Here’s the problem:
Only $2Trillion has been allocated as a COVID 19 Pandemic relief to small businesses. Small businesses make up 30.2 million businesses in the United States. This accounts for 99.9% of all businesses in the country. Of the $2Trillion relief effort from the federal government with the initial $350B and the additional $320B earmarked as new loans that small businesses must qualify for, the total will not be enough to cover COVID 19 Pandemic lost expenses and expenditures of 30.2 million businesses. This earmarking will be new debt to small businesses, solopreneurs and independent contractors through the Small Business Administration [SBA]. Every business that has a financial need will not receive funds, and many who do will find themselves further in debt.
Prior to the COVID-19 pandemic, more than 12 million small businesses, solopreneurs and independent contractors struggled to know where their next receivable might come from on a daily basis, a number that we are seeing rise at an exponential rate during the undetermined shut down period, which is extended with each new announcement, and the long-term ramp up that faces each business as they work to get back up to speed.
We have an opportunity to come together to give #SmallBusinessRelief to our small businesses, solopreneurs and independent contractors in this critical time of need. Click here to apply for a grant
The face of small businesses, that you utilize every day are grocers, gas station owners, restaurateurs, tax preparers, accountants, doctors and lawyers, etc.. these are your front line go-to businesses in every day of your life, however, they are now facing new challenges every day.
What a small business looks like:
- 1500 or less employees
- Annual income of less than $21.5 million
The goal of the #SmallBusinessRelief Initiative — launched by Intuit Quick Books, GoFundMe and Yelp, along with SanPete Financial Group and other businesses — is to help ensure that all small businesses have access to funds, not be penalized with additional debt but rather be positioned to thrive and help get the economy back online during and after the COVID 19 pandemic has ended. If you need a business grant click here
Here’s who we’re working with:
#SmallBusinessRelief Initiative created by Intuit Quick Books, GoFundMe and Yelp, is designed to assist companies such as SanPete Financial Group raise and provide a portion of raised funds as a grant to small businesses , solopreneurs and independent contractors who are impacted by the COVID 19 pandemic.
We recognize that financial insecurity in the small business community is growing at a rapid pace. SanPete Financial Group has identified over 300,000 businesses, as the first beneficiaries of their capital raise campaign. SanPete Financial Group is continuing to receive grant applications from across the nation and is in an on-going process of identifying additional businesses that are in need of financial assistance from the effects of COVID 19 on their businesses.
These funds will help small businesses continue to operate and provide vital services that are needed for everyone’s daily life.
“In times of need, a financial grant is both vital funding and a message of hope from the community, that we care and we’re here to make sure that tomorrow, things will be better,” said Yvonne E. Gamble. “Now more than ever – for our small businesses, our most vulnerable solopreneurs, and our out-of-work independent contractors – SanPete Financial Group is prepared to make sure that #SmallBusinessRelief debt free funding is part of the solution .”
“On behalf of Small Businesses, I would like to thank Intuit Quick Books USA, GoFundMe, and Yelp, for their generosity and support, with organizing the #SmallBusinessRelief Initiative to provide financial and other resources to business communities impacted by this crisis,” said Yvonne E. Gamble, CEO of SanPete Financial Group. "Prior to the COVID-19 pandemic, more than 12 million nationwide small businesses, solopreneurs and independent contractors struggled to know where their next receivable might come from on a daily basis, a number that we are seeing rise at an exponential rate during the undetermined shut down period, which gets extended with each new announcement.
As these numbers are quickly rising, it is critical that we rally together as many countries to support our small businesses during this time of great need.”
Together, we can help ensure that no small business, solopreneur, or independent contractor is left without access to business funds , or is put further in debt. Our grant review teams are working around the clock to approve grant applications.
Here’s how you can help:
If you are in a position to contribute and you have the means to take action, we hope you will donate today. No dollar amount is too small to give to the #SmallBusinessRelief.
If you or someone you know is a small business, solopreneur, or independent contractor in need of financial assistance please complete or share the grant application , so that we can add their name to the list of beneficiaries. We accept donations and assist businesses.
Over 30% of donated amount (less the 2.9% and $0.30 per donation transaction fee) will go as grants directly to small businesses, solopreneurs and independent contractors as they continue to pay employees operate virtually and serve their clientele impacted by COVID-19.
We are monitoring this growing and increased need, and are prepared to continue to support these organizations, as well as others who are responding to small business financial insecurity in our nation.
We recognize this need is great and believe that no business should be without finances to run their company.
Thank you for your consideration in donating to the #SmallBusinessRelief.
This fund would complement, not replace government funding, and could not be used for expenses that are clearly reimbursable through the USDA, state, or local funds.
We are working with GoFundMe.org (a 501c3 non-profit organization, EIN # 81-2279757, registered in the United States) to manage donations. All donations made on this page will be held by GoFundMe.org for the purpose of distributing such contributions to grant applications approved from Small Businesses, Solopreneurs and Independent Contractors, and other similar organizations in support of their efforts to aid those affected by COVID-19, subject to the variance power of GoFundMe.org, as stated in its policies. Donations are tax-deductible to the extent permitted by law.
By donating to this campaign, you agree to GoFundMe sharing your name and email with the beneficiary organizations (EU Donors excluded).
- VannieJae Walls
- Charice blakney
- Erika Gamble
- Omolola Adekeye
Fundraising team: SPFG COVID 19 Fundraising Team (4)