Home Banking & Finance U.S. Chamber of Commerce Foundation launches small business grant program today

U.S. Chamber of Commerce Foundation launches small business grant program today

Beginning at 3 p.m. today, the U.S. Chamber of Commerce Foundation is launching a “Save Small Business” grant program, aimed at providing short-term relief of up to $5,000 to small employers who are struggling due to the COVID-19 shutdown.

To qualify, businesses must employ between three and 20 workers; demonstrate they have been harmed financially by the coronavirus; and are in an “economically vulnerable” community.

The chamber said the application takes about 10 minutes to complete, and that all a business needs to apply is its W-9 form. Grants will be awarded on a weekly basis, but businesses only need to apply one time to be eligible for funding.

Once the grantee has been notified and submitted payment information that meets compliance checks, it will take three to five days to process the payment. The number of grants awarded will be scaled in proportion to the demand and available funds, which are being provided by various corporate and philanthropic partners.

For more information, click here.

The Save Small Business Fund is administered by the U.S. Chamber of Commerce Foundation. The Chamber Foundation is a private sector 501(c)(3) charity affiliated with the U.S. Chamber of Commerce and is not a government agency.

8 COMMENTS

  1. I am very interested in applying for the grant for small businesses. I have my W-9 ready. I just don’t know what the next step is or who to contact. Can you help?

  2. Well, i guess we small businesses are not meant to get any HELP or FUNDS… Basically the same thing happened with SBA. They told me they were way behind, but they would get to my request shortly, just be patient, we are working on it…. then they gave all of the money to the Rich Corporations and MEGA Restaurants. I was told over Two dozen times, if you don’t bank here, we cannot help you… We are only taking applications from our customers. They locked Small businesses out and gave the funds for MOM & POP and small businesses to Giant companies, corporations and Restaurants ETC…. How can this be. LOCK US OUT-Give our needed FUNDS to Large CORPORATIONS ETC… Wow what is next…. Thanks for LISTENING… Still BROKE, but I feel better now I have that off of my shoulders. GOD BLESS AMERICA and the little people to….

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