About The Grant
Fast Break for Small Business is a significant initiative aimed at bolstering small businesses across the United States. This collaborative effort involves Accion Opportunity Fund, LegalZoom, the NBA, WNBA, and NBA G-League, all working together to provide crucial financial support and services to entrepreneurs. With a focus on both established and emerging businesses, the program is designed to equip business owners with the necessary tools and resources to enhance their growth and success. This multiyear commitment promises a substantial impact, offering $10,000 grants and valuable LegalZoom services to selected applicants, thereby fostering a thriving entrepreneurial ecosystem.
Important Details
- 1. Application Deadline: Applications are open from February 15 and will close on September 13, 2024.
- 2. Link to Application: Interested applicants can apply through Accion Opportunity Fund’s Submittable portal.
- 3. Donor Name: The grant is a combined effort by Accion Opportunity Fund, LegalZoom, the NBA, WNBA, and NBA G-League.
- 4. State(s): The grant is available to businesses across all 50 states in the United States.
- 5. Grant Duration: This is part of a multiyear commitment, although specific duration details for individual grants are not provided.
- 6. Grant Amount: Eligible small businesses can receive a $10,000 grant along with a LegalZoom product valued up to $500. Additionally, 3,000 emerging entrepreneurs will receive a LegalZoom product valued at up to $500.
- 7. Qualification Criteria: Applicants must be based in the U.S., in operation for at least 3 months, have an annual revenue of less than $1 million, and possess an active business bank account. Specific documentation is required based on the duration of business operation.
Taking Action
Taking advantage of the Fast Break for Small Business grant is not just an opportunity but a crucial step towards empowering your business. This grant represents a chance to gain financial support and valuable services that can propel your business forward. It’s essential to act swiftly to meet the application deadline and ensure all criteria are met. Sharing this opportunity within your network, especially among Latino businesses, can lead to a stronger, more diverse business community. Seizing this chance can make a significant difference in your entrepreneurial journey.
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