Driving Small Business Forward
A grant program supporting Hispanic entrepreneurs in partnership with Progressive® Commercial Insurance
As the #1 commercial auto insurer in America1, Progressive understands small businesses and is committed to providing solutions to help meet their needs. According to McKinsey & Company2, Hispanic entrepreneurs start more businesses per capita than any other racial or ethnic group in the United States, yet they face more challenges getting loans or capital from the investment community. Progressive would like to support these business owners with funds to take their business to the next level.
The Driving Small Business Forward fund will provide $25,000 to ten small businesses towards the purchase of a commercial vehicle to accelerate their business.
Applications are now open for one of ten $25,000 grants for use toward the purchase of a commercial vehicle.
Eligible small businesses must be:
- Majority (51%+) owned and operated by Hispanic-identifying entrepreneur(s)
- Have 10 or less employees
- Have less than $5M in annual gross revenue
- Have a demonstrated need for a commercial vehicle to run your business
For full eligibility requirements, including restricted businesses, see the terms and conditions.
Application Timeline
Applications for the Driving Small Business Forward Grant Program are open from May 9, 2022 at 9 a.m. ET until June 17, 2022 at 6 p.m. ET. Applications will be reviewed by a committee according to the criteria outlined in the terms and conditions. Recipients will be notified by email and publicly announced in mid-August.
For full details on this grant opportunity, please visit:
https://helloalice.com/partners/progressive/
