Impacto Hispanic Business Accelerator
As part of the Juntos Crecemos platform, The PepsiCo Foundation launched the Impacto Hispanic Business Accelerator, a $10 million initiative to provide capital and business coaching to 500 Hispanic small food and beverage businesses over five years. This support will help Hispanic entrepreneurs overcome systemic economic disparities and grow their enterprises. The program is focused on cities where small business owners were hit particularly hard by the pandemic. In 2023, Impacto will provide 100 Hispanic entrepreneurs with a full suite of program offerings: one-on-one and group coaching, virtual and in-person events, and a $10,000 small business grant.
Impacto will be executed collaboratively by four leading small business support organizations, with Accion Opportunity Fund serving as the program administrator. PepsiCo Foundation is the program sponsor.
CLICK HERE to learn more & view eligibility requirements.
Application Deadline: June 16, 2023, at 5PM ET/2PM PT
Grant Amount: Small businesses will be eligible to graduate and receive the $10,000 grant if they meet ALL of the requirements listed in the link above.
Chick-fil-A True Inspiration Awards
Chick-fil-A’s True Inspiration Awards support nonprofit organizations making an impact in their local communities in the United States, including Puerto Rico, and Canada. Organizations will be awarded for their work in the following areas: caring for people, with a focus on educational initiatives fostering character and leadership development, academic excellence, and community involvement in underserved youth; caring through food, including programs or projects addressing hunger and food insecurity facing children and their families; community, with a focus on programs or projects providing housing and other direct services to support young people and their families; and caring for our planet, including programs or projects that care for the environment and the planet. Nonprofit organizations based in the US or Puerto Rico and equivalent Canadian charitable organizations are eligible to apply. LEARN MORE
Application deadline: June 1, 2023
Geographic scope: United States, including Puerto Rico, and Canada
Grant amount: A total of $5 million in grants ranging from $30,000 to $350,000 will be provided.
Funds Available to Repair Rural Housing
The Rural Housing Preservation Grant program offers support to assist low- and very-low-income homeowners in repairing and rehabilitating their homes in rural areas. The program also assists rental property owners and cooperative housing complexes in repairing and rehabilitating their units if they agree to make such units available to low- and very-low-income persons.
Application deadline: June 5, 2023
Grant size: Approximately $2.5 million of funding is available for disaster assistance. $50,000 maximum will be awarded to 160 recipients. LEARN MORE
CED Planning Grant
The Community Economic Development (CED) program, is a federal grant program offered by the US Department of Health and Human Services Office of Community Services (OCS). The grant program seeks to address barriers to economic self-sufficiency in communities with low incomes by awarding funds to CDC’s to implement community economic development projects that create business development and job opportunities.
The newly announced CED Planning Grant aims to stimulate new projects in underserved and under-resourced communities by supporting a variety of administrative capacity building activities that will allow potential applicants adequate time and resources to put together a viable CED application.
Application deadline: July 12, 2023
Grant amount: A total of $1.5 million in awards ranging from $75,000 to $150,000 will be provided to 10 recipients. LEARN MORE
Funding & Resource Roundup
Freed Fellowship – Every month, one $500 grant is awarded to an underrepresented founder in the US to invest in their existing business. No strings attached. No equity required. Grant recipients are also eligible to receive an additional end-of-year grant of $2,500. https://www.freedfellowship.com/grant1
Gender Equity In Stem Incubator – Incubator is seeking submissions from individuals, new teams, or established organizations. Solutions can be for-profit, nonprofit, or hybrid models and must be at least at the prototype stage. Solution teams must be US-based to be eligible for the Challenge. Pool of $1MM for 8 finalists. Apply by 6/2/2023 – https://solve.mit.edu/challenges/gender-equity-in-stem-challenge
Juntos Crecemos Hispanic Digital & Delivery Program (PepsiCo) – PepsiCo is inviting Latina entrepreneurs who work in food service to apply for eight weeks of personalized expert consultation, including best practices across operations, technology, marketing and digital presence. https://pepsicojuntoscrecemos.com/jefaowned/
SPUR (Shared Purpose, Unlimited Reach) Pathways – Through an integrated and collaborative approach, Macy’s, Inc. and Momentus will provide access to a range of capital options from microloans to growth capital to equity investments. This represents a commitment to underrepresented businesses and aims to galvanize the retail industry to invest in the next generation of entrepreneurs – https://www.macysinc.com/purpose/spurpathways
Start Path Small Business (Mastercard) – During the 4-month program, startups will have the opportunity to leverage Mastercard’s network and subject matter expertise to uncover product partnerships, scale their companies and power solutions that drive safe, secure and simple experiences. Companies should be in one of following industries: Customer Service, Banking, Security, E-commerce, Artificial Intelligence, Payment Processing, Digital Lending, FinTech – https://developer.mastercard.com/programs/start-path-small-business
Truist NonProfit Grant – The Truist Foundation supports nonprofits with grants that target leadership development, economic mobility, thriving communities and educational equity. Quarterly deadlines – https://www.truist.com/purpose/truist-foundation/grant-application
Women and Minority Business Owner Down Payment Grant (Bank of America) – Non-repayable grant is for up to $25,000 on SBA owner occupied commercial estate loans for business locations within select opportunity zones (Atlanta, Charlotte, Chicago, Dallas and Los Angeles) Program may expand based on pilot. – https://promotions.bankofamerica.com/smallbusiness/downpaymentgrant
Bridge built by Citi Loan Program
Bridge built by Citi is a platform connecting small businesses seeking loans with over 65 community banks, CDFIs, and Minority Depository Institutions. There are no digital-only lenders on the platform, and no technology integration is required. Bridge’s lenders are able to respond to requests for capital for a wide range of debt financing, from working capital loans to commercial mortgages.
