The Greater Washington Hispanic Chamber of Commerce is thrilled to announce that for the very first time we will be providing a micro grant opportunity to our active members.
The GWHCC Small Business Micro Grant Program aims to aid small businesses affected by COVID-19 by providing immediate relief in the form of a micro-grant award between $500-$1,000.
Our goal is to provide funds to assist in keeping the doors open through and beyond COVID-19. A small micro-grant may go a long way when a business is in need.
The funds for this program are limited and the following information must be provided:
Must be in business as of August 1, 2019
Must be able to share the last 90 days of financials demonstrating a 15-20% or more loss in revenue due to COVID-19;
Must have all relevant certifications up-to-date
Does not have more than 10 full time employees
Does not make more than $1 million in gross revenue
Documentation of expenses and forecast of funds will be required for grant to be awarded
At least two consultations with a GWHCC team member to review financials and business plan must take place
A site visit must take place 6 months after the award has been granted
This microgrant may be used to fund creative or simple ideas to help a small business respond to the impact COVID-19.
Grant proposals should support projects, equipment/supplies, or other needs that have an immediate impact on employees, production, or serving customers, clients, and vendors.
Applicants must be active GWHCC members with no membership dues pending.
Grants are one time only and awarded providing the applicant meets eligibility and award criteria.
Eligible applications will be considered via a lottery system after the application period closes or until funds are exhausted.