Accion Opportunity Fund is excited to partner with Superfly to raise money to support grants to vulnerable small business owners as they are struggling with challenges linked to COVID-19. The effort is part of Small Business Live, an online philanthropic music experience taking place on Saturday, June 20 from 4-10 p.m. EDT to support small business owners. Selected small business owners will receive a grant of $5,000 to help restart their business after COVID-19. Questions? Contact us (en español) or check our Frequently Asked Questions.
Thank you for your interest in the Small Business Live Restart Grant. We are no longer accepting applications for this grant. Applicants will be notified of their status by email by July 14.
- Applicant must be the owner of the business
- Must have been in business at least 1 year, since June 2019
- Meets ONE of the following criteria:
- Entrepreneur of color
- Woman entrepreneur
- Business annual revenue is less than $1 million
- National chain businesses or not-for-profit organizations that have a national affiliation
- Branch Banks
- Payday loan stores
- Pawn shops
- Astrology, palm reading
- Liquor stores, night clubs
- Adult bookstores, massage parlors, strip clubs
- Track waging facilities
- Trailer-storage yards
- Marijuana dispensaries
- Multi-level marketing
- Churches (non-religious activities are eligible, i.e. if they have a bookstore or cafe)
- 2018 or 2019 tax returns
- Business bank statements from June 2019, September 2019, December 2019, March 2020
- For sole proprietorships, please provide Schedule-C if you do not have business bank statements
- A valid identification card (driver’s license, government-issued ID card, passport, matricula)
- Bank account information for ACH transfer
More information about the Small Business Live Restart Grant Fund
Accion Opportunity Fund is raising funds directly from corporations as well as from individuals via a crowdfunding platform and via text to support these grants. Thanks to donations from corporations and individuals, we were able to raise enough funds to disburse approximately 90 grants to small business owners across the country. We are continuing to raise funds through the end of this week and will disburse additional grants if we are able depending on the outcome of the fundraising effort.
All grant recipients will be randomly selected. Duplicate applications do not increase applicant’s chances of being selected. At least 50% of funds will be allocated to current Accion and Opportunity Fund loan clients, a majority of whom are entrepreneurs of color, women, and/or low- to moderate-income entrepreneurs. The other 50% of grantees will be selected from the pool of eligible applicants. The selection process will also ensure geographic and industry diversity. The total number of recipients will depend on the total amount of funds raised in conjunction with the Small Business Live concert.
For over 25 years, Accion and Opportunity Fund have worked alongside small business owners providing capital and other services including financial education. For more information or to access these valuable resources visit us.accion.org and opportunityfund.org.
We are grateful to the donors who are making this fund possible, including the Tripadvisor Foundation, Bloomberg Philanthropies, the S&P Global Foundation, Citi, the Karsh Family Foundation, Superfly Media Group, and many individual donors who have provided donations through a crowdfunding effort.
Frequently Asked Questions
If you have additional questions, please submit an inquiry through this form on the grant application page, and we will do our best to respond to you within 4-8 hours.
Si tiene preguntas adicionales, envíe una consulta a través de este formulario en la página de solicitud de subvención, y haremos todo lo posible por responderle en un plazo de 4 a 8 horse. Por favor ver más abajo respuestas en español.