Facebook is rolling out a $100 million initiative to aid small businesses hurt by coronavirus

In a recent blog post, Facebook announced, “We know that your business may be experiencing disruptions resulting from the global outbreak of COVID-19. We’ve heard that a little financial support can go a long way, so we are offering $100M in cash grants and ad credits to help during this challenging time.”

Small businesses around the world can use all the help they can get during the coronavirus pandemic that’s wreaking havoc on so many countries’ industries. Facebook’s move to hand out $100 million worth of grants and advertisement credits will lend some relief, but we’ll just have to wait and see how much aid this will truly provide for struggling small businesses worldwide.

Key takeaways:

$100M in cash grants and ad credits

Available for up to 30,000 small businesses

Program spans across 30 countries

Funds can be used flexibly (e.g. to pay for rent, operations, payroll, customer support, etc.)

→→ Learn more about Facebook business grants ←←