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Apr

22

2020

Facebook & Google Are Offering Financial Assistance to Small BusinessES. Here’s What You Need to Know.

facebook google financial

 

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Many businesses are experiencing financial disruptions as a result of the COVID-19 outbreak.

To help ease the economic impact on small businesses, influential powerhouses like Facebook and Google are offering grants for sustainability. We want to ensure you are aware of this and have the ability to act on this while it’s available.

 

small-business

Facebook’s Small Business Grants Program

It’s official; Facebook is offering $100M in cash grants and ad credits to eligible applicants who are in need of financial assistance during this time of crisis. The Facebook grant program is meant to keep small businesses’ workforce going strong, help with rent costs, engage with new customers, and cover operational expenses. Applications are available to certain regions as of Wednesday, April 22, 2020.

 

Requirements for eligibility:

 

Required

 

To complete your application, Facebook is only requiring at least one of the following documents:

 

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As part of the application process, you will also be asked to provide your contact information, a brief summary of your business, and describe how you would use the cash grant - whether you plan to apply to your business or directly in your community. 

Once applications become available, visit the Facebook Small Business Grants Program page and scroll down to select “See Available Locations” for grant availability near you. Applicants will have 2 weeks to apply before the deadline. From there, Facebook will review applications, ask follow-up questions, and select their finalists for grant recipients.

 

 

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Google Ad Credits for Small and Medium-Sized Businesses

As a part of their larger crisis response to COVID-19, Google is taking action to help small to medium businesses stay in touch with their customers — by giving SMB customers $340M in ad credits. These ad credits can be used across Google Ads platforms (including Search, Display, and YouTube, as well as all campaign types) for future ad spend until December 31, 2020.

Requirements for eligibility:

These ad credits are being granted to small and medium-sized businesses globally who have spent with a Google Ads account in 10 out of 12 months of 2019, and in January and/or February of this year. Read more about eligibility and FAQs here. According to our sources, no action will be needed from businesses regarding an application. Google has stated they anticipate notifying companies in late May if they’ll receive ad credits.

 

 

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You’re On Our Minds at Mojo

At Mojo, we’re thinking about all of our partners, clients, and SMB peers, as well as all the essential workers and small businesses that are striving to make it through. That’s why we want to share any useful resources we can and hope you find them beneficial during this time.

How can Mojo help? Let's talk.

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