Funding opportunities for Hispanic and Latino entrepreneurs: A round-up
In the United States, nearly 1 in 4 new businesses is Hispanic- or Latino-owned. And while they make up almost 10% of all businesses in the country, these businesses also faced the brunt of revenue loss and business closures during the COVID-19 pandemic. Below you’ll find grant and loan programs that are working to increase access to capital for Latino and Hispanic businesses.
Creciendo con TikTok, Small Business Grants for Latinx Business Owners
TikTok, the Hispanic Heritage Foundation and partners have partnered to create a $150,000 grant fund aimed at expanding and elevating 30 small Latinx businesses across the U.S. celebrating the perseverance, hard work and commitment of Latinx business owners as champions of entrepreneurship during the COVID crisis, the fund will grant cash awards of $5,000 each to selected Latinx business owners from across the country who exemplify those business principles championed through TikTok.
PepsiCo’s Hispanic Digital & Delivery Program
PepsiCo invites all Jefas to step into the spotlight and apply for the Juntos Crecemos Hispanic Digital & Delivery Program. Besides getting expert one-on-one coaching and resources, the first 40 Latina small business owners to complete the eight-week consultation curriculum of the Juntos Crecemos Hispanic Digital & Delivery Program will receive an exclusive Jefa-Owned neon sign in honor of your hustle.
Passion Collective will award four grants to women who are looking for support in bringing their passion to life. These awards include a $1,500 cash grant, coaching from leading strategy and culture consulting firm Keystone Group International and a free year of Passion Collective On Demand.
Restaurant Disaster Relief Fund
DoorDash is awarding $10,000 grants available for select restaurants across the United States and Puerto Rico affected by natural disasters like fires, floods, and hurricanes. Restaurants must have a brick and mortar location.
High Five Grant for Moms
In partnership with Lowe’s, Clean Simple Eats and others, the High Five grant for Moms will provide a maximum of $25,000 in funding to mom entrepreneurs growing their businesses.
A partnership between Community Reinvestment Fund, USA (CRF) and Small Business Majority’s Venturize platform is providing an expanded network of responsible small business lending partners and assistance providers to support entrepreneurs nationwide. Through CRF’s Connect2Capital tool, business owners can submit a simple form on Venturize to be matched with mission-driven small business lenders and other business support organizations.