Commercial Lending Is Tight and More Small Businesses Are Searching for Grant Funds
In 2022, the BOSS Network launched the BOSS Impact Fund’s “Invest in Progress” grant in partnership with Sage, the global market leader for technology that provides small and medium businesses with the visibility, flexibility and efficiency to manage finances, operations and people, as part of a three-year investment fund aimed at making a substantial impact and breaking barriers for entrepreneurs from marginalized communities.
On top of the $700,000 in grants already distributed, Sage will be investing an additional $250,000 in grants for entrepreneurs this year and provide 1-year of monthly mentorship through the BOSS Business University, marketing for each business, and guidance to help achieve their goals with everything that’s needed to successfully start and grow a business. Attendance at monthly two-hour workshops, quarterly training, and events throughout the year will be required.
Applications are open now through February 23, 2024 at 6PM ET. Preference will be given to Black Women Entrepreneurs. For a full list of eligibility requirements, please read the terms and conditions.
Cadence Cash Announces the Launch of the Thrive Grant Program to Empower Community-Focused Businesses
Cadence Cash announces the launch of the Thrive Grant, a new initiative offering a $5,000 quarterly award to support small, community-focused businesses, particularly those owned by women and minorities. The grant aims to empower businesses demonstrating significant community impact, with applications now open through January 31.
RALEIGH, N.C., Jan. 2, 2024 /PRNewswire-PRWeb/ -- Cadence Cash is proud to announce the launch of the Cadence Cash Thrive Grant, a new initiative designed to support and celebrate small businesses that are making a significant impact in their communities. This grant aims to empower entrepreneurs, particularly from women and minority-owned businesses, who are innovating, creating jobs, and enhancing service accessibility.
The Thrive Grant is not just a financial boost; it's a partnership with visionary entrepreneurs who are dedicated to making a real difference.
Grant Overview:
The Cadence Cash Thrive Grant will provide a $5,000 award to selected businesses quarterly. This initiative is targeted at companies that have demonstrated a commitment to their communities through various means, such as job creation, innovative product development, or improving access to services. Preference will be given to businesses that have been operational for at least one year and are positively impacting underrepresented communities.
Application Period and Eligibility:
The application portal is now open and will accept submissions until January 31. Businesses interested in applying must be formed under United States law and operating within the country. Additionally, applicants are required to have a minimum annual revenue of $35,000. Cadence Cash is committed to rigorous review of applications to ensure that the funding is allocated to businesses poised to make the most significant community impact.
A Commitment to Community Development:
"At Cadence Cash, we believe in the power of small businesses to drive positive change in their communities," said Andrea Inokon, Co-Founder and COO at Cadence Cash. "The Thrive Grant is not just a financial boost; it's a partnership with visionary entrepreneurs who are dedicated to making a real difference. We are excited to see the innovative and impactful ways these businesses will use the grant to further their community efforts."
Application and Selection Process:
Interested businesses can apply online at here. The selection process involves a thorough review of each application, focusing on the business's impact on its community, financial need, and commitment to inclusivity and diversity.
About Cadence Cash:
Cadence Cash, a fintech leader, offers unique financial solutions like microloans, lines of credit, and invoice financing, focusing on underserved small businesses. Its standout feature is an AI-driven underwriting system that ensures fair, bias-free credit assessments. Beyond financing, Cadence provides expert coaching and networking through a user-friendly platform. Committed to empowering small businesses and fostering community growth, Cadence Cash continues to explore avenues to support and celebrate the entrepreneurial spirit.
For more information about the Cadence Cash Thrive Grant, visit https://cadencecash.com/grant-program/.
Start.Pivot.Grow. is business acceleration program created to fuel equitable economic development by supporting small to midsize businesses through results driven business education, technical assistance and access to capital. Click here to join our newsletter and stay up to date on the latest capital resources for small business. Share the news.