Posted

Small businesses across the country are confronting extreme economic challenges as a result of the COVID-19 pandemic. Financial support at this critical time can make the difference between staying in business or closing permanently, leading to lost income, jobs and economic stability.

Thanks to a $2.5 million investment from Verizon, we are offering grants to help small businesses fill urgent financial gaps until they can resume normal operations or until other more permanent financing becomes available.

Who is eligible?

LISC will use the Verizon funding to provide grants of up to $10,000 to businesses facing immediate financial pressure because of COVID-19—especially entrepreneurs of color, women-owned businesses and other enterprises in historically underserved communities who don’t have access to flexible, affordable capital.

What it can be used for?

  • Paying rent and utilities
  • Meeting payroll
  • Paying outstanding debt to vendors
  • Other immediate operational costs

What’s next?

LISC will begin accepting applications in the coming weeks. Please visit this page for further information.


Details

Organization/Company: LISC
Website: https://www.lisc.org/covid-19/verizon-small-business-recovery-fund/
Location: National
Deadline: Ongoing
How to Apply: LISC will begin accepting applications in the coming weeks. Please visit https://www.lisc.org/covid-19/verizon-small-business-recovery-fund/ for further information.