Fast Break for Small Business Grants

By October 21, 2021 No Comments

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.

ABOUT:

LegalZoom, the NBA, WNBA, and NBA G League are committed to helping small business owners everywhere, especially those who face obstacles because of who they are, who they love, or how they identify. Starting at NBA Tip-Off, the first of six grant cycles will open in this multi-year program. Here’s how this first cycle will work:

  • $10,000 grants and $500 in LegalZoom services to 50 small businesses
  • $500 in LegalZoom services to 950 additional small businesses
  • Grantees and LegalZoom services recipients will be notified and issued grants and LegalZoom services in January 2022

ELIGIBILITY:

Small businesses are eligible to apply for a grant through Fast Break for Small Business if they meet the following criteria:

  • Must be based in the United States
  • Must have been in business for at least 6 months
  • Must have an annual revenue of less than $1 million
  • Must not be in one of these prohibited industries

DOCUMENTATION:

  • Most recent business tax returns [if business is more than 12 months old]
  • A copy of your business license OR sole proprietorship formation document [if business is between 6 and 12 months old but does not have a business license OR sole proprietorship formation document, the business is not eligible for this opportunity]
  • A front-and-back color copy of the business owner’s government-issued identification [Acceptable identification includes a driver’s license, federal government employee ID card, passport, permanent resident card, alien resident card, or matricula consular]
  • All pages of the most recent business bank statement
  • A completed W9 form for the business bank account referenced above: click to download
  • A completed ACH form for the business bank account referenced above: click to download

APPLICATION:

Applications for the first grant cycle will be open from October 14 to November 23, 2021

Visit website to apply and learn more. Incomplete applications will not be considered.