The Progressive® Driving Small Business Forward fund program will provide $25,000 towards a commercial vehicle to 10 Black-owned small businesses.
Donor Name: Hello Alice
State: All States
County: All Counties
Type of Grant: Grant
Deadline: 06/02/2023
Size of the Grant: $25,000
Details:
Progressive Commercial is the 1 commercial auto insurer in America1 and is committed to serving small businesses. Multiple studies have shown how inequities have made it harder for Black entrepreneurs to access capital. This program aims to alleviate this challenge.
Eligibility Criteria
Applicants must meet all of the below criteria to be eligible for this opportunity:
- Be a for-profit business majority (51%+) owned and operated by a Black-identifying entrepreneur(s)
- Have 10 or fewer employees and less than $5M in annual gross revenue
- Have a demonstrated need for a qualifying commercial vehicle to run your business and a clear plan for growth as a result of this vehicle purchase
- Not be an independent contractor whose primary business is for a rideshare service such as Uber or Lyft, or third-party food delivery such as UberEats, DoorDash, PostMates, Grubhub, Instacart, etc.
- No purchase necessary. 18+, US only.
For more information, visit Hello Alice.