ATLANTA, GA — The Atlanta Wealth Making Initiative (AWBI) is furnishing one more spherical of grants for little Black-owned corporations. The deadline to utilize is Wednesday, Nov. 4.
Grants will variety from $5,000 to $15,000 via the Atlanta Wealth Building Initiative COVID-19 Small Small business Aid Fund. They will be awarded to assistance address employee salaries, lease, provider expenditures, and technological support for up to three months.
“The COVID-19 pandemic continues to have a adverse impact on compact companies during the Metropolis of Atlanta,” the AWBI stated on its internet site. “Businesses are even now grappling with a loss of profits, fewer clients, and laying off employees. This has devastating influences as several smaller firms present employment to local residents and provide items/products and services in communities usually disregarded by national stores. Black-owned organizations, in unique, have felt the devastating effects of COVID-19 far more severely and probable for a longer time period of time.”
• Business must be proven prior to March 16, 2019.
• Organization must be in excellent standing.
• Yearly Revenues of the organization or nonprofit not to exceed $1.5 million as evidenced by Monetary Statement or other financial documentation.
• Suitable makes use of contain: doing work money to help payroll fees, hire, property finance loan payments, utility expenses, technological support or other similar charges that come about in the regular class of functions.
Grants will be dispersed and administered by existing micro and modest business loan companies.