Business Resources
November 2024 Grants & Resources For Black-Owned Beauty Brands
Level up your business with these free grants and resources.
Each month, Sadiaa Black Beauty Guide updates our list of funding opportunities for beauty entrepreneurs and brand owners to which can apply, pitch or submit. With Black-centered grants under fire, this list has become even more essential for start-ups and solopreneurs looking to get stable footing.
Click through for info on current opportunities you can apply or tap in to help you level up your business for 2024.
2024 BGV Pitch Competition (NYC)
The Black Girl Ventures Pitch Competition provides coaching for entrepreneurs to participate in a live crowdfunded pitch competition in one of four cities (Austin, Chicago, New York City, and Los Angeles). Grant winners will receive up to $15K in funding, along with membership to the BGV Connect Incubator. You don’t need to have experience pitching, nor do you need to have a pitch deck already created.
Upcoming Deadline: November 6 (Los Angeles)
Apply here: blackgirlventures.org
eBay Circular Fashion Fund
In partnership with The Council of Fashion Designers of America (CFDA), eBay will award fashion innovators up to $50K in funding, along with a chance to pitch their business venture to eBay’s global leadership. The winning business will be awarded ‘eBay Circular Fashion Innovator of the Year’ and receive an additional investment of up to $300K tart-ups and beyond as they scale innovative solutions from production to end-of-life.
Deadline: November 15, 2024
Apply here: ebay.com
BeyGOOD x Cécred Salon Business Grant Program
Beyoncé’s BeyGOOD and Cécred have teamed with the National Minority Supplier Development Council (NMSDC) to provide $10K grants to 25 hairstylists. This grant is open to salon owners and operators, booth renters, and, even, work-from-home hairstylists. You just need to be licensed for at least two years per regulations in your state. Qualified hairstylists must be based in one of five key markets: Atlanta, Chicago, Houston, Los Angeles, and New Jersey. One hairstylist from each market will be selected every other month, beginning in April, throughout 2024.
Upcoming Deadline: November 20, 2024.
Apply here: nmsdc.org
Gusto Impact Awards
This fund is celebrating small businesses that are making an “impact” on their customers and community with awards program offering $50K in advertising and cash grants. Must be located in one of the following five metros:
- Charlotte, NC
- Dallas/Fort Worth, TX
- Denver, CO
- Houston, TX
- Miami, FL
Deadline: November 20, 2024
Apply here: gusto.com
Fifth Third Small Business Catalyst Fund
This grant program will support small businesses located throughout Fifth Third’s geographic footprint with a $5,300 grant that can be used for working capital, technical assistance, or other similar expenses that occur in the regular course of business.
Must be located within one of the program’s focus neighborhoods:
- Arlington Wood, Indianapolis, IN
- Avondale, Cincinnati, OH
- Buckeye, Cleveland, OH
- East Tampa, Tampa, FL
- Grove Park, Atlanta, GA
- Historic West End, Charlotte, NC
- Near East Side, Columbus, OH
- Russell, Louisville, KY
- South Chicago, Chicago, IL
Deadline: November 24, 2024
Apply here: smallbusinesscatalystfund.com
Verizon Small Business Digital Ready
Verizon has partnered with the Local Initiative Support Corporation (LISC) to award underserved small businesses $10K grants. Applications are open to small businesses that have completed any combination of two courses, coaching events, and community events within the Verizon Small Business portal.
Deadline: December 13, 2024
Apply here: verizon.com
FedEx Entrepreneur Fund and Boost Camp
Presented in collaboration with Hello Alice and the Global Entrepreneurship Network (GEN). Apply for one of 150 spots for this 12-week digital growth accelerator featuring expert-led sessions, education, mentorship, a peer support network. Accepted applicants will have the opportunity to receive $10K in grant funding!
Deadline: December 13, 2024 at 6 pm ET.
Apply here: helloalice.com
ZenBusiness $5K Grant Program
The ZenBusiness 2024 Small Business Grant Program is awarding up to 40 small business clients a $5K grant, Growth Center access for 30 days (including live coaching and website tools), ZenBusiness Money Pro access for 30 days (providing tools to manage your clients, cashflow, and taxes all in one place), and ZenBusiness Banking free for the first month (so you can separate your business and personal finances).
