In light of the unprecedented COVID-19 situation, several large corporations are providing grants, ad credits and other relief to support small businesses during these challenging times. This memo provides a description about some of such relief to help you mitigate the impact of the global pandemic.
FACEBOOK SMALL BUSINESS GRANTS PROGRAM
Facebook is offering $100 million in cash grants and Facebook advertising credits to up to 30,000 small businesses in more than 30 countries where Facebooks operates. This initiative is called Small Business Grants Program (“Facebook Grant Program”). In the US, Facebook is working with Ureeka, a third-party partner, for administering these grants to eligible small businesses.
Eligibility Criteria: A business is eligible to apply for Facebook Grant Program if a business:
- Has between 2 and 50 employees;
- Has been in business for over a year;
- Has experienced challenges from COIVID-19;
- Is in or near a location where Facebook operates. You can click here to find out whether such grant is available in your area; and
- Meets all other eligibility requirements as stated in Facebook Grant Program Terms linked here.
Grant Amount: $4,000 for recipients in the US ($2,500 cash and $1,500 in optional ads credits), as per this link: https://apply.facebook.ureeka.biz/prog/facebook_smb_4/.
Deadline to Apply – May 8, 2020, at 11:59 PM (EDT)
SALESFORCE CARE FOR SMALL BUSINESS GRANTS
Salesforce has committed a total of $5 million to provide capital and help small businesses navigate the COVID-19 period. Like Facebook, Salesforce has partnered with Ureeka to offer eligible businesses the opportunity to receive a grant. This initiative is called Salesforce Care for Small Business Grants (“Salesforce Grant Program”).
Grant Amount: $10,000
Eligibility Criteria: Eligible companies must:
- Be a for-profit company
- Have between 2 to 50 employees
- Have been in business for 2 full years as of March 2020
- Have an annual revenue between $250k and $2M
- Have experienced challenges from COVID-19
- Meet all other eligibility requirements as stated in the Salesforce Grant Program Terms linked here.
Deadline for California Based Businesses: May 4th, 2020 at 11:59 (PDT)
Application Link for California Businesses: https://apply.salesforce.ureeka.biz/prog/salesforce_small_business_grants_west/
GOOGLE’S COMMITMENT TO SUPPORT SMALL AND MEDIUM-SIZED BUSINESSES
In addition to other commitments to help World Health Organization, NGOs, academic researchers, and institutions, Google has committed $340 million in Google Ads credits to all the small and medium-sized businesses (“SMBs”) with active accounts over the past year.
Application Procedure: There is no action required. SMBs who qualify for ads credits will get notifications within their Google Ads account.
For existing Mailchimp users, Mailchimp is offering $10 million worth of service. The service offers a 100% discount to customer’s recurring monthly plan charges for three consecutive months, excluding add-on fees or one-time fees, such as Facebook ads, Google ads, or postcards.
Eligibility Criteria: Eligible users must have an existing paid plan on March 30, 2020, plus must satisfy the following conditions:
- Have 25 or fewer employees;
- Have no compliance hold on their account;
- Must complete the application, available here; and
- Must be approved by Mailchimp.
Deadline to Apply: April 30, 2020, til the dedicated funds last.
Carefully read the offer terms, available here.
If you have any questions about this Memo, please email Christopher L. Rasmussen, Managing Partner Commercial, Trademark and Privacy at email@example.com or Anil Advani, Managing Partner at firstname.lastname@example.org.
This Memo is being provided for information purposes only and is drafted entirely on the bases of public resources. Information contained on or made available herein is not intended to and does not constitute legal advice, recommendations, mediation or counseling under any circumstance. This information and your use thereof do not create an attorney-client relationship. You should not act or rely on any information provided herein without seeking the advice of a competent attorney licensed to practice in your jurisdiction for your particular business.