CALIFORNIA – According to the US Chamber of Commerce, data shows that small business sales remain high, even though margins are shrinking due to inflation. In addition, 70% of small businesses report that rising interest rates are limiting their ability to raise capital – down 6 points from last quarter.
The following list of grants with applications coming due can help amid rising interest rates. Click the link to be taken to the application page.
Common Future, an organization that’s been working to close the racial wealth gap, is awarding up to 10 diverse-led small businesses $50,000 grants. Grant awardees will also participate in a 3-month long accelerator program that includes a curriculum, coaching and mentorship.
Due date: November 3, 2023
Founders First, an organization that has helped accelerate the success of hundreds of small, service-based, B2B companies, is awarding a total of $100,000 to 25 diverse-led Southern California businesses. To be eligible for the grant the business must have the ability to add 1-2+ net new premium wage jobs in the next 12 months.
Due Date: November 13, 2023
Stacy’s, a pita chip company, is awarding $25,000 to small businesses that sell a consumer packaged good (CPG). To be eligible for the grant, the business must have annualized sales of between $25,000 and $1 million. The company gives preference to grant applicants with a woman founder. Applicants must register for a free Hello Alice account to apply.
Due Date: December 1, 2023
Hidden Star, a nonprofit organization committed to help women and minority entrepreneurs succeed though their small business journey is awarding a $2,500 grant. Hidden Star says the application takes 30 seconds to complete.
Due Date: December 16, 2023
Verizon partnered with LISC to provide $10,000 grants to small business owners that complete any combination of two courses, coaching events, and virtual community events on the Digital Ready platform. Grant applicants must register for a free Digital Ready account to apply.
Due date: December 20, 2023
DoorDash has partnered with Hello Alice to create the Restaurant Disaster Relief Fund to award $10,000 grants to restaurant owners impacted by natural disasters like fires, floods, and hurricanes. Grant applicants must register for a free Hello Alice account to apply.
Due date: December 31, 2023