • Revolving loan funds
  • Pollution control and abatement

Opportunity Grants

Opportunity grant funds may be used for:

  • Rural business incubators
  • Leadership and entrepreneurship training
  • Long-term strategic business planning
  • Feasibility studies and business plans

Evaluation

Applications will be evaluated on

  • Evidence of local business job creation
  • Economic need in the area
  • Applicant experience with similar projects
  • Consistency with local economic development priorities
  • Percentage of non-federal funding already committed

Application Requirements

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All applications must contain:

  • Evidence of Legal Authority and Good Standing (i.e. organization bylaws, Articles of Incorporation, letter from Secretary of State)
  • Financial statements for three most recent years
  • Documentation of non-federal funds committed to the project
  • Letters of Commitment from the business to receive assistance

Business & Human Rights Accelerator

The Business & Human Rights Accelerator is a six month program to assist businesses participating in the UN Global Compact as they establish a human rights due diligence process.

Participants may join the program through one of 50 In-Country Tracks which are conducted in the local language and time zone, a Regional Track in Africa, Asia, and Latin America, or a Global Track conducted in English. Applications are due by December 20, 2024 and the program will start in February 2025.

Eligibility

Businesses of all sizes are encouraged to participate in the Accelerator. To be eligible, they must be:

  • Engaged with a Global Compact Country Network or willing to join
  • Willing to identify human rights risks and impacts within their business operations
  • Committed to developing an Action Plan to address the human rights risks identified
  • Able to appoint two representatives to attend sessions and participate in events
  • Able to appoint an executive-level representative to provide support and participate in high-level events
  • Committed to completing the program and incorporating what they learn into their strategies and operations

Program Benefits

Accelerator participants will learn how to:

U.S. Small Business Administration Loans

The U.S. Small Business Administration works with local lenders and Certified Development Companies to provide loans to small business owners across the United States.

The SBA offers a Lender Match service, as well as three loan types: 7(a) Loans, 504 Loans, and Microloans. There are no deadlines and available funding varies by loan type.

Eligibility

Regardless of the type of loan, all applicants must be:

  • An officially registered for-profit business
  • Operating in the United States or its territories
  • Creditworthy
  • Unable to obtain similar financing from non-government sources
  • Able to meet size requirements for a small business
  • Eligible based on federal regulations

Lender Match

SBA will match you with a lender and allow you to compare your options with Lender Match. You simply answer a few questions about your business and they will give you a list of interested lenders.

Lenders will typically expect applicants to have:

  • A business plan
  • Specifics on how much funding will be needed and how it will be used
  • Collateral
  • Financial projections
  • Credit history

7(a) Loans

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The majority of SBA loans are through the 7(a) program. The maximum loan amount is $5 million, but it is only open to business that are already in operation.

Loan funds may be used for:

  • Purchasing, refinancing, or redeveloping property
  • Purchasing furniture, fixtures, and supplies
  • Purchasing and installing machinery and equipment
  • Short and long-term working capital
  • Refinancing business debt

504 Loans

504 Loans are long-term, fixed rate loans available through Certified Development Companies. The maximum 504 loan amount is $5.5 million and it is only open to businesses with a tangible net worth of less than $15 million and an average net income of less than $5 million.

Loan funds may be used for:

  • Purchasing or redeveloping existing buildings or land
  • Building new facilities
  • Purchasing long-term machinery and equipment with a remaining useful life of at least 10 years
  • Improving streets, utilities, parking lots, and landscaping

504 loan funds may not be used for:

  • Working capital or inventory 
  • Consolidating, repaying, or refinancing debt 
  • Speculation or investment in rental real estate
  • Financing AI-related working capital, intellectual property, or consulting services soft costs

Microloans

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Microloans are $50,000 or less for start up and expansion costs for small businesses and certain not-for-profit childcare centers. Microloans are available through intermediary lenders and may be used for:

  • Inventory
  • Machinery 
  • Equipment 
  • Supplies
  • Furniture 
  • Fixtures 
  • Working capital

Microloan funds may not be used to pay existing debts or purchase real estate.

