New Venmo Small Business Grant Program to Support Emerging and Small Businesses
According to a U.S. Bank study, 82% of businesses that failed cited cash flow problems as a factor in their failure.1 In addition to providing a financial grant, the Venmo Small Business Grant program will provide recipients with access to technical expertise and mentorship on topics such as legal services, financial analysis, digital marketing and more. These resources will be provided in partnership with PayPal community partners, Start Small, Think Big and Taproot Foundation, along with PayPal and Venmo employees who will provide mentoring, coaching and pro bono services.
“The last two years have been tremendously difficult for small businesses in communities across the United States, like your local dog walker, barber and florist. Nearly 200,000 U.S. businesses2 have been forced to close because of the pandemic,” said Denise Leonhard, Vice President of Venmo. “Small businesses are vital to a healthy economy and thriving…
