As companies proceed to face financial uncertainties within the wake of the worldwide pandemic, Fb Singapore launched right this moment (16 September) a Small Enterprise Grant programme.
Roughly S$4.75 million in grants will likely be used to assist over 800 native small companies.
Every grant quantities to S$5,500, which incorporates S$3,500 in money and S$2,000 in non-obligatory advert credit.
Applications for the grant are open from 16 to 22 September 2020. Companies don’t must have a Fb presence with a view to apply.
To be eligible, the enterprise will need to have between two and 50 staff, been in enterprise for a couple of yr and skilled challenges as a result of pandemic.
Money Circulate Issues
Based on the State of Small Enterprise Report, an ongoing examine by the World Financial institution, OECD and Fb into small companies, greater than half (58 per cent) of SMBs surveyed in Singapore mentioned they’re involved about money stream within the coming months.
“Small companies are the center of our communities and the spine of our economic system. They’ve additionally been a number of the hardest hit by COVID-19, impacting lives and livelihoods for therefore many Singaporeans — and it’s extra necessary than ever for us to maneuver ahead collectively by way of these difficult instances,” mentioned Damian Kim, Nation Director of Fb Singapore.
“We’ve pulled collectively these sources to assist small companies right here, as we glance to play our half in supporting financial restoration and work to emerge stronger from the pandemic.”
Featured Picture Credit score: Reuters