Lowe’s announced Wednesday that it would assist minority-owned businesses with $25 million in grants to support efforts to relaunch the American economy.. Lowe’s is dishing out the funds to help small businesses, especially home improvement professionals, in need of masks, personal protective equipment and other supplies to operate safely. Lowe’s donation will fuel emergency grants in historically underserved communities, as well as other assistance, to help owners navigate business challenges during the pandemic. Screen shot from Lowe's website. Grants will be made in the amounts of $5,000, $7,500, $10,000 and $20,000. "These are going to be minority businesses and other businesses that are now starting to reopen," Lowe's CEO Marvin Ellison said. To qualify for such a grant, a business usually must meet specific criteria. Lowe's said it will donate $25 million toward small business grants in rural communities, in addition to $30 million in grants for minority-owned businesses. In response to the overwhelming need to help support small businesses across the country, Lowe’s Companies, Inc. is announcing it is increasing its minority small business grants from $25 million to $30 million while donating an additional $25 million to its small business grant program with the Local Initiatives Support Corporation (LISC), doubling the amount already committed. Lowe’s opens applications for the first wave of its $25 million in minority small business grants. GREEN BAY, Wis. (WBAY) - Lowe’s is giving away $55 million in grants to small businesses that are struggling during the pandemic. "Lowe's has been committed to helping minority small business owners – the very backbone of our economy – rebound from the COVID-19 pandemic's devastating impact," said Lowe's President and CEO Marvin R. Ellison. Minority business grants enable minority business owners to get the funding they need for their businesses. But if the city you call home doesn’t have a minority-focused initiative for small business grant opportunities, take a look at the selection below. More than half of the funding—$30 million—will be distributed as minority small business grants. Lowe’s Launches LISC Grant Program for Minority and Women-Owned Businesses. Business Grants for Minorities. (RTTNews) - Home improvement retailer Lowe's Companies Inc. (LOW) increased its minority small business grants to $30 million from $25 million, while donating an … Grants offered through MBDA are competitive, but the funding can be as much as $300,000 depending on your business’s project. Lowe’s is accepting applications for its $25 million grant program for minority- and female-owned small businesses — but they need to act fast. $20,000.00 Business Grants from Lowe’s (Applications open July 27th) Apply for a Grant to Receive Assistance Across the United States, small businesses that form the economic backbone of our communities now face immediate – and oftentimes, crushing – financial pressure because of … Lowe’s is offering small business relief grants through its LISC (Local Initiative Support Corp.) Partnership. There are many loans available for minorities, but few grants, just like veterans. Federal Grants Available to Minorities. We provide free tools to help these businesses succeed. All told, Lowe’s is giving away $55 million in grants to small businesses toiling with COVID-19. "Helping people make their homes better extends beyond our walls and into our neighborhoods, communities and country," said Lowe's President and CEO Marvin R. Ellison "We're proud these grants will help minority- and women-led small businesses, many of which have been disproportionately impacted by the pandemic. Claim: Lowe's was giving $25 million in grant money to minority-owned businesses reopening amid the COVID-19 pandemic, while the founder of Home Depot gave millions to U.S. President Donald Tru… Home improvement retailer partners with LISC to administer this round of grants to help minority- and women-owned small businesses reopen and stay open Despite what the late-night infomercials want you to believe, the federal government does not provide grants for business expansion and growth. Lowe’s offers first wave of $25M in minority-owned small business grants. The home … Resource: Small Business Grants. Grants.gov is the source to find and apply for federal grants. Up to 900 small businesses will be assisted by the Rural Relief Small Business Grants. 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