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SmartBiz Awards $25,000 in Grants to Minority-Owned Small Businesses

SmartBiz Awards $25,000 in Grants to Minority-Owned Small Businesses
Written by Publishing Team

San Francisco–(work wire) –SmartBiz Loans®SBA’s leading microfinance and bank term loan platform, has announced five new recipients of SmartBiz 2021® scholarship programme. The program was created to support minorities, women and veteran business owners during the ongoing pandemic and is an extension of the company’s mission to help provide entrepreneurs with reliable access to smart capital.

In the last quarter of the year, SmartBiz awarded five grants worth $5,000 totaling $25,000 to small businesses in the United States as part of the program. Recipients were selected from a pool of eligible minority, women, and veteran-owned businesses who applied and identified how they would use the funds to help their businesses meet new challenges and move forward.

“The SmartBiz team is committed to empowering entrepreneurs across the United States,” says Evan Singer, CEO of SmartBiz. “From supply chain issues to staffing issues, we know brighter days are coming and we are proud to contribute to rebuilding small business.”

Among the scholarship recipients is Jasmine Parker, owner Listen to Art Therapy and Empowering Services, LLC It is located in Spring Hill, Florida. The organization offers art therapy sessions to help teens solve problems, increase self-esteem, build social skills, and manage behavior. The grant funds will be used to expand their mobile services.

Ileana Stefanitsis, Owner Molos Restaurant, is to use employee uniforms proceeds and vendor payments. Molos Restaurant is a Mediterranean and Greek inspired seafood restaurant located on the Hudson River in New Jersey.

MPower FitnessLtd., located in Palm Coast, Florida, is owned and operated by Fatima Keo Sina. Grant funds will be used to purchase gym equipment so you can work with an older demographic and for print advertising to reach that community.

Freedom Bremner describes himself as a singer, songwriter, and storyteller. is founder Houseofreedom, LLC in New Jersey. The money will be used for social media and online marketing to promote live music production services.

Owned and operated by Brandi Dobbins Biz Maple House Restaurant In Ontario, California. Founded in 2020, B’s Maple House specializes in soul food, blending California flavor with traditional Southern delights. Grant funds will help support day-to-day business operations and the purchase of new equipment.

SmartBiz has committed to supporting an ongoing grant program for minority, women, or veteran-owned businesses.

ABOUT SMARTBIZ LOANS

SmartBiz is the leading AI-powered small business finance platform for SBA and bank term loans, providing entrepreneurs with access to the right capital at the right time. To date, SmartBiz has tied borrowers with more than $9 billion in SBA 7(a), PPP, and bank term loans while increasing efficiency for its network of banks and trusted lending partners. More than 60% of the loans financed by our banks are to minority, women and veteran-owned businesses. Over 230,000 entrepreneurs have used SmartBiz to access the financing they need to grow.

Founded in 2009 and headquartered in San Francisco, SmartBiz is backed by Venrock, Investor Growth Capital, First Round Capital, Baseline Ventures, and Uncork Capital. Learn more at smartbizloans.com.

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