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Verizon Small Business Recovery Fund

The 3rd Round of the Verizon Small Business Recovery Fund begins Thursday, May 14, 2020.


SOURCE: LISC


Small businesses across the country are confronting extreme economic challenges as a result of the Covid-19 pandemic. Financial support at this critical time can make the difference between staying in business or closing permanently, leading to lost income, jobs and economic stability.


Thanks to a $7.5 million investment from Verizon, we are offering grants to help small businesses fill urgent financial gaps until they can resume normal operations or until other more permanent financing becomes available.


As part of this, Verizon is contributing funds through its ongoing #PayItForwardLIVE, weekly streaming series connecting big names to pay it forward for small businesses. Viewers can tune in every Tuesday and Thursday at 8PM ET/ 5PM PT on Twitter @Verizon’s Twitter, Yahoo, Verizon’s Facebook and YouTube pages, Fios channel 501 and 604, Yahoo Finance on Samsung TV Plus on channel 1017, The Roku Channel, AXS TV, FOX NOW or listen on iHeart and SiriusXM. As people support their favorite small businesses with #PayItForwardLIVE, Verizon will commit $10 per use of the hashtag, up to $2.5 million.

Verizon's total donation of $7.5 million will help make three rounds of grants possible to small businesses nationwide.


Para leer esta información en español, haga click aquí.


Grant Application

Applications for round 2 are now closed. The next round will open on May 14th. Please register to receive email updates on the program.

Having trouble? Email enews@lisc.org to sign up. 

Register Now


Who is eligible?


LISC will use the Verizon funding to provide grants of up to $10,000 to businesses facing immediate financial pressure because of Covid-19—especially entrepreneurs of color, women-owned businesses and other enterprises in historically undeserved communities who don’t have access to flexible, affordable capital.

What it can be used for?


  • Paying rent and utilities

  • Meeting payroll

  • Paying outstanding debt to vendors

  • Other immediate operational costs

What’s next?


Applications for round 2 are now closed. The next round will open on May 14th. Please register to receive email updates on the program. Having trouble?


Email: enews@lisc.org to sign up. 


Para leer esta información en español, haga click aquí.


READ MORE:

https://www.lisc.org/covid-19/small-business-assistance/small-business-relief-grants/verizon-small-business-recovery-fund/



Funded in part through a Cooperative Agreement with the U.S. Small Business Administration, The New Jersey Small Business Development Centers (NJSBDC) network is also funded by the State of New Jersey and is hosted by Rutgers Business School: Network and New Brunswick.

© 2020, NJSBDC Network

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