The Save Small Business Fund is a grant initiative administered by the U.S. Chamber of Commerce Foundation offering short-term relief for small employers in the United States and its territories. Eligible small businesses can apply to receive a $5,000 grant to be applied to business expenses. The grants will be awarded on a weekly basis and will be based on available funds and scaled for demand.
This is not a government loan and will not conflict with other programs such as the Paycheck Protection Program or other SBA loans.
Applications for the Save Small Business Fund open April 20, 2020, at 3:00 p.m. EST The application process should take about 10 minutes and requires your business’s W-9 form and basic supporting information. Once the applicant has been notified and submitted payment information, it should take 3-5 days for funds to arrive. Following the fund disbursement, you may be contacted by the Chamber to complete a follow-up survey and describe how your funds were used.
To qualify for a SSBF grant, a small business must meet the following eligibility guidelines:
- Employ between 3 and 20 people – including the owner and not including independent contractors
- Be located in an economically vulnerable community – West Virginia has been deemed an eligible community
- Have been harmed financially by the COVID-19 pandemic
For more information about the Save Small Business Fund and application process, please contact Jessica Gardner at email@example.com.