The 2024 Support Latino Business Impact Fund Grants are being offered by Support Latino Business to honor the contributions of the Latino/x community. This initiative coincides with the sixth annual Support Latino Business Day, celebrated on September 14, and aims to recognize the economic impact of Latino/x entrepreneurs. A total of $10,000 in grants will be distributed through this program, with four winners each receiving $2,500. The application process is open to eligible businesses that meet specific criteria.

The primary purpose of the grant is to support Latino/x-owned businesses by providing financial assistance that can help them grow and thrive. The objectives include celebrating the achievements of Latino/x entrepreneurs and fostering a supportive environment for their continued success. This grant program is designed to empower business owners who have demonstrated resilience and innovation in their respective fields.

Funding for the grants ranges from $1,000 to $10,000, with each of the four selected winners receiving $2,500. The funds can be utilized for various business-related expenses, although specific uses are not detailed in the grant description. It is important for applicants to understand that only the first 150 eligible applications will be considered for funding, emphasizing the need for timely submission.

To be eligible for the grant, applicants must meet several criteria. They must have at least one Latino/x founder who holds at least 50% ownership of the business. Additionally, the business must be a legally registered for-profit entity in the United States and must have been operational for at least one year prior to September 2023. Applicants must also be at least 18 years old and reside in the U.S., including the District of Columbia and U.S. territories.

The submission process requires applicants to provide detailed answers to specific questions that will be evaluated by the directors of Support Latino Business. The judging criteria include the quality and substance of the responses, the clarity of the business pitch, and the context and specificity of the applicant's business journey and future goals. This structured evaluation process aims to ensure that the most deserving businesses receive the grants.

The application deadline for the 2024 Support Latino Business Impact Fund Grants is October 1, 2024. Interested applicants are encouraged to prepare their submissions in advance to ensure they are among the first 150 eligible entries. It is advisable for potential applicants to follow Support Latino Business on social media and to join the SLB Directory Network to enhance their visibility and engagement within the community.

For more information about the grant and to access the application, individuals can visit the official website at supportlatino.biz. This resource provides further details on the application process and additional support for Latino/x entrepreneurs seeking to apply for the grant.