Finally, more and more funding for us is emerging as a result of all that has been going on lately: the negative impacts COVID-19 and the rest of the country realizing the deep racial injustices and mindsets that still exist.
Black owned businesses are the cornerstone of the black community and we can all use more funding for our business, to continue doing our work.
We will be updating this list as opportunities become available so check back and please comment below if you know of any additional opportunities.
Check out the funding opportunities below:
- PayPal has launched their Empowerment Grants for Black Businesses program, which will award up to $10,000 grants to 1,000+ black-owned businesses that have been impacted by COVID-19 and civil unrest. For more information or to apply, click here.
- SoftBank Opportunity Venture Fund - SoftBank Group has announced their Opportunity Fund, a $100 million venture fund for Black and other founders of color. Click here for more information and click here to apply!
- EquiTrust Life Insurance Company, which is majority owned by Magic Johnson, is providing $100 million to fund federal loans to minority- and women-owned small businesses. Click here for more information. To apply for a business loan, visit MBE Capital Partners website.