How Visa Smart Business Growth Fund Can Help Your Business Flourish
Are you a budding entrepreneur or a small business owner looking to scale up your business but lacking the financial resources to do so? Look no further than the Visa Smart Business Growth Fund.
Visa, the leading digital payment system provider, has joined hands with IFundWomen, a funding platform for women-led businesses, to launch the Visa Smart Business Growth Fund. The Visa Smart Business Growth Fund is a $100,000 grant program aimed at empowering small businesses, particularly those led by women, through financial and operational support.
Eligibility Criteria
The Visa Smart Business Growth Fund is available to businesses that meet the following eligibility criteria:
- The business must be either woman-owned, woman-led, or woman-founded.
- The business must have been in operation for at least six months.
- The business must be registered in the United States.
- The business must have an annual revenue of less than $10 million.
- The business must be willing to share their story and use of funds through Visa’s marketing channels.
Grant Details
The Visa Smart Business Growth Fund will grant up to $10,000 to each of the ten selected businesses. In addition to financial support, the grant recipients will also receive access to Visa’s experts and resources, as well as coaching and mentorship from IFundWomen’s network of advisors.
Application Process
To apply for the Visa Smart Business Growth Fund, businesses must complete an online application form available on IFund Women’s website. The application requires businesses to provide detailed information about their financials, operations, and future growth plans. The application deadline for the program is October 31, 2021, so be sure to apply as soon as possible.
Case Study
One business that has already benefited from the Visa Smart Business Growth Fund is Magpies Softserve, a Los Angeles-based ice cream shop. Magpies Softserve received a grant of $10,000, which they used to purchase new equipment and implement an online ordering system. The grant also provided them with access to Visa’s network of experts, enabling them to optimize their payment processes and drive business growth.
Conclusion
The Visa Smart Business Growth Fund is a fantastic opportunity for women-led businesses to receive financial and operational support, gain exposure, and unlock growth potential. If you meet the eligibility criteria, don’t hesitate to apply and take the first step towards flourishing your business.
