discover credit card grants: Would $25k help you?
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Although, many black owned restaurants may not qualify for the discover credit card grants, it’s definitely a push in the right direction. It’s truly unfortunate this group of restaurant owners continue to struggle, while other groups get support. This problem in the restaurant industry itself is a pandemic. Who can qualify for the discover credit card grants?
These $25k grants will be issued to 200 struggling black restaurant owners. Discover is excited to be apart of a social movement to help a group that are at an economic disadvantage.
What are the rules to get the discover credit card grants?
A wide range of places beyond a typical sit-down establishment are eligible to win including food trucks, ice cream parlors, bakeries and coffee shops. Anyone can make up to five nominations per platform and you do not have to be a Discover cardholder to cast your vote. In order for a restaurant to qualify it must be at least 50% Black-owned and located in the U.S. A business does not need to be a Discover merchant to be eligible to win.
How do I enter the $25k discover credit card grants?
Nominations can be made on the following social media platforms:
Do I need to have a credit card to get the $25k discover credit card grants?
* No purchase necessary. A purchase will not increase chances of winning. Begins 12:00 AM ET on 7/6/20 & ends 11:59 PM ET on 10/31/20. Void where prohibited. For Official Rules, visit EatItForwardTerms.com.The Discover Eat It Forward Program is sponsored by Discover Products, Inc., 2500 Lake Cook Road, Riverwoods, IL 60015. Nomination portion of the Program is open to legal residents of the U.S., age of majority. Maximum 5 entries per social media platform. Winning restaurants must be at least 50% Black-owned, located in the U.S. and eligible as specified in the complete Official Rules. Prizes (200): $25,000, awarded in the form of a check to each winning restaurant. The total value of all prizes is $5,000,000. The odds of a restaurant winning a Prize in a random drawing will depend on the number of eligible entries received by the end of each Entry Period.
Conclusion:
If you’re a black restaurant business owner struggling to get funding to stay open, you may qualify for $25k discover credit card grants.
From now through Oct. 31, 2020, consumers can go to Discover’s Facebook, Twitter and Instagram pages to nominate their favorite Black-owned restaurant, and 200 nominees will be randomly selected to receive $25,000*.
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Beyonce free grant money: Do You Qualify For $10k?
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***BUSINESS CREDIT AMERICA, INC, NOR ANY OF IT’S WEBSITES OR ASSOCIATES ARE NOT ASSOCIATED OR AFFILIATED WITH ANY OF THE NAACP OR BEYONCE ORGANIZATIONS.***
As many black owned small businesses struggle to get financial support from banks, Bayonce and the NAACP has decided to step up.
Who qualifies for the Beyonce free grant money?
Unfortunately, due to the continuation of the country’s economy struggle because of the covid-19 pandemic and the protesting, black business owners have been affected the most.
This is the reason Beyonce and The NAACP organization has made the criteria to qualify very simple.
Easy-to-Apply Grant Application Criteria
What cities can apply for the $10k Beyonce free grant money?
Although, there have been multiple black owned businesses across the country that’s been impacted from the protest and the pandemic. There were only a few selected cities that will be eligible.
Eligible grant cities include:
Is there a timeline to apply for the $10k Beyonce free grant money?
As with all other grants, this free grant from Beyonce this have a time frame to apply.
Timeline:
Conclusion:
As small black business owners to struggle to get the financial help they need, Beyonce and the NAACP organization has partnered up to give $10k grants to a selected few.
They make the qualifications fairly simple for black owners to apply. If you are a struggling small black owned business that could use a $10k free grant then you apply, now.
via Blogger Beyonce free grant money: Do You Qualify For $10k? Business Credit 2020 | How To Get $50k Business Credit Cards Without Dun And Bradstreet Number?7/1/2020
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via Blogger Business Credit 2020 | How To Get $50k Business Credit Cards Without Dun And Bradstreet Number? business credit building: what's need for business funding?
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Is business credit building the fastest way to business funding? We'll if your really don't know, this short blog will answer your questions.
How do I start business credit building?
How many credit bureaus are used for business credit building?
Experian Intelliscore Plus. This score ranges from 1 to 100 and predicts the level of risk associated with a business.
Equifax business risk scores. Equifax offers several different scores, including the Equifax Credit Risk Score, which ranges from 101 to 992 and reflects the risk of severe delinquency on any account.
FICO Small Business Scoring Service. This score ranges from zero to 300 and is based on a combination of factors that include business and personal credit history. The U.S. Small Business Administration uses SBSS to make lending decisions on certain small business loan programs, including 7(a) loans.
Dun & Bradstreet Paydex. This score ranges from 1 to 100 and shows not just whether you pay your bills on time but also when you've paid. "The Dun & Bradstreet performance-based rating is designed to predict the reliability of the company and the likelihood that the business will pay its bills on time," says Amber Colley, senior vice president at Dun & Bradstreet.
Can business credit building be accomplished with bad credit?
Unfortunately, there are no unsecured business credit cards for bad credit, but there are unsecured personal credit cards for bad credit that business owners can still use. ... Secured credit cards are better for small business owners with bad credit. They're easier to get because they require a security deposit to open the account.
How do I start business credit building without my personal guarantee?
If you are careful with spending and diligent with payments, you could set yourself up for a no personal guarantee credit card.
Will I be able to get credit while building business credit?
Surprisingly, there are several easy approval business credit cards. That's because the easiest business credit cards to get only require fair or bad credit. They include Capital One Spark Classic for Business, the Staples Business Credit Card, and the Wells Fargo Business Secured Credit Card.
What's the benefit of having a Dun's number, while building business credit?
In the business credit building process does the dun's number replace the federal tax id?
A DUNS number is different from your federal tax ID (EIN) number. A DUNS number is used for business credit reporting purposes, whereas an EIN is issued by the IRS and used for tax identification purposes.
Conclusion:
If you're starting on your business credit building journey, the're are a few things you must know.
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