ALL YOU NEED TO KNOW ABOUT FACEBOOK SMALL BUSINESS GRANTS

Business grants

The COVID-19 pandemic has affected almost all the sectors and probably the worst hits are the small businesses. 

Small businesses have been affected throughout the world which has resulted in huge losses to them. 

In these tough times, a little financial support from governments or big companies can prove to be the difference between success and failure for many small businesses. 

Many schemes and grants have already been implemented and many are still active to help them.

Facebook is one such company that has come up to help the small businesses so that they continue to run. They have planned to offer $100M in cash grants.

 The Facebook website also contains many additional resources to help small businesses to help them prepare and manage through disruptions like COVID-19.

Eligibility:

According to these small business grants, up to 30,000 businesses would be eligible to participate and it spans to more than 30 countries around the world. Some of the criteria that are needed to be fulfilled are:

 

  • The business should have 2-50 employees
  • The business should be in operation for over a year
  • The business should have experienced real challenges due to COVID-19
  • Be in or near a location where Facebook operates

 

To check the eligibility of your business according to your area, you can visit the facebook.com website and sign up so that you receive the updates when the applications open.

Facebook Small Business Grants in India

The money from the grants provided can be utilized to retain employees in the business, to pay the rent. Facebook has partnered with Goodera to carry out the Grants.

The business awarded with the grant will receive Rs. 63,000 and Rs. 38,000 for Facebook Advertisement credits (optional).

Final Date to Apply

Small Businesses that fulfill all the criteria can submit their applications by 4th October 2020.

Note: Businesses do not necessarily have to be connected with Facebook in order to apply.

Conditions:

  • Businesses should provide a GST registration certificate and business PAN.
  • If you have multiple businesses, you can apply for only one business for this grant.
  • A strict timeline is made wherein the applications have to respond in 48 hours or the deadline for the response as mentioned in the email.

Facebook Small Business Grants in Japan

Grants are open in Japan and the applications can be submitted. In Japan, around JP¥ 300 M will be offered to around 690 eligible small businesses. 

The business awarded with the grant will receive approximately ¥ 20,000 in cash and ¥ 15,000 for Facebook Advertisement credits (optional).

Final Date to Apply

The dates in which you can apply are from 24th September to 7th October 2020.

Note: Businesses do not necessarily have to be connected with Facebook in order to apply.

Conditions:

Grants are available to eligible small businesses that are headquartered in Tokyo.

Facebook Small Business Grants in Other Countries

The other countries here include Belgium, France, Germany, Ireland, Italy, Netherlands, Poland, and Switzerland. These countries are grouped together because the conditions are common for all.

Facebook has partnered with Deloitte Ireland LLP and Quest Computing Ltd to administer the application process.

Final Date to Apply

Not yet specified, but the applications are open. Visit https://www.facebook.com/business/small-business/grants  for more.

Documents required

  • Articles of Association
  • OR proof of registration
  • OR partnership agreement
  • OR business license 
  • 1 or 2 documents will vary depending on your country which you can find out by selecting your country as shown below
Business grants

After visiting the website mentioned above, choose your location.

Business grants

After choosing your location, you will see this image. After you click the “Continue to partner site” button, you will be directed to the application process page.

Countries where the application is no longer Accepted

Argentina, Australia, Brazil, Canada, Colombia, Denmark, Hong Kong, Indonesia, Israel, Malaysia, Mexico, New Zealand, Nigeria, Norway, Philippines, Singapore, South Africa, South Korea, Sweden Taiwan, Thailand, Turkey, United Arab Emirates, United Kingdom, United States and other countries which are not specified here.

But stay tuned and keep checking the Facebook website to see if they have reopened the applications or you can get updates on your email if you sign up on their website.

Be Cautious!

Companies like Facebook are working hard to help small businesses in these tough times but it is very sad to know that there are many scams going on promising to provide you grants and taking money from you and stealing your credentials and identity. 

Whenever you are applying for any grants, make sure to do so only from the official company’s website or the government website. Little carelessness on your part can cost you a lot. 

Don’t believe anyone offering you grants or compensations for COVID-19. 

Stay safe and stay alert!

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