Cadence Cash Thrive Grant

Grant Overview

Donor: Cadence Cash

About: Cadence Cash, a financial services provider committed to supporting small businesses, has introduced the quarterly Thrive Grant, offering $5,000 to eligible entrepreneurs. This grant aims to empower small businesses, particularly those that positively impact their communities, by providing financial assistance to bridge funding gaps and foster growth. The Thrive Grant is part of Cadence Cash’s broader mission to not only fund but also equip entrepreneurs with the knowledge, tools, and resources needed to build sustainable financial foundations. A notable recipient of the Thrive Grant is A Place at the Table, a pay-what-you-can cafe led by Maggie Kane, which has served over 108,000 meals and created an inclusive community space. The grant helped the cafe continue its mission of providing food to the community, demonstrating the tangible impact that even smaller grants can have on local businesses and their surrounding areas. The Thrive Grant is awarded quarterly, with specific application periods and review deadlines announced for each cycle. Eligible businesses must demonstrate a positive impact on their communities, have been operating for at least one year, and generate revenue, with a preference for those directly impacting underrepresented communities. The grant is intended to support business growth and community impact, with a rigorous review process ensuring that funds are allocated to deserving applicants. Cadence Cash is dedicated to fostering strong, vibrant communities by supporting small businesses, which are vital for job creation, economic contribution, and innovation. Through the Thrive Grant and additional resources, Cadence Cash aims to empower entrepreneurs to make a meaningful difference in their communities.

Focus: Small businesses impacting communities, underrepresented communities

Region: United States

Eligibility: -Open for small businesses only -Minimum one year operating history -Minimum annual revenue of USD 35,000 -Positive community impact -Legally formed under US law and operating within the US -Priority for businesses directly impacting underrepresented communities –Grant applications must be completed through the official Cadence Cash Thrive Grant Application Form —Incomplete or non-compliant applications will be disqualified -Preference for businesses creating jobs, innovating products, or enhancing product/service accessibility -Priority for underrepresented communities

Benefits: -Quarterly grant of USD 5,000 -Funding for business growth and community impact -Expert guidance, advanced technology, and community connections -Grants play a critical role in supporting small businesses

Deadline: -Q1: March 31 -Q2: June 30 -Q3: September 30 -Q4: December 31

Terms:
-Grant: Funding provided to support specific projects or initiatives, typically with conditions and reporting requirements.
-Quarterly: Occurring every three months, referring to the frequency of the grant award.
-Underrepresented Communities: Groups that have historically lacked representation and access to resources, often due to systemic barriers.
-Pay-what-you-can Cafe: A dining establishment where customers can pay what they feel is appropriate for their meal, aiming to make food accessible to all regardless of financial means. -Revenue: The total amount of money received by a business from its activities, typically from sales of goods or services.
-Seed Funding: Initial capital provided to start a business, often in exchange for an equity stake.
-Annual Revenue: The total income generated by a business in a year.
-IRB or IACUC: Institutional Review Board or Institutional Animal Care and Use Committee, bodies that oversee and approve research involving human subjects or animals.
-Preclinical Research: Studies conducted to gather data and ensure safety before human trials, often involving animal testing.
-Clinical Research: Studies involving human participants to evaluate the effects of treatments or interventions.
-Peer-review: A process where research or applications are evaluated by experts in the field to ensure quality and validity.
-Grant Cycle: The period during which grant applications are accepted, reviewed, and awarded.
-Grant Recipient: An individual or organization that has been awarded a grant.
-Community Impact: The effect of a business or organization’s activities on the local community, often measured in terms of social, economic, and environmental outcomes.