LISC will use funds to provide grants of up to $10,000 to businesses facing immediate financial pressure because of COVID-19, especially entrepreneurs of color, women-owned businesses and other enterprises that don’t have access to flexible, affordable capital in historically underserved communities.
LISC will launch an online process for small businesses to submit applications for grants (Apply here by Saturday, April 4 at 11:59 PM ET).
Applications will be reviewed and then entered into a lottery. The grants are designed to help business owners fill urgent financial gaps – from paying rent to meeting payroll – until they can resume normal operations or other financing becomes available.
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