NFast Break for Small Business is a grant program supported by LegalZoom and the National Basketball Association to help small businesses that are continuing to recover in the wake of the COVID-19 pandemic.
Donor Name: Accion Opportunity Fund
State: All States
County: All Counties
Type of Grant: Grant
Deadline (mm/dd/yyyy): 05/27/2022
Grant Size: $10,000
Details:
LegalZoom has teamed up with the NBA, WBNA, and NBA G League to assist communities by helping small business owners. Fast Break for Small Business is a $6 million commitment in grants and LegalZoom services to help thousands of small businesses all over the country, and Accion Opportunity Fund is the nonprofit administrator of the program.
The grant program is focused on reaching entrepreneurs of color, women, low- to moderate-income small business owners, immigrants, and others who have historically had limited access to financing for their business.
Funding Information
The multi-year program will award $10,000 grants to 100 small businesses in its first year, 2022.
Eligibility Criteria
Eligible small businesses must:
- Be based in the United States
- Have been in business for at least 6 months (since November 2021) and currently in operation
- If in business for between 6 and 12 months, have one of the following: articles of incorporation for LLCs, S Corps, and C Corps; sole proprietorship formation; fictitious name statement or DBA; EIN registration; city, state, or federal license to do business; or relevant professional license [if the business is between 6 and 12 months old but does not have any of these documents, the business is not eligible for this opportunity]
- Have an annual revenue of less than $1 million
- Have a business bank account
- Not be in an industry that has been identified as a prohibited industry for this program
For more information, visit Accion Opportunity Fund.
