Women Owned: WFA’s Assistance Fund for Women Owned Small Businesses
What is the purpose of the grant?
The purpose of this grant is to sustain your business while you are under economic hardship due to COVID-19. The funds can be used for upgrades needed to change your business model to sustain revenue during this time or for general operating expenses (excluding sales tax, penalties and fees, and charitable donations).
How much is the grant for?
Grants will be distributed for the amount of $5,000.
Who can apply?
You must meet the following criteria to be eligible to apply:
- An existing business owned 100% by one or more women who are U.S. citizens
- Must be a for-profit corporation, partnership, LLP or LLC, or sole proprietorship. Not-for-profit corporations or similar non-profit entities are not eligible
- Employs fifty individuals or less
- Must be suffering economic hardship due to COVID-19.
- If the business or business owner owns the property from which the business operates, all property taxes must be current
- All sales tax, payroll taxes and other taxes must be current
- Must be located/operated within the state of Arkansas
- The business, business owner and applicant are operating with all required permits and licenses and are conforming to all required laws
How do I apply?
Read all instructions and FAQs before applying. You do NOT need to reapply if your application was successfully submitted in the first round. Applications can be submitted by completing the following:
- Complete the WFA COVID-19 Assistance Fund for Women Businesses Application here.
- Email all required documentation in a single PDF with the subject line “Women Owned followed by your business name” to firstname.lastname@example.org.
In addition to the application form you must submit required documentation. Please complete the application before submitting your documentation.
DOCUMENTATION (specified below) MUST BE SUBMITTED IN A SINGLE PDF FILE WITH THE SUBJECT LINE “Women Owned followed by your business name” to email@example.com.
APPLICATIONS THAT ARE NOT COMPLETE, not in a SINGLE PDF format, or contain the INCORRECT SUBJECT LINE WILL NOT register in our system and therefore, will not be reviewed.
To compile documents into a single pdf, scan them all in together. If you do not have access to a printer/scanner, there are various apps to do this. www.combinepdf.com will allow you to upload the separate documents and download them as a single pdf. If your documents are printed, Adobe Scan is a reliable free app available for both Android and iPhone that allows you to use your phone camera to take photos and compile them into a single PDF.
The second half of funding will be announced by Tuesday, May 26th, 2020.
Applications that were not funded in the first round will automatically be considered for the second round.
- Proof of woman-owned and controlled documentation that shows 100% ownership (Articles of Incorporation, Articles of Organization, Entity Type, Tax returns all show proof & are recommended ways of showing proof)
- If applicable, proof of minority ownership (If you do not possess a minority certification, provide Driver’s License or other identifying government document that states race)
- Federal ID/Tax Number (Federal IRS Determination Letter for Businesses, Current Schedule C for Sole Proprietors)
- If owned by more than 2 women, please include any business owner’s demographic information that was not recorded in the application in Step 1
Optional Documentation – We recommend including this documentation if it is readily available and/or applicable to your business.
- Any proof of women and/or minority owned certification
- DD124 for veterans
How will grantees be selected?
ALL businesses meeting the eligibility requirements above will have their applications considered. But applications will be prioritized based on the following areas. These are NOT required to apply but will be taken into consideration during the selection process.
- County – Businesses located in the following counties:
- Union, Conway, Lawrence, Cross, St. Francis, Desha, Jefferson, Drew, Chicot, Crittenden, Craighead
- Industry – Businesses operating in industries that have been mandated by state and/or local governments to shut down
- Minority Owned Businesses – 75% of funds will be granted to businesses owned at least 51% by a woman of color but the other 49% MUST be owned by another woman
- Referred by a WFA Partner Organization (Listed in the application form) – If granted funds, documentation of this referral will be required before funds are received.
When will grantees be announced?
Six grantees will be notified of their grant award by end of the day on Tuesday, May 26th, 2020. All applicants not awarded a grant will be notified via email the same day.
How can I support Women Owned?
The fund is open to public donations, so anyone can partner with us to support the state’s women owned small businesses in their time of need. WFA has witnessed the generosity of Arkansans when it comes to supporting women and the ripple effect it has had in communities for the last 22 years. Contribute to the fund here.