Are You Eligible for This Commercial Vehicle Grant?
Last month, Progressive Insurance unveiled its Driving Small Business Forward grant program to support Hispanic entrepreneurs. The grant will provide Hispanic-identifying entrepreneurs with funding for the purchase of a commercial vehicle for their business. This $250,000 grant program is in collaboration with the business accelerator, Hello Alice.
According to McKinsey & Company, Hispanic entrepreneurs start more businesses per capita than any other racial or ethnic group in the United States. However, they face more challenges getting loans or capital from the investment community. With the Driving Small Business Forward grant program, Progressive hopes to support these owners with funds to take their businesses to the next level.
“Progressive understands the unique challenges entrepreneurs face, and is committed to providing solutions to help. (We) hope this program will make an impact for the selected business owners and help propel their small business journey.”Karen Bailo, Commercial Lines President at Progressive Insurance
How to Apply
Applications are now open for small business owners! Enter for your chance to receive one of 10 grants of $25,000 toward the purchase of a commercial vehicle.
To be eligible for this commercial vehicle grant, small businesses must:
- Be majority (51%+) owned and operated by Hispanic-identifying entrepreneur(s)
- Employ 10 or fewer employees
- Have less than $5M in annual gross revenue
- Clearly demonstrate the need for a commercial vehicle
Applicants for the Driving Small Business Forward grant program have until June 17, 2022, at 6 p.m. ET to submit their applications. Meanwhile, the chosen recipients will be notified by email and publicly announced in mid-August. For more information about this commercial vehicle grant, visit HelloAlice.com/partners/progressive.
“We are thrilled to partner with Progressive on the Driving Small Business Forward grant program to enable Hispanic entrepreneurs to purchase commercial vehicles that will allow them to grow their businesses,”Elizabeth Gore, Co-Founder and President of Hello Alice.
Small Business Grants Are Available
When we asked small business owners on our platform to rank their biggest challenge in 2022, they selected inflation. Now, more than ever, it’s important that small business owners get the resources they need to address these challenges.
Are you looking for more grant funding opportunities? GrantWatch.com is the leading grant listing directory, with more than 1,000 grants available to small businesses. Furthermore, they feature an entire category dedicated to capital funding opportunities. Below, we’ve listed three more grants that your small business could apply for:
- Grants to USA businesses for assistance in business development.
- Small businesses can now apply to participate in a mentorship program.
- Black female business owners can apply for this grant for business growth.
Stay up to date with the newest funding opportunities and don’t miss out on grants again when you sign up with GrantWatch. Each grant has it’s own process and requirements. Purchase a subscription to view the full grant details, including the eligibility criteria and application. For more information, you can also visit the GrantWatch FAQ page.
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