Lowe’s-LISC GRANT PROGRAM
July 28, 2020
Thanks to a $55 million significant commitment grant from Lowe’s, LISC will provide the emergency grant assistance that small businesses desperately need to stay afloat.
$30 million will focus on small businesses owned or led by minorities and women, who often lack access to affordable capital.
$25 million will support enterprises in rural communities, which typically face even more hurdles than their urban counterparts due to limited access to bank credit, capital and other support services.
Grants of $20,000 to small business owners to help meet their most immediate needs. Eligible expenses include:
Paying rent and utilities
Paying outstanding debt to vendors
Upgrading technology infrastructure
Other immediate operational costs
Application period for round 5 is now open. Before applying, please review the grant information and FAQ here.
Applications must be submitted by Monday, August 3rd at 11:59 p.m. EST.
All applicants will be linked to a customized, state-by-state resource guide on how to navigate federal, state and local assistance programs and private financing as well as resources available through LISC and our network of local and national small business support organizations.
Who is eligible?
We will support small businesses and enterprises affected by the COVID-19 pandemic across the country, with a focus on underserved communities that often lack access to flexible, affordable capital. This includes businesses owned and led by minorities and women plus enterprises located in hard-hit rural communities.
Applications will be reviewed based on criteria designed to prioritize particularly challenged businesses, and the final grantees will be randomly selected from the top scoring applicants.
If you are a nonprofit organization, we have compiled a guide of resources available nationally and locally.