Passion, purpose, resilience. Running a small business requires all those and then some—especially when faced with additional barriers to economic growth. We started the Venmo Small Business Grant to help level the playing field for small business owners, and to help them make big things happen.
Eligibility
The Grant Program is open only to legal residents of the fifty (50) United States and the District of Columbia who:
(a) are at least eighteen (18) years old;
(b) have a U.S. Venmo Account and valid business profile on Venmo in good standing, with a profile photo, background photo and business description at the time of application and through the time of any grant award; and (c) own a small business; defined, for purposes of this Grant Program, as a business entity that is duly organized, validly existing and in good standing under the laws of the jurisdiction of its principle place of business (which must be within one of the fifty (50) United States or District of Columbia) that:
can promptly provide all government (i.e., secretary of state) documentation requested by Sponsor or Administrator to show proof of business status;
is active and has sold at least $500 worth of goods or services within the three (3) months prior to the start of the Grant Program Period (defined in Section 4 below); and
employs ten (10) employees or less with less than $50,000 in annual sales.
Establishing a U.S. Venmo Account and valid business profile on Venmo is free and conducting any transactions on Venmo is not an eligibility criteria for this Grant Program. Note, however, that employees of PayPal, Inc, Merkle Inc., Taproot Foundation, Inc., Start Small. Think Big., Inc., and any of their parent and affiliate companies as well as the immediate family (spouse, parents, siblings and children) and household members of each such employee are not eligible. The Grant Program is void where prohibited by law.
Application Instructions
During the Grant Program Period, visit www.venmo.com/business/small-business-grant (“Grant Site”) and follow the links and instructions to complete and submit the application form, including answering all questions (“Grant Program Questions”)
Your application and responses to the Grant Program Questions will collectively be referred to as your submission ("Submission"). By uploading your Submission, you agree that it conforms to the guidelines, permissions, and content restrictions below and that Sponsor, in its sole discretion, may disqualify you if it believes that it fails to conform. Where your Submission meets all requirements, your Submission will be deemed one (1) Grant Program application.
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Details
Release Date
July 24, 2023
Deadline
August 7, 2023
Organization
Financial Instrument
Grant
Maximum Award Amount
$10,000
Total Program Funding
$200,000
Updated September 10, 2024
Image Credit: Venmo
This information was gathered from public sources. Ambrook is not responsible for or able to affect the results of any financial programs listed, nor are they responsible for any incorrect information that is listed or is on the hyperlinked external sites. All information is subject to change.
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