US Chamber of Commerce Foundation launches Save Small Business Fund

April 16, 2020 12:11 PM | Connie Shipley (Administrator)

Eligibility and Timeline:

• The application will go live on 4/20/20 at 12:00 PM PT/3:00 PM ET. • Visit savesmallbusiness.com for more details and to get an email reminder when the application launches. • To qualify, a business must: o Employ between 3 and 20 people o Be in an economically vulnerable community o Have been harmed financially by the COVID-19 pandemic • Grants will be distributed on a weekly, rolling basis until all funds have been allocated.

General Overview: • To extend a helping hand to small businesses suffering from the impacts of the coronavirus pandemic, the U.S. Chamber of Commerce Foundation – in partnership with Vistaprint and a coalition of supporting companies, foundations, and philanthropic donors – is working to provide financial relief through the Save Small Business Fund. • The Save Small Business Fund is a grantmaking initiative to offer $5,000 grants that provide short-term relief for employers across the United States and its territories. • A recent poll conducted by the Chamber and MetLife found that more than half of small businesses (54%) have closed at least temporarily or will close in the next two weeks. One in four (24%) are two months or less away from permanently closing. They need resources and relief — and they need it now. • That’s why the Save Small Business Fund is providing $5,000 grants to help as many businesses as possible meet their most pressing needs -- from rent, making payroll, or for overall business operations. 

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