“Small businesses are vital to a healthy economy and thriving communities, and through the Venmo Small Business Grant we can provide much-needed funding and support to help them build resilience, grow and succeed.” businesses have been forced to close because of the pandemic,” said Denise Leonhard, Vice President of Venmo. “The last two years have been tremendously difficult for small businesses in communities across the United States, like your local dog walker, barber and florist. Nearly 200,000 U.S.
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These resources will be provided in partnership with PayPal community partners, Start Small, Think Big, and Taproot Foundation, along with PayPal and Venmo employees who will provide mentoring, coaching and pro bono services. In addition to providing a financial grant, the Venmo Small Business Grant program will provide recipients with access to technical expertise and mentorship on topics such as legal services, financial analysis, digital marketing and more. Bank study, 82% of businesses that failed cited cash flow problems as a factor in their failure. Each 20 selected businesses will receive $10,000 to cover expenses, such as rent or helping to digitise and promote their businesses.Īccording to a U.S. announced the Venmo Small Business Grant, a new program for emerging and small businesses that will provide financial grants and mentorship services to 20 new and existing Venmo Business Profile customers.
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