Women-owned businesses are particularly vulnerable during the coronavirus crisis because of their historical struggle with securing capital. Now that the Paycheck Protection Program has been depleted, many female entrepreneurs are wondering where to turn next.
Here is a list of 11 possible resources from Fast Company for female employers.
Tory Burch Foundation – provides guides on applying for loans, managing cash flow and handling childcare during the pandemic.
Bumble Community Grant – 150 grants of up to $5,000 for small businesses.
COVID-19 Business for All Community Grant – Hello Alice is offering immediate $10,000 grants to small businesses
IFW COVID-19 Relief Fund – micro-grants to women-run businesses, issued on a rolling basis.
Facebook Small Business Grants Program – $40 million in grants is for 10,000 U.S.-based small businesses.
Red Backpack Fund – $5,000 grants to 1,000 female entrepreneurs.
Verizon Small Business Recovery Fund – $5 million in grants of up to $10,000 targeted at entrepreneurs of color and women-owned businesses.
Sheamoisture Community Commerce Fund – $1 million campaign to support minority business owners.
Assisther Emergency Relief Grant – offering $10,000 grants to women-run businesses in Texas.
VISA Foundation – $200 million over five years, to be distributed in $60 million grants to NGOs that support small and micro businesses worldwide.