COVID-19 has impacted many businesses financially. Luckily, there are many programs out there that are helping businesses provided the business meets the requirements of the loan or grant it is applying for. One company that is offering a small business grant and credits for advertising is Facebook. Facebook is giving cash grants to 30,000 small businesses who qualify for it, and it will give up to 100 million dollars to these businesses. This grant will be available in at least 30 countries where Facebook operates. In order to qualify, the business must be a for-profit, must have 2 to 50 employees, been in business for at least one year, been affected by COVID-19, and must be located near to where Facebook operates.
The application is currently available in some locations and will be available to others within the next day or so. You must submit your application before the deadline. Once the application is completed and submitted, it will be reviewed, you will be contacted if there are any follow up questions, the finalists will be chosen, and then those who are selected for the grant will be announced. To access the application or to see if your area is eligible for the grant, you can go to Facebook’s website and search for the grant. If the application is not available in your area as yet, then you can provide your contact information for Facebook to contact you if and when the Small Business Grant becomes available in your area.
Some of the documents needed to complete the small business grant application are your federal employer identification number, partnership documents, business license, proof of incorporation, and official registration. Also, the application asks you to describe your business and what the money will be used for if it is given to you. For example, some ways in which you can use the grant money are: to pay your employees and to pay your rent.
Jayson Lutzky gives free consultations and can be reached at 718-329-9500. He has been practicing law for over 36 years in New York, and he can help you with your legal matter. Due to COVID-19, he is available by telephone or by Zoom Monday to Friday from 9am to 4pm. Regular business hours at his Bronx office are Monday to Friday from 9am to 5pm, with the last appointment at 4pm, and Saturday, from 10am to 2pm, with the last appointment at 1pm.