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PayPal Empowerment Grant for Black-owned Businesses

PayPal has created a $10 million fund to provide grants up to $10,000 to more than 1,000 Black-owned small businesses across the United States. This grant can be used to assist in the recovery or stabilization of a small business that has been negatively impacted by COVID-19, the current recession or recent unrest.

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Where to apply now?

Who is eligible to receive these grants?

These grants will focus on providing support to Black small business owners to cover expenses related to stabilizing and reopening their businesses that have been impacted by COVID-19 or civil unrest. Applicant must be small business owners (under 10 employees or less, with revenue less than $1 million) operating as of May, 2019. Sole proprietors, independent contractors, and self-employed persons are welcome to apply. Additional requirements apply.

What can this grant be used for?

The grant funds must be used to help small businesses recover from instability caused by the COVID-19 shut down or the recent civil unrest. This can include expenses related to payroll, benefits, interest on mortgage obligations, rent, utilities, and repairs.

Source of this info is:,-strengthen-minority-communities-and-fight-economic-inequality-faq4271

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