To qualify, eligible small businesses must have used formation services within the last three to six months.
Deadline: December 31, 2024
Apply here: zenbusiness.com
ONGOING DEADLINES
Bank Of America “Access To Capital Connector”
Bank of America has partnered with Community Reinvestment Fund, a national nonprofit CDFI, to help small business owners find capital via loans ranging from $10K to $1M, coaching, and support.
Deadline: Ongoing.
Apply here: accesstocapitalconnector.com
Wish Local Empowerment Grant
U.S.-based Black-owned businesses with a brick-and-mortar shop can apply for microgrants ranging from $500-$2000. Must have 20 or fewer employees and under $1M average revenue.
Deadline: Ongoing.
Apply here: wish.com
Small Business Readiness for Resiliency
The U.S. Chamber Foundation and FedEx teamed up to create the Small Business Readiness for Resiliency Program (R4R) to help small business owners prepare for disasters and offers quick-turn relief funding of $5,000 for those prepared businesses after a federal disaster declaration is made in their region.
Deadline: Ongoing
Apply here: uschamberfoundation.org
Amazon Black Business Accelerator
If you’ve got a shop on Amazon (or are thinking about starting one), then this grant program is for you. Accepted businesses get access to mentorship along with FREE imaging services for up to 50 products, $500 credit for start-up and operational costs, and up to $3,000 in advertising credits. Select sellers will also be able to apply for additional cash grant opportunities.
Deadline: None, but don’t wait!
Apply here: sell.amazon.com
Amazon Amplify
The Amazon Black Business Accelerator also offers Black-owned businesses access to its Amplify program. The business education program offers a cohort learning experience, including a dedicated Customer Success manager, a network of industry experts and business consultants, and peer group mentorship.
Deadline: None, but don’t wait!
Apply here: sell.amazon.com
Etsy Disaster Relief Grant Application
The Etsy Fund at CERF+ provides disaster relief grants of up to $2000 to U.S.-based Etsy sellers on a rolling basis based on available funds. Sellers are eligible to apply for a disaster emergency relief grant within one year of experiencing a natural disaster. Must be an active seller on Etsy for at least one year with an Etsy account in good standing.
Deadline: Ongoing.
Apply here: advocacy.etsy.com
Business Funding
Many small businesses are underserved by traditional lenders, with Black business owners continuing to have a higher rejection rate than White business owners. We’ve connected with a service that offers financing and term loans to businesses that have been in operation for at least four months with $8K-$10K monthly revenue. They even help with repairing credit.
Deadline: None
Learn more: wardfreedompath.com
S.P.U.R. Pathways
Shared Purpose, Unlimited Reach (S.P.U.R.) Pathways is a multiyear, multifaceted funding program in partnership with Momentus Capital to provide financial support to diverse-owned and underrepresented growth-stage businesses. The program is currently offering loans or investments of $20K and above, along with access to an advisory network for strategic growth advice such as business strategy and planning, financial reporting, daily operating challenges, opportunity evaluation, and other personalized services.
Deadline: Ongoing.
Apply here: macys.com
Start Small, Think Big
The nonprofit has established partnerships to offer free legal, finance, and marketing resources and small business support to BIPOC entrepreneurs, women, LGBTQIA+ entrepreneurs, immigrants, veterans, entrepreneurs with disabilities, low-income entrepreneurs, and formerly incarcerated entrepreneurs.
Must be currently operational and have at least $500 in sales within the past three months. Applicant must also have a household income under 750% of federal poverty guidelines.
Apply here: startsmallthinkbig.org
Minority Business Circle
Here’s another digital platform dedicated to empowering and connecting minority-owned small businesses, providing access to curated funding partners, resources, and virtual events.
Sign up here: minoritybusinesscircle.com
Be sure to bookmark this page as we update it frequently.
Did we miss something? Please feel free to email us deets at get@sadiaa.com.
