Flagstar Bank’s grant program purpose is to help for-profit small businesses in the key markets of Indiana (South Bend and Fort Wayne); California (High Desert of San Bernardino County) and Michigan that have been affected by the COVID-19 crisis with their operating expenses.
Donor Name: Flagstar Bank
States: California, Indiana, Michigan
County: San Bernardino County (CA)
Cities: South Bend, Fort Wayne
Type of Grant: Grant
Deadline: 11/20/2022
Size of the Grant: $5k
Details:
Goals of the Program
To provide immediate financial support to BIPOC small businesses and entrepreneurs in Flagstar Bank’s market areas of Indiana, Michigan and California. This is to provide working capital grants to qualifying applicants.
Funding Information
Grant amounts will be $5k per business.
Eligibility Requirements
The following is a list of grant criteria and eligibility requirements:
- Businesses with annual revenues no more than $1 million.
- Businesses must have been in existence a year or longer.
- Businesses must be for-profit.
- If a business owner operates more than one business, only one application for a single business will be accepted.
- The business name on the application must match the records with the State, County and City.
- Your business must be in good standing with the State, County and City.
Certificate of Good Standing. - The business must have a business address in the Flagstar Bank’s key geographies of Michigan, Indiana (South Bend and Fort Wayne) and California (High Desert of San Bernardino County).
- Grants may be used to cover the day-to-day operating expenses of the business, such as rent, working capital, payroll, utility bills or losses due to destabilizing events, etc. Grants may be used for transitioning to e-commerce, curb-side pick-up, delivery integrations and other creative solutions to increase revenue.
- Agree to share financials and other essential information
- Agree to share change in business as a result of the grant funding
For more information, visit Black, Indigenous, and People of Color Grant.