Wish Local Empowerment Program

The Wish Local Empowerment Program provides funding to Black-owned businesses in the United States. Applications for $500 – $2,000 are accepted on a continual basis.

Wish Local membership is not required to apply, but grantees will be required to join this free platform.

Eligibility

This grant is open to Black business owners in the U.S. who:

  • Are 18 or older
  • Have a physical, brick and mortar shop in the U.S.
  • Have 20 or fewer employees
  • Have an average annual revenue of less than $1 million

Allowable Expenses

Wish Local does not restrict the use of grant funds, but suggests it be used for:

  • Paying rent, operational, or inventory costs
  • Keeping workers employed
  • Connecting with new customers
  • Providing opportunities in the community

Hello Tomorrow Global Challenge

The Hello Tomorrow Global Challenge is an early stage deep tech startup competition. Applicants may submit in one of 11 track for the chance to win the €100,000 Grand Prize or €25,000 Second Prize. An additional €25,000 will be awarded to one Emerging Pioneer and customized prizes will be given in the different tracks in cooperation with corporate partners.

Applications are due by September 22, 2024. Eight hundred Deep Tech Pioneers will be announced on October 30 and have until November 15 to update their applications before finalist selection.

Eligibility

This challenge is open to startups that:

  • Are in early stage development, including before incorporation
  • Have developed/are developing new technology, a scientific discovery, or a complex engineering process
  • Have a proof of concept, prototype, solid scientific validation for their product, or are developing one
  • Have a team of at least 2 people
  • Are not a subsidiary or offshoot of another, existing company
  • Expect their product to be economically viable within 15 years
  • Have the potential to significantly impact their industry, society, or the environment in general

Tracks

https://builtin.com/robotics/microrobotics

Applicants may submit in any of the 11 tracks.

  • Aerospace
  • Advanced Computing & Electronics
  • Industry & Machines
  • Sustainable Construction & Infrastructure
  • Energy
  • Environment & Biodiversity
  • Food & Agriculture
  • Industrial Biotech & New Materials
  • Digital Health & Medical Devices 
  • Medical Biotech & Pharmaceuticals

Award

All 800 Deep Tech Pioneers will be invited to attend Investor Day in Paris on March 12, 2025 where they’ll be able to meet with over 300 venture capitalists and corporate venture capitalists.

Seven finalists per track plus an additional seven finalists for the Emerging Pioneers Prize will pitch their idea during the Global Summit in Paris on March 13 and 14, 2025. The Grand Prize, Second Place, and Emerging Pioneer Prize as well as the corporate prizes will be chosen from these presentations.

Fast Break for Small Business Grant

Fast Break for Small Business is a cooperative effort of LegalZoom and the NBA, WNBA, and NBA G Leagues, which supports small business owners and emerging entrepreneurs in the United States.

Awards of $10,000 and a LegalZoom product valued at up to $500 will be given to 150 small businesses. A LegalZoom product valued at up to $500 will also be given to 3,000 entrepreneurs whose business hasn’t launched. Applications are due by September 13, 2024.

Eligibility

Small Businesses

The award for small businesses is open to for-profit entities that:

  • Are based in the United States
  • Have been in business for at least 3 months
  • Have an annual revenue of less than $1 million
  • Have an active business bank account
  • Can provide their most recent business tax return OR
  • If they’ve been in operation for less than 12 months, can provide their (1) Articles of Incorporation, (2) Sole proprietorship formation, (3) Fictitious name statement or DBA, (4) EIN registration, (5) City, state, or federal business license, (6) Relevant professional license

Entrepreneurs

The award for entrepreneurs is open to for-profit entities that:

  • Are based in the United States
  • Have been in business for fewer than 3 months or can provide a summary of their business idea

Ineligible Industries

Businesses in the following industries are ineligible:

  • Adult entertainment
  • Tobacco shops, stands, and wholesalers
  • Firearms and ammunition sellers, gun clubs, and shooting ranges
  • Marijuana or cannabis related industries
  • Massage parlors, saunas, or hot tub facilities
  • Gambling facilities, including racetracks
  • Real estate investment companies, house flippers, hotels, or real estate rental businesses
  • Banking and financial institutions
  • Merchant services and payment companies
  • Lending businesses and small business loan brokers
  • Pawn shops
  • Check cashers
  • Bail bondsmen
  • Collection companies and debt consolidation firms
  • Multi-level marketing companies
  • Transportation of hazardous materials
  • Oil and gas exploration/securities
  • Rideshare businesses

Queer to Stay: LGBTQ+ Business Preservation Initiative

The Queer to Stay: LGBTQ+ Business Preservation Initiative supports LGBTQ+ small businesses still overcoming the negative impacts of the COVID-19 pandemic.

