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Facebook Small Business Grants Programme For Small Businesses

Facebook Small Business

Facebook is calling for application for the Facebook Small Business Grants Programme. This is a program that aims to provide financial support for businesses during this challenging time. So, if you want to benefit from the program, it is time to apply.

Facebook understands that your business may be experiencing disruptions resulting from the global outbreak of COVID-19, especially companies that are running cross-border businesses. It has heard that a little financial support can go a long way, so it is offering USD 100M in cash grants and ad credits to help during this challenging time.

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Start Your Business in 30 Days Even If You Don't Have An Idea
Start Your Business in 30 Days Even If You Don’t Have An Idea

Facebook Small Business Grant Programme Benefit

The program will help in the following ways such as;

  1. Keep your workforce going strong
  2.  Help with rent and operational costs
  3.  Connect with more customers
  4.  Support your community

Eligibility Criteria

  • Up to 30,000 eligible small businesses in more than 30 countries will be able to receive a grant from Facebook.
  • To be eligible to apply, your business must:
  • Have between 2 and 50 employees
  • Have been in business for over a year
  • Must have experienced challenges due to COVID-19
  • Be in or near a location where Facebook operates

See Also: ACT Foundation Changemakers Innovation Challenge 2020 For Social Enterprises

Things To Note For The Facebook Small Business Grants Programme

Documentation

When completing your application, you will be required to supply your most recent financial statements or accounts along with a legal document. This will serve as a proof that your business has been established for at least one year. Such as your annual return, business registration document (CAC documents), business licence or partnership agreement.

You should ensure to provide full financial statements or accounts for your business. At a minimum, the financial statements you provide should include a balance sheet and an income statement/profit or loss statement. A balance sheet typically includes a summary of all of your business’ assets and liabilities. For example, assets include items such as cash, balances due from your customers, buildings owned by your business, stock held by your business, etc. For example, liabilities include balances due to your suppliers, loans due to financial institutions, etc. An income statement/profit or loss statement includes a summary of your income, expenses, and profit for a year. Abridged financial statements or accounts will not be accepted.

When prompted to do so, you can upload the two documents in a PDF format. You may also be asked to provide further documents at a later stage in the process.

Government official

You cannot apply on behalf of your business if you are a current government official or relative of a government official. You will be asked to confirm you are not a government official as part of the application form.

A government official includes officials, employees, representatives, or anyone else acting in an official capacity for or on behalf of a government, government agency or other administrative authority or judicial or quasi-judicial body (whether elected or appointed, including, for example, legislators, regulators, police, judges, tribunal members, federal, state or local council members), state-owned/controlled enterprises and executives at state-controlled companies; political parties or campaigns; public international organisations (including, for example, UN officials); and candidates for public office; any person acting on behalf of or any relatives of any of those listed.

See Also: MWFAAN 2020 Beyond School Community Challenge For Young Students

The deadline for application for the Facebook Small Business Grants Programme is September 4, 2020. So, if you have a business and you meet up the eligibility criteria, you can apply using this link; https://everest.apply-aims-grants.com/AUUID/BFD945F4C

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