Take Advantage of Facebook Grants and Business Hub
Because many small businesses have been affected by the COVID-19 outbreak, owners are taking the impact on their businesses seriously and exploring resources that could help. Many proprietors have already sought out financial help through the Small Business Paycheck Protection Program.
While you wait for approval, keep in mind there are other programs to keep your business operating.
Last month, Facebook announced that it would give $40 million in grants to 10,000 U.S. small businesses that have been adversely affected by the coronavirus, offering a $4,000 grant for the recipients in the U.S. ($2500 cash, $1500 in optional ads credits) to help during this uncertain time.
The grant program spans 34 cities and is part of the $100 million grant program that was announced on March 17. A business does not need to be on Facebook, Instagram, or WhatsApp to apply. The grants help by assisting with rent costs, covering operational costs and connecting you with more customers.
Is your business eligible?
- Be a for-profit company
- Have between 2 and 50 employees
- Have been in business for more than a year
- Have been adversely impacted by the pandemic
- Be in or near a location where Facebook operates
- Sales revenue between $250K and $2 million
See if your business is listed in eligible cities. If your business is in an eligible city, gather your necessary documents.
What documents are needed?
- Federal Employer Identification Number (FEIN)
- Partnership documents
- Business license
- Proof of incorporation
- Official registration
The application for a Facebook grant will ask you to share your contact information, a summary of your business, and how you would use the cash grant.
States are now able to submit their application. The application deadline is May 8, 2020, at 11:59 PM (EDT).
In addition to the grants, Facebook also rolled out its Business Hub, spotlighting resources and recommendations to help small businesses stay on track. The Business Hub offers access to reliable information about COVID-19 to help companies stay up-to-date and proactive, including purchasing gift cards for small businesses.
If your business is eligible, take advantage of this opportunity! If you’ve relied on conventional marketing in the past, now is the time to turn to digital marketing. Digital platforms can offer benefits and opportunities, becoming part of your long-term marketing contingency plans. With most small businesses working remotely, now is the time to leverage your team’s extra time and develop digital strategies.
To learn more about how AFFIRM’s digital marketing agency services can help your company reach the right audience, please email us at info@affirmagency.com. We will be here, Always Responsive, Extremely Reliable and Absolutely Positive!
