- Facebook will spend $100 million on grants to support over 30,000 small businesses in 30 countries, Facebook COO Sheryl Sandberg announced.
- Funds will be paid out in a combination of cash and advertising credits to businesses that need help covering operational expenses and in paying rent or their employees.
- Criteria for Grant Applications. Businesses must:
- Be-for profit
- Employ between 2 and 50 people
- Have operated for over a year
- Have been negatively affected by pandemic
- Be located in an area where Facebook does business
- Documents needed to apply
- Federal Employer Identification Number (FEIN)
- Partnership documents
- Business license
- Proof of incorporation
- Official registration
SCOOTER NOTE: Facebook Small Business Grant application opened on April 22, 2020 and will stay open for two weeks. CLICK HERE for further information and to apply.