In its fifth year, Queer to Stay will make donations to at least 25 businesses in the United States who specifically serve the LGBTQ+ community. Applications are due by August 31, 2024 at 11:59 PM.

Eligibility

This funding opportunity is open to for profit businesses in the U.S. that cater to the LGBTQ+ community and can describe how the pandemic has and continues to impact them.

Special consideration will be given to businesses that are owned by queer people of color, queer women, and transgender or nonbinary individuals.

4th Global Gastronomy Tourism Startup Competition

The Global Gastronomy Tourism Startup Competition is an inititative of the United Nations World Tourism Organization. It was created to identify challenges and support innovation in the gastronomy tourism sector.

Applications for the 4th annual competition are due by June 6, 2024. The award does not come with a monetary prize, but does have numerous benefits to help build your startup.

Eligibility

This competition is open to for-profit and nonprofit organizations from anywhere in the world who meet the following criteria:

  • Operating in the Gastronomy Tourism Sector
  • Using innovative methods in comparison to similar businesses
  • Focusing on social needs such as employability and gender equity
  • Ability to enact localized social change
  • A tested product or service
  • The potential to scale up the business in the short to medium term
  • Ability to quickly implement collaborative development of products or services
  • A committed team with the knowledge to achieve their goals
  • Adherence to the U.N.’s Sustainable Development Goals

Benefits

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Finalists will receive:

Categories

Applicants may apply in one of three categories:

  • New Technologies – Startups developing and promoting a product or service with a high technological component
  • Local Impact – Startups developing and promoting a project with a high degree of transformation and social improvement
  • Sustainability and Waste Management – Startups developing and promoting a project with a focus on sustainability and/or food waste generated by tourists

They may also apply for one of four types of product or service:

  • Physical product
  • Service
  • Software
  • New business model for tourism

Progressive® Driving Small Business Forward

In 2024, Progressive will award 20 grants of $50,000 each to small businesses in need of a commercial vehicle through their Progressive Driving Small Business Forward Grant. Grantees will also be invited to attend a 12-week virtual Boost Camp coaching program.

Applications are due through Hello Alice by June 14, 2024 at 6:00 PM ET. Applicants are not required to be Progressive customers.

Eligibility

Applicant

Applicants must be:

  • Legal residents of the United States
  • 18 years old or older (19 in Alabama and Nebraska)
  • The leading executive of a business that meets the below criteria

Business

Eligible businesses must:

  • Be an established, for-profit business in the United States or the District of Columbia
  • Have ten or fewer employees
  • Have less than $5 million in gross annual revenue
  • Have a demonstrated need for a commercial vehicle
  • Have a clear plan for how a vehicle will help the business grow

Sole proprietorships and part-time businesses are eligible.

Vehicle

A commercial vehicle is any car, truck, van, bus, or other automobile that is used for business purposes, such as:

  • Delivery of products and goods
  • Travel to perform on-site services
  • Transportation of materials or inventory
  • Transporting people

Ineligible vehicles include:

  • Those used solely for commuting
  • Those used for a rideshare service such as Uber or Lyft, or third-party food delivery such as UberEats, DoorDash, PostMates, Grubhub, Instacart, etc.
  • Heavy trucks with Gross Vehicle Mass (GVM) over 26,000 lbs. and vehicles designed principally for use off public roads (e.g. bulldozers, farm machinery, forklifts, etc.)

Evaluation Criteria

All applications will be reviewed based on:

  • Demonstrated need for funds to purchase a commercial vehicle (40%)
  • Clear plan for growth as a result of this vehicle purchase (40%)
  • Demonstrated commitment to customers and community (20%)