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Potential Sources of Funding for Small Businesses

Potential Sources of Funding for Small Businesses

This information was compiled by the Charlotte Business Journal.  For information on each funding, go to the website of the granting agency or company.

  1.  The Small Business Administration is offering Targeted EIDL Advance cash grants up to $10,000 in low income areas and $5,000 follow up grants for small businesses especially hard hit by covid. Go the the SBA website.
  2. Walmart if offering grants up to $5,000 for eligible non-profits, local government agencies, schools and faith based organizations that aim to help the community. 
  3. The private equity firm KKR is offering grants under their Small Business Builders program, to small businesses in specific areas with 5-50 employees and under $7 million in revenue and who qualify under specific terms of their program.
  4. Start a fundraiser on the GoFundMe website.   Businesses can get up to $500 in matching funds.
  5. The National Science Foundation has grants open to early stage technology companies for the purpose of proving their technology and market potential.   The grant program provides a total of $200 million each year to businesses selected under their process.
  6. The Barstool Fund provides modest help to small businesses around the country, based on donations it receives from individuals.  It has raised $41 million and helped 441 small businesses to date.
  7. At challenge.gov, the National Institute of Health is offering up to $100,000 for start ups with a business idea that can answer key problems.
  8. For Hispanic businesses, the Hispanic Heritage Foundation and TikTok have teamed to offer $5,000 grants for entrepreneurs and and TikTok creators, plus up to $100 Million in TikTok ad credits.
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