With the help of corporate and philanthropic funding, the U.S. Chamber of Commerce Foundation has launched a “Save Small Business” initiative. This grant program is intended to provide short-term relief of up to $5,000 to small employers who are struggling due to the COVID-19 shutdown.
According to the Foundation, eligible businesses must employ between 3 and 20 workers and have been harmed financially by COVID-19. They must also be located in an economically “vulnerable” community.
Starting Monday (April 20) at 3 p.m. EDT (when the online application goes live), interested companies may apply by completing a short (10-minute) application and supplying a W-9 form and other basic supporting information.
The Foundation then will award grants of up to $5,000 to successful applicants on a rolling, weekly basis until it exhausts its funds. Once the grantee has been notified and submitted payment information that meets compliance checks, it will take 3 to 5 days to process the payment, the Foundation says.
The U.S. Chamber of Commerce Foundation is a private sector 501(c)(3) charity affiliated under the U.S. Chamber of Commerce and is not a government agency.
For more information or to sign up for an email alerting you to when this program opens, visit savesmallbusiness.com.
