Social media giant Facebook has launched a $100 million small business grant to help alleviate the strain the coronavirus pandemic has caused businesses globally.
According to Facebook, the Small Business Grants programme is designed to provide financial support that can go a long way.
“We know that your business may be experiencing disruptions resulting from the global outbreak of COVID-19,” the social media giant said on its business page.
“We’ve heard that a little financial support can go a long way, so we are offering USD 100M in cash grants and ad credits to help during this challenging time,” the tech giant added.
Facebook said the grant will help small businesses keep their workforce going strong, help with your rent costs, connect with more customers and cover operational costs.
To be eligible for the grant, your small business must have between two and 50 employees.
You must have been in business for over a year and have experienced challenges from COVID-19.
Your business must be in or near a location where Facebook operates.
Up to 30,000 eligible small businesses in more than 30 countries where it operates will be able to receive the grant.
The small business grant captures 36 countries in the first offering with Nigeria missing and South Africa the only African country listed.
Other countries listed include Canada, US, UK, China, Netherlands, Argentina, Brazil, etc.
