Faire’s Small Business Grant for Opening New Retail Stores

Donor: Faire

About: Faire’s Small Business Grant program is designed to support new retail businesses by providing financial assistance of $5,000. This initiative aims to help aspiring entrepreneurs successfully open their retail stores, overcoming the initial expenses and challenges associated with starting a new business. The grant is particularly beneficial for retailers planning to open soon and who have prior funding. Applications open quarterly, and interested retailers can submit their details to be notified when the application process begins.

The grant program not only offers financial support but also provides access to Faire’s wholesale marketplace, where retailers can find unique, high-quality products to stock their stores. Additionally, grant applicants are automatically considered for up to $20,000 in interest-free financing to purchase inventory, further aiding their business launch.

Key features of Faire’s wholesale marketplace include:
– Risk-free ordering with free returns on first orders, low order minimums, and free shipping.
– Delayed billing options, allowing small stores more time to sell their products before payment.
– A wide range of products from high-quality brands across the globe, including handmade and eco-friendly items.

Faire’s platform is designed to support small businesses, offering educational resources and a step-by-step playbook for opening a retail store. This comprehensive support helps new business owners determine what to stock and how to increase their success rates.
Faire’s commitment to leveling the playing field for small businesses makes it an ideal partner for entrepreneurs looking to enter the retail market. With its extensive resources and financial assistance, Faire ensures that new retailers have the best chance of success.

Grantaura’s services i. grant research to find grants that are relevant and according to the eligibility criteria of the client’s business, ii. Document writing like business plans, financial planning, project planning, LOIs, pitch deck, etc. iii. Application submission on client’s behalf iv. Crowdfunding and all other relevant services can be utilized side by side with this amazing grant opportunity offered by Faire.

Focus: Retail, Wholesale, Small Business, Entrepreneurship

Region: Global

Eligibility:
– New retail businesses planning to open soon.
– Retailers with prior funding.
– Businesses that can benefit from Faire’s wholesale marketplace and educational resources.

Benefits:
– Financial grant of $5,000.
– Access to Faire’s wholesale marketplace.
– Consideration for up to $20,000 in interest-free financing for inventory.
– Educational resources and support for opening a retail store.

Deadline: Quarterly

Terms:
– Faire: Faire is an online wholesale marketplace where independent retailers can shop amazing wholesale products from thousands of brands—all on one, easy-to-use site.
– Open with Faire: A unique program for new independent retail businesses, created to provide financial assistance through access to credit, essential for purchasing all the inventory needed for a successful opening day.
– Faire’s Small Business Grant: Faire’s small business grant program offers new retail businesses $5,000 grants to help them stock their store with products from Faire.