The COVID-19 outbreak has reshaped the business landscape—especially for small businesses. As companies sit closed across the nation, the $349 million allocated by the recent stimulus package for the U.S. Small Business Administration Paycheck Protection Program has been depleted and the nation is on to a proposed new round of funding. Some states are also offering small businesses emergency loan assistance with little to no interest and flexible terms. Even businesses are stepping up to help small businesses.
Known for helping companies better connect with their customers, Salesforce has made a commitment to small businesses across the globe. The company launched Salesforce Care to provide free resources and tools for small businesses during the COVID-19 crisis. In addition to free product, Salesforce recently announced a $5 million financial commitment for small businesses through the Salesforce Care Small Business Grants. In partnership with Ureeka, Salesforce is offering $10,000 grants to U.S. small businesses to provide capital to help them weather this crisis. To find out more about your business’s eligibility and the application process, read on below.
What are the eligibility guidelines for the Salesforce Care Small Business Grants?
Salesforce outlines, companies must:
- Be a for-profit company
- Have between 2 to 50 full or part-time W2 employees
- Have been in business for 2 full years as of March 2020
- Have an annual revenue between $250,000 and $2 million
- Have experienced challenges from COVID-19
- Meet all other eligibility requirements as stated in the Grant Program Terms
How can I apply?
If you meet the eligibility guidelines above, applications will open in two phases, starting on April 24. Each phase is based on location and will not affect your likelihood of receiving a grant. Each phase will have one week to apply. For more details about your specific state, view the map on the Ureeka site. Once the application is open, click to start the application process.
What does the application process look like?
Every business applicant is required to fill out an eligibility form prior to the application. You will need to provide documents that prove you’ve been in business for at least 2 years as of March 2020. These legal business documents include a business license as well as tax and income statements.
Each grant application will be reviewed by an independent judging panel. Chosen businesses will hear from Salesforce and Ureeka by mid-June.
Other free resources
In addition to the grants, Salesforce is offering a free 90-day trial of Salesforce Essentials, the customer relationship management (CRM) tool designed to help small businesses stay connected and support their customers remotely. Salesforce is also giving a 90-day free trial to the Tableau platform to help organizations make data-driven decisions. For additional resources and information, click to learn more about Salesforce care for Small business.