Facebook has announced it will be offering a number of grants to small businesses that have been hit by the COVID-19 pandemic, but you’ll have to be quick.
Facebook’s Business Grant Program is aimed at helping small businesses that have been hit with government restrictions, low-turnover, and a huge drop in consumer confidence and spending over the past few months with a USD $100 million grant program.
The company is aiming to provide 30,000 grants to eligible small businesses across 30 countries, with the social media giant expecting around 465 small businesses in Australia to receive grants worth more than $3 million in total.
To be eligible for a grant, you need to tick the following boxes:
- Have anywhere between 2 and 50 employees, as of the 1st of January, 2020.
- Organisation must have been running for more than twelve-months.
- Operates as a for-profit organisation.
- Have proof of a COVID-19 related downturn in revenue.
- Located near a Facebook office in Australia: Sydney and Melbourne.
Facebook says that small businesses interested in applying do not need to have an active Facebook page to be eligible for the grant, but will have to provide business registration information from the Australian Securities and Investments Commission.
Facebook says that of the $3 million slated for Australian small businesses, each small business receiving a grant is set to gain $4000 in cash, as well as $2,400 worth of advertising credits for use on the platform.
Applications have just opened, but the registration window is narrow, closing on September 22nd.