Facebook has launched the Small Business Grants Program in a bid to aid micro, small, and medium enterprises (MSMEs) that are financially affected by the COVID-19 pandemic.
Backed with a $100 million budget to provide support for 30,000 eligible small businesses in over 30 countries, Facebook offers about P55 million grants to approximately 500 qualified enterprises in the Philippines.
The budget covers workforce maintenance, rent, operational costs, customer building, among others.
To be eligible for the grant, the business struggling amid the pandemic must be a “for-profit” type of company operating for over a year, with 2 to 50 employees as of January 1 this year, and located in Metro Manila where Facebook operates.
MSMEs have until October 12, 2020, to submit their applications. Small businesses are not required to have a Facebook presence to apply.
Here are some of the documents required:
- Securities and Exchange Commission (SEC) registration of your business entity
- Articles of Incorporation or Partnership
- Bureau of Internal Revenue (BIR) Certificate of Registration
For more details about the program, Facebook offers, visit https://web.facebook.com/business/small-business/grants.