A massive $670,000 in small business grants available to Australian small businesses
Small business owners needing a much-needed cash injection now have the opportunity to receive one of dozens of $10,000 grants to help kickstart their business.
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Exclusive: Struggling small business owners are being encouraged to apply for hundreds of thousands of dollars in grants to help give them a much-needed cash injection.
Cloud-based software company Salesforce has teamed up with the Council of Small Business of Australia to roll out almost $700,000 in grants to dozens of businesses to help them overcome the pandemic.
Sixty-seven $10,000 grants are on offer to Australian small businesses and if they are successful in receiving the cash boost they can use the money any way they like.
Salesforce’s chief executive officer Pip Marlow said she hopes the money will help give businesses a “leg up in this tough time”.
“We want to make sure we are being supportive of our small businesses - they can do a number of things with the grant, including marketing or do more investing in their customer experience online,” she said.’
“Or it could be purchasing some inventory ahead of them reopening or their operational costs such as rent or paying people.”
To be eligible applicants must be a for-profit business, employ between two and 50 employees, have an annual revenue of $150,000 to $2 million, been in business for a minimum of two years and have been financially impacted during the coronavirus pandemic.
COSBOA’s chief executive officer Peter Strong said the grants were fantastic to help small businesses and “there’s no strings attached”.
“It’s for small businesses going through a hard time and this could make the difference to whether they could reopen or not,” he said.
“Someone might want to use it for rent, to purchase something they desperately need for their business or purchasing new products.”
Mr Strong said for any small businesses who are eligible they should apply.
“You don’t have to jump through too many hoops, it’s easy to apply,” he said.
Minister for Small and Family Business Senator Michaelia Cash said the grants would be a huge financial help for small operators trying to remain financially viable.
“COVID-19 has had a considerable impact on businesses in Australia and these grants will help small businesses to get through this period, innovate, employ and into the future,” she said.
Applications open on Monday, May 25 and close on June 1.
Applicants need to write up to 1300 words sharing the impact of COVID-19 on their business and what they plan to do with the money if they receive a grant.
Successful applicants will be announced in late June/early July and funding will be dispersed before the end of July.
To apply visit cosboa.org.au.
Originally published as A massive $670,000 in small business grants available to Australian small businesses