Facebook announced that they would be awarding up to 30,000 grants to eligible small businesses in more than 30 countries where they operate. Because Facebook has a large presence in Altoona, Iowa, these grants are available to any business in Polk County. Facebook believes that for small businesses, a little financial support can go a long way, so they are offering a $4,000 grant for the recipients in the US ($2,500 cash, $1,500 in optional ads credits) to help during this challenging time. To be eligible to apply, you must:
To complete your application, you’ll need at least one of the following documents:
The application for a Facebook grant will ask you to share your contact information, brief summary about your business, and how you would use the cash grant.
In your application, help Facebook understand how you would use your grant funds to make an impact on your business or in your community. For example, you could use the grant to continue paying employees, or to provide critical services through pickup and delivery methods.
After applications become available in your area, you will have approximately 2 weeks to apply before the application deadline. In Polk County, the applications are open from April 11 9:00 AM until April 28, 2020 10:59 PM (CDT). Facebook will then need a few weeks to review your application, ask follow up questions, and select their finalists before announcing grant recipients.
Begin the application process here: https://www.facebook.com/business/boost/grants
Once the window pops up, choose the location of the United States and the city/area of Altoona, IA / Polk County.
Click the continue button at the bottom of the page, which will open up a page with Ureeka, the partner Facebook is using to collect applications.
Click the ‘Register’ button in the top right corner of the page and create an account. You can either use your Facebook, Twitter or G-Suite account to create an account, or register using your name and email.
The next step is to determine if your business is eligible for the grant. It is important that you answer these questions correctly the first time, because you cannot change the responses once they’re saved.
The questions you need to answer are:
If your business is eligible for the Facebook small business grant, the next screen will have information about it. Click more, and then “Apply” on the next page.
The application has six parts:
Fill out your business’s contact information
Fill out your company profile, including your address and website. You will also need to create a 200-word introduction of your business that will help Facebook determine the success of their grant to your company. “They ask: We want to get to know you and your business so we can learn how to help you get through this.”
Facebook is interested in the demographic information of people applying for their grant. It is not mandatory to answer these, but they ask questions about race, gender and other minority statuses.
This is how you plan on using the $4,000 grant, if awarded. You will be asked how you plan to use the grant to help your business manage through COVID-19, and how you would use the grant to make an impact on your local community.
You will need to come up with another 200 words to describe your situation, which is vital here, because this is likely how Facebook will be determining who receives the grant.
This is a required section to provide your FEIN and upload proof that you have been in business for over 1 year. Forms of proof include Proof of Incorporation, FEIN, Partnership, Official Registration, or a Business License.
Once you have completed the other areas of the application, you must agree to the terms and conditions of the grant. After that is complete, you are ready to submit your application.
After you submit your application for the Facebook small business grant, they have stated that it will take approximately 2 weeks to respond and determine any winners of the grants.
Facebook has not announced how many grants are going to be awarded in each geographic area, but this will hopefully deliver some much needed relief to the Des Moines community because of the corona virus outbreak.
If you are a small business owner and have questions or need help navigating the application, feel free to reach out to the Webspec team. We’re here to help out in any way we can.