Donors have taken an interest in programs for business growth designed to help small businesses—which we define as commercially viable, with at least 5 to 250 employees, and the potential and ambition for growth.
Small and growing businesses are important engines of prosperity, accounting for a disproportionate amount of employment growth.
Grants, equities, and other risk-tolerant capital structures drive more innovation in small businesses than traditional loans.
Capital is frequently a major impediment to business growth in emerging markets, which lack robust banking and credit systems. The explosive growth of granting opportunities over the last several decades has helped to fill some of this funding shortfall for micro and small businesses.
If you’re preparing to take your business to the next stage of growth, I’d recommend you look into
The Antares REACH Grant Program FOR BUSINESS GROWTH.
The Antares REACH Grant Program will provide $20,000 grants to small businesses, with an emphasis on businesses preparing for their next stage of growth; operated by historically underrepresented entrepreneurs; and providing important community services.
Antares REACH Grant Program applications are still being accepted until July 15th, 2022. The provision of $20,000 will be a significant boost to your efforts.
To be eligible, your business must:
- Be a for-profit business that is majority (51%) owned and/or operated by individuals who identify as New Majority (Women, People of Color, Military-affiliated, Persons with Disabilities, or LGBTQ+)
- Have less than $5 million USD in annual revenue.
- Demonstrate need for support.
- Present a strong plan for moving forward.
Rush before you’re locked out. Visit the website, https://helloalice.com/grants/antares-capital/ for more information before the application process is closed.
Also, find out about more grant opportunities and read tips to turn you into a confident microbusiness owner at our blog.
Disclaimer: This resource is for information purposes only. The company is not directly related to The Dope Million in anyway. Always check your resources’ original website for updated information.