Digital platform EnrichHer is connecting Black women founders to the capital that they need.
The platform has launched the EnrichHER Small Business Grant for $5,000, according to a press release. The initiative is designed to boost the needs of various operations with anything from purchasing new equipment to implementing a marketing campaign.
“This is the 5th round of our business grant program and we couldn’t be more proud to offer another opportunity for women and founders of color to access funds that can help them reach their next milestone,” said Dr. Roshawnna Novellus, founder, and CEO of EnrichHER in a news release. “Women own 40% of businesses in the U.S. but receive only 4% of business loans. Our mission is to change that. The EnrichHER grant program brings us closer to our goal of empowering women-led, Black-owned, and POC-owned businesses through capital, coaching, and community.”
To date, the platform has funded over 160 million companies with over $14 million since its launch in 2017.
Applicants of the grant will receive information on not only educational resources but financing options and webinars for business growth. They’ll also gain access to the EnrichHER newsletter which exposes its subscribers to over $50,000 in grant opportunities, pitch competitions, and more on a weekly basis.
Current applications are open for U.S. -based businesses owned by women and entrepreneurs of color.
The deadline to apply is April 23.
Click here for more information.
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