July Resource Guide For Minority Women Owned Businesses

Walker’s Legacy Has Your Back Every Step Of The Way.

 

The mission of Walker’s Legacy states “Walker’s Legacy is a global platform for the professional and entrepreneurial multicultural woman. We exist to inspire, equip, and engage through thought-provoking content, educational programming, and a global community. We strive to level the playing field by ensuring that, when it comes to business, you are not alone.” As it is our mission to help level the playing field for multicultural women in business it is imperative that resources are constantly shared.

In the midst of COVID-19, Walker’s Legacy has worked to help protect minority women-owned businesses from financial strife. We have compiled 3 grants designated for women of color business owners. Apply today!

Visa X iFundWomen

Visa has extended its partnership with IFundWomen to support Black women-owned small businesses in the United States through a new grant program and educational resources. These grants provide an opportunity for recipients to grow their businesses and continue to offer much-needed services to their local (and global) communities. Applications are being accepted from June 30, 2020, through July 31, 2020.

Requirements:

• Black women-owned business

• Must be located in the U.S.

• Must have a minimum annual revenue of $24K or more

• Must have been in business for 2+ years

• Must be a business that has a product or service in market and generating revenue

• Must be a growing business

• Must be a consumer product or service (B2C)

• Must have a compelling digital presence and supporting media

Reward Amount: Ten (10) qualified recipients will each be awarded a $10K grant + a 1-year IFundWomen Annual Coaching Membership.

Buy From a Black Woman Black Women Relief Fund

This is a financial resource initiative created by Buy From a Black Woman to help provide relief to Black Women Business Owners who have been impacted by COVID-19.

Requirements

Businesses owned and operated by Black Women in the U.S. and its territories.

Businesses must be in operation for over two years, in good standing, and incorporated as a legal entity.

Owners must and be able to demonstrate that the COVID-19 pandemic is causing hardship.

Non-profits are not eligible to apply.

Reward Amount: The Black Woman Relief Fund will grant 15 Black Women Business Owner $1000

Wells Fargo Open For Business Fund 

To help small minority-owned businesses, Wells Fargo is using the $400 Million in PPP fees they’ve earned to fund their Open For Business Fund. One of their initiatives is the Expanding Black Business Credit Initiative (EBBC) will support the launch of the Black Vision Fund to increase the flow of capital to Black-focused CDFIs for transformational work to close the racial wealth gap in African American communities. The CDFIs will also receive capital for urgent deployment to impacted businesses in the Mid-Atlantic, Southeast, and Midwest.

Requirements: Follow Wells Fargo on social media for more information coming soon

Reward Amount: The Open for Business Fund will direct $28 million, to Community Development Financial Institutions that support Black and African American-owned small businesses. Two of the earliest beneficiaries highlighted by Wells Fargo are Expanding Black Business Credit Initiative (EBBC) and Local Initiatives Support Corporation (LISC).

Avatar

Isha Kamara

Isha is a Communications Intern at Walkers Legacy. She also owns her own brand Iced Out Cosmetics that launched in 2018, which she uses to uplift WOC and LGBT members by using makeup as a tool for diversity. Through Iced Out Cosmetics, Isha has been a member of UMD's Startup Shell Xi Batch, Terp Startup 2019 Cohort, and Do Good Spring Fellowship for Spring 2020.

No Comments Yet

Leave a Reply

12 Shares
Tweet
Share12
Share
Pin