+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeNewslettersNextShare

Facebook is opening applications for its $100 million in grants to small businesses affected by the coronavirus. Here's how to apply.

Facebook is rolling out applications city by city via its small business hub.REUTERS/Robert Galbraith

Small businesses across the country are teetering on the edge of collapse because of the novel coronavirus, and Facebook is stepping in to help.

The social network will spend $100 million on grants to support over 30,000 small businesses in 30 countries, Facebook COO Sheryl Sandberg announced in March. The funds will be paid out in a combination of cash and advertising credits to businesses that need help covering operational expenses and in paying rent or their employees, Business Insider's Dominic Reuter reported.

Restaurants, coffee shops, gyms, fitness studios, and cultural institutions across the United States have closed as authorities urge Americans to practice social distancing to slow the spread of the novel coronavirus that has already killed more than 140,000 people across the globe. About 95% of Americans have been ordered to stay home in an attempt to slow the virus' spread.

"We've heard loud and clear that financial support could enable them to keep the lights on and pay people who can't come to work," Sandberg wrote on Facebook March 17. "Whatever happens next, we will be working to help businesses weather this storm."

Here's how you can get a grant from Facebook for your business.

Read the original article on Business Insider
Advertisement