LegalZoom has teamed up with the NBA, WBNA, and NBA G League to assist communities by helping small business owners. Fast Break for Small Business is a $6 million commitment in grants and LegalZoom services to help thousands of small businesses all over the country, and Accion Opportunity Fund is the nonprofit administrator of the program.
ABOUT:
LegalZoom, the NBA, WNBA, and NBA G League are committed to helping small business owners everywhere, especially those who face obstacles because of who they are, who they love, or how they identify. Starting at NBA Tip-Off, the first of six grant cycles will open in this multi-year program. Here’s how this first cycle will work:
- $10,000 grants and $500 in LegalZoom services to 50 small businesses
- $500 in LegalZoom services to 950 additional small businesses
- Grantees and LegalZoom services recipients will be notified and issued grants and LegalZoom services in January 2022
ELIGIBILITY:
Small businesses are eligible to apply for a grant through Fast Break for Small Business if they meet the following criteria:
- Must be based in the United States
- Must have been in business for at least 6 months
- Must have an annual revenue of less than $1 million
- Must not be in one of these prohibited industries
DOCUMENTATION:
- Most recent business tax returns [if business is more than 12 months old]
- A copy of your business license OR sole proprietorship formation document [if business is between 6 and 12 months old but does not have a business license OR sole proprietorship formation document, the business is not eligible for this opportunity]
- A front-and-back color copy of the business owner’s government-issued identification [Acceptable identification includes a driver’s license, federal government employee ID card, passport, permanent resident card, alien resident card, or matricula consular]
- All pages of the most recent business bank statement
- A completed W9 form for the business bank account referenced above: click to download
- A completed ACH form for the business bank account referenced above: click to download
APPLICATION:
Applications for the first grant cycle will be open from October 14 to November 23, 2021
Visit website to apply and learn more. Incomplete applications will not be considered.