All NALCAB members are invited to refer small businesses seeking capital that are not able to be served by local markets to submit an application through the platform, to receive term sheets from potential lenders. In addition, NALCAB member CDFIs offering small business loans between $100,000 and $10,000,000 are invited to join this free platform to increase their reach.
Mary Reynolds Babcock Foundation
The Mary Reynolds Babcock Foundation supports nonprofit organizations helping people and places move out of poverty and achieve greater social and economic justice in 11 southern states: Alabama, Arkansas, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia. With the aim of advancing racial equity and social and economic justice, the Foundation supports collaborative, multi-strategy, place-based work focused on democracy and civic engagement, economic opportunity, and supportive policies and institutions. Funding may be used for general operating support, project support, “glue” support for networks of grassroots and partner organizations, and organizational development. Organizational summaries are accepted throughout the year.
Change Machine + Kaiser Permanente Financial Health Initiative
Change Machine + Kaiser Permanente have partnered to support nearly 200 nonprofits to accelerate their missions and drive impact through financial coaching. Selected nonprofits will use Change Machine’s technology platform to train and equip social service practitioners in financial coaching so that they can provide these services to their clients. Financial coaching includes: financial goal setting and budgeting; establishing and increasing savings; addressing debt; and connecting people to safe and affordable banking products. Funding from Kaiser Permanente supports training program implementation, allowing social service organizations to provide these programs sustainably.
Location requirements: Practitioners from California, Colorado, District of Columbia, Georgia, Hawaii, Maryland, Oregon, Virginia, & Washington state.
CLICK HERE for more details & application instructions.
Citizens Bank Corporate Giving
Citizens Bank Corporate Giving seeks to support opportunities for significant and measurable community impact. Corporate contributions support nonprofit organizations in the geographic areas in which Citizens has a retail bank branch presence, including Connecticut, Delaware, Massachusetts, Michigan, New Hampshire, New Jersey, upstate New York, Ohio, Pennsylvania, Rhode Island, and Vermont. Funding areas of interest include fighting hunger and reducing food insecurity; supporting financial literacy programs that provide individuals and businesses with the tools needed to be fiscally healthy; and strengthening communities through economic development, job training, and small business development. Funding is focused on projects that serve diverse, underserved populations and neighborhoods and demonstrate strong results. Sponsorship support is also available, as well as grants through the Citizens Philanthropic Foundation for organizations in the Metro New York and New Jersey areas. Applications are accepted throughout the year. Visit the Citizens website to submit an online application. Grants support programs that:
- Teach Money Management by supporting financial literacy programs that provide individuals and businesses with the tools needed to be fiscally healthy.
- Strengthen Communities through economic development, job training and small business development.
The Southern Opportunity & Resilience (SOAR) Fund
The Southern Opportunity and Resilience (SOAR) Fund is a new program built to support small businesses and nonprofits in the South and Southeast as they adapt, reopen safely, and recover from COVID-19. Loans are made through local community lenders, such as Accion Opportunity Fund (AOF), that can help you understand the terms and determine if a loan is the right option for your business.
Loans range in size, up to $100,000, and can be used for various business purposes Current loan terms with AOF are a 60-month loan term with fixed 4% interest rate for businesses.
CLICK HERE for eligibility & more details.
NALCAB Loans & Loan Guarantees
Did you know that NALCAB offers loans for nonprofit member lenders and member organizations that work in affordable housing? In addition, we offer loan guarantees for small business and real estate loans.
CLICK HERE to learn more about our loan products. To schedule a consultation, contact us at: impactinvesting@nalcab.org
Additional Funding Sources
Grant Station offers nonprofit organizations, educational institutions, and government agencies the opportunity to identify potential funding sources for their programs or projects as well as resources to mentor these organizations through the grantseeking process.
Grants.gov a searchable database of federal funding programs and grants currently available.
NACEDA – National Alliance of Community Economic Development Associations showcases funding opportunties in various areas of community development.
Candid maintains a comprehensive database on US and global grant-makers and their funding opportunities. It also operates research, education, and training programs designed to advance knowledge of philanthropy at every level.