Grants can be used by recipients in several ways, including investing in new equipment, inventory, and marketing.
Black and other Americans have the flexibility to use the grants in any way that will optimize business success, including funding for physical and digital store improvements, investing in new equipment, inventory, marketing, and other purposes.
According to eBay, studies show that it is more difficult for marginalized communities to obtain financial assistance, including for bank loans and other capital. The company disclosed its grants are accessible to all and free.
Dawn Block, VP, U.S. General Manager at eBay, reflected amid her comments, “We are constantly looking for ways to ensure that entrepreneurs on our marketplace have the capital, resources and community they need, in order to truly thrive.”
Elizabeth Gore, co-founder and president of Hello Alice, added among her remarks, “Grant programs are one of the most vital resources for all small business owners who encounter challenges when trying to secure capital or credit for business growth.”
Learn more about the grant program here.
Source: Black Enterprise
