EnrichHER, the only digital platform that connects women and founders of color to capital, has announced the launch of the EnrichHER Small Business Grant for $5,000. Designed to boost various operations needs from purchasing new equipment to implementing a marketing campaign, the grant is now accepting applications from U.S.-based businesses owned by women and entrepreneurs of color.
Interested business owners can apply online at enrichher.com. The deadline is April 23. A grant recipient will be chosen and announced on May 14.
“This is the 5th round of our business grant program and we couldn’t be more proud to offer another opportunity for women and founders of color to access funds that can help them reach their next milestone,” says Dr. Roshawnna Novellus, founder and CEO of EnrichHER, which has funded over 160 companies with more than $14M dollars since launching in 2017. “Women own 40% of businesses in the U.S. but receive only 4% of business loans. Our mission is to change that. The EnrichHER grant program brings us closer to our goal of empowering women-led, Black-owned and POC-owned businesses through capital, coaching and community.”
Grant applicants will receive information on financing options as well as educational resources and webinars for business growth. They’ll also be able to access the EnrichHER newsletter which provides subscribers with over $50,000 in grant opportunities, pitch competitions and more each week.