New Small Business Grants Available from Intuit QuickBooks

Rhea-AI Summary

Intuit, the financial technology platform known for TurboTax, Credit Karma, QuickBooks, and Mailchimp, has launched the QuickBooks Grant Program as part of Small Business Success Month. This initiative will provide $200,000 in funding, awarding $10,000 each to 20 small business owners. The program aims to support small businesses with essential tools and resources to thrive. Applications are open from May 28 to June 30, 2024. Each recipient will also receive three months of mentorship, including access to webinars and digital tools like QuickBooks and Mailchimp. The initiative aims to address the ongoing challenge of capital access for small businesses amid economic uncertainties.

Positive

• Intuit is providing $200,000 in funding to small businesses.
• 20 small business owners will receive $10,000 each.
• Recipients will get three months of valuable mentorship resources.
• The program includes participation in Intuit’s Adopt a Small Business program.
• Access to a series of webinars focused on business success strategies.
• Program addresses critical needs amid economic challenges such as high interest rates and inflation.

Negative

• Applications for the grant are to a short window from May 28 to June 30, 2024.
• Only 20 businesses will be selected, leaving many applicants without funding.
• The economic environment remains challenging for small businesses despite the grant.

Program Will Unlock $200,000 In Funding For Small Businesses

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Intuit Inc. (Nasdaq: INTU), the global financial technology platform that makes Intuit TurboTax, Credit Karma, QuickBooks, and Mailchimp, announced the QuickBooks Grant Program, which will award 20 small business owners $10,000 each and business mentorship resources to help drive their success. The program is one of several activations for Intuit’s Small Business Success Month, which recognizes and celebrates small businesses and provides tools, resources, and funding to fuel their growth.

Small business owners in the U.S. can apply for the QuickBooks Grant Program (Photo: Business Wire)

“Helping small businesses thrive is critical to our communities and our economy, but access to capital continues to be a challenge many entrepreneurs face,” said Emma Rodgers, Senior Vice President of Marketing & Revenue at Intuit QuickBooks. “QuickBooks is focused on supporting all small businesses with the tools and resources they need to grow and succeed. With the launch of this new grant program we look forward to delivering impactful funding that can help make business dreams a reality and power prosperity for the small business community.”

Small business owners in the U.S. can apply for the QuickBooks Grant Program at quickbooks.com/grants and applications will be accepted from May 28 to June 30, 2024, at 11:59pm PT. As part of the application, businesses will be asked to submit a brief essay describing how the grant award will help them overcome business challenges or achieve a dream for their business. Full eligibility requirements and details of the judging criteria are available here.

In addition to being awarded with $10,000, each of the 20 business owners will also receive access to three months of valuable mentorship resources to help them on their entrepreneurial journey. This includes six weeks participating in Intuit’s Adopt a Small Business program and access to a series of webinars focused on helping entrepreneurs set a strong foundation for business success. Through this mentorship programming, small businesses will also learn how digital tools and platforms like QuickBooks and Mailchimp can help unearth key business insights, accelerate money movement, streamline processes, help find and connect with customers, and more.

According to the Intuit QuickBooks Entrepreneurship in 2024 Report, nearly a quarter of U.S. consumers said they plan to start a new business in 2024, and two-thirds believe that starting a business is a better path to building personal wealth, even when compared to buying a house. Even with small business formation at historic highs, both new and established small businesses alike continue to face an environment of tightened credit availability due to economic headwinds, including high interest rates and inflation. Because of this, increasing access to small business funding continues to be so critical.

Visit quickbooks.com/grants for more information about the QuickBooks Grant Program and to apply.

About Intuit

Intuit is the global financial technology platform that powers prosperity for the people and communities we serve. With approximately 100 million customers worldwide using products such as TurboTax, Credit Karma, QuickBooks, and Mailchimp, we believe that everyone should have the opportunity to prosper. We never stop working to find new, innovative ways to make that possible. Please visit us at Intuit.com and find us on social for the latest information about Intuit and our products and services.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240528201582/en/

Intuit QuickBooks:

Dan Mahoney

dan_mahoney@intuit.com

Jen Garcia

Jeng@accesstheagency.com

Source: Intuit Inc.

FAQ

What is the QuickBooks Grant Program?

The QuickBooks Grant Program is a new initiative by Intuit to provide $200,000 in funding, awarding $10,000 each to 20 small business owners along with mentorship resources.

How much funding does the QuickBooks Grant Program provide?

The program provides a total of $200,000, with $10,000 awarded to each of 20 small business owners.

When can small businesses apply for the QuickBooks Grant Program?

Applications are open from May 28 to June 30, 2024.

What additional resources do grant recipients receive?

Recipients receive three months of mentorship, including participation in Intuit’s Adopt a Small Business program and access to webinars.

What is the purpose of the QuickBooks Grant Program?

The program aims to support small businesses with essential funding and resources to help them overcome challenges and achieve business success.

Who is eligible to apply for the QuickBooks Grant Program?

Small business owners in the U.S. who meet the eligibility criteria outlined on quickbooks.com/grants can apply.

How will the QuickBooks Grant Program impact small businesses?

The program will provide financial support and mentorship, helping small businesses thrive amid economic challenges such as high interest rates and inflation.