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Grants and In-Kind Grants to USA Minority-Owned Small Businesses to Promote Entrepreneurship and Foster Success in Business

Fast Break for Small Business

GrantWatch ID# 203676
Agency: Foundation

Funding Source
Accion Opportunity Fund (AOF), LegalZoom, National Basketball Association (NBA)
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Geographic Focus

Important Dates
Deadline: 02/17/23 8:00 PM ET Save

Grant Description
Grants of $10,000 and in-kind grants to USA minority-owned small businesses. Funding is intended to promote entrepreneurship and support business owners who are Black, women, low-income, immigrants, and other individuals who have historically had limited access to financing for their businesses. Successful applicants may choose a free LegalZoom product valued at up to $500.


Additional Eligibility Criteria
Eligible small businesses must:
- Be based in the United States
- Must be a Black–owned business
- Have been in business for at least 6 months [since August 1, 2022] and currently in operation
- Have one of the following if in business for between 6 and 12 months: articles of incorporation for LLCs, S Corps, and C Corps; sole proprietorship formation; fictitious name statement or DBA; EIN registration; city, state, or federal license to do business; or relevant professional license
- If the business is between 6 and 12 months old but does not have any of these documents, the business is not eligible for this opportunity
- Have an annual revenue of less than $1 million
- Have a business bank account
- Not be in an industry that has been identified as a prohibited industry for this program

Businesses can apply from any industry EXCEPT the following, which are ineligible:
- Adult entertainment including strip clubs, escort services, adult bookstores, and businesses whose principal business is the sale of pornography
- Tobacco stores, smoke shops, cigarette & cigar retailers and wholesalers, cigarette stands
- Firearms sellers, merchants, retailers, or wholesalers; ammunition sales; gun clubs; shooting ranges
- Marijuana related businesses; cannabis dispensaries, marijuana crop farming, edibles
- Massage parlors, saunas, or hot tub facilities
- Illegal activities
- Gambling and betting activities, racetracks
- Real estate investment companies (residential and commercial), house flippers, hotels, businesses whose principal source of revenue is rental income
- Banking and financial institutions; central banking; other monetary intermediation; trusts, funds, and similar financial entities
- Merchant service companies, merchant sales organizations, payment services
- Lending businesses; payday lenders, title lenders, other credit granting
- Small Business loan brokers
- Check cashers
- Bail bonds
- Pawn shops
- Collection companies/lawyers or debt consolidation firms
- Multi–level marketing companies or businesses based on pyramid sales plans
- Nonprofit organizations
- Religious organizations, churches, temples, mosques and shrines and other services provided specifically for the religious community
- Activities of political organizations
- Transportation of hazardous materials
- Oil and gas exploration/securities
- Rideshare (i.e. Uber/Lyft drivers)

Pre-Application Information
Applications are open from Wednesday, February 1 at 8 am ET – Friday, February 17 at 8 pm ET.

The third round will disburse the grants in early April.

Additional Funding Information

Estimated Total Program Funding:


Number of Grants
50 small businesses will receive a grant and in-kind support; 1,950 additional small businesses will receive in-kind support.

Estimated Size of Grant
- $10,000 grants and a free LegalZoom product of their choosing, valued at up to $500, to 50 small businesses
- A free LegalZoom product of their choosing, valued at up to $500, to 1,950 additional small businesses

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