1. Facebook will spend $100 million on grants to support over 30,000 small businesses in 30 countries, Facebook COO Sheryl Sandberg announced.
  2. 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.
  3. 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
  4. 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.