Save Small Business Fund

A new small business grant program offering $5,000 grants has just been announced by the U.S. Chamber of Commerce Foundation. The name of the grant program is the Save Small Business Fund.

The application for a $5,000 grant goes live at 3 PM on Monday, April 20th on the website: www.savesmallbusiness.com. All that is needed to complete the application is the company’s W-9 form. The grant application is short and takes approximately 10 minutes to fill out.

Eligibility Criteria:

1) To be eligible, the business must have between 3 and 20 employees. (This includes owners but does not include independent contractors.) 

2) The business must be in an eligible Distressed Community as determined by zip code on the business applicant’s IRS W-9 form. To see if a business is in an eligible Distressed Community, the zip code can be entered and checked at www.savesmallbusiness.com. 

3) The business must have been affected negatively by the COVID-19 crisis.

The granted funds must be used for business expenses. Grant awards will be issued on a rolling basis each week, depending on the availability of funds.

The U.S. Chamber of Commerce Foundation has not disclosed the total funds available for this program.

To learn more, please check out the details on CGA’s COVID-19 Business Resource Page or the website www.savesmallbusiness.com. 

If you have questions or need further clarification, please contact a CGA Business or Employment Law Attorney.

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