Here are 9 financial resources for women and minority business owners affected by the coronavirus. (via CNBCMakeIt)
IFundWomen, a startup funding platform for women, has partnered with VC firm GingerBread Capital to provide $10,000 grants to 25 companies in some of Covid-19's hardest hit states. To apply, entrepreneurs have to have a for-profit company that has been in business for at least two years, 2019 revenue of at least $250,000, a pre-Covid staff of at least five people and they have to have never raised venture capital money before.
Stacy's Pita Chips brand is awarding $10,000 grants to 15 female entrepreneurs who are in need of financial support for their business. In addition to receiving grant money, winners will also receive assistance with building ads for their company and receive virtual mentorship from PepsiCo/Frito-Lay leaders and other industry experts who can provide insight on how to grow a business. Applications for the program are open from now until June 1.Moms as Entrepreneurs, a nonprofit business incubator for women, has started a Covid-19 relief fund solely for businesses owned by mothers. The fund, which opened applications on May 18, will grant $500-$1,000 to mom entrepreneurs who have been shut out of government loans or other funding during the pandemic.The Mom Project, a platform that connects employers to female candidates with a primary focus on helping moms re-enter the workforce, has started a $500,000 Stronger Together Fund. The fund, which is designed for "family friendly" businesses who need help during the pandemic, will be used to help employers pay for the salary of full-time employees or contractors.Supermaker, a media company that provides content and community for startups and creative individuals, has started a $100,000 grant and mentorship program called The Entrepreneurial Dream Project to benefit new business owners who are trying to grow and build their company amid the pandemic. The goal of the fund is to inspire new entrepreneurs to keep going despite the coronavirus crisis. Two companies whose products were made publicly available in 2019 or later, will be selected to equally split the $100,000, while 10 other companies will receive mentoring from the Supermaker Mentor Network, which includes leaders like Mark Cuban and Rebecca Minkoff.
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