Facebook is offering a SME grant for small businesses.
Here are the details:
In Singapore, we are offering approximately SGD $4,750,000 in grants to approximately 800 eligible small businesses. Each grant amounts to SGD $5,500 comprising of SGD $3,500 in cash and SGD $2,000 in optional ad credits to help during this challenging time. (All numbers are approximate)
Small businesses do not need to have a Facebook presence in order to initially apply for the grant.
Here are a few of the requirements to see if your business is eligible to apply:\
- Be a for-profit company
- Have between 2 and 50 employees as of 1 January 2020
- Have been in business for over a year
- Have experienced challenges from COVID-19
- Be located in Singapore
- Small businesses in Singapore can submit their application between 16 - 22 September 2020 .