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Flagstar Bank’s grant program purpose is to help for-profit small businesses in the key markets of Indiana (South Bend and Fort Wayne); California (High Desert of San Bernardino County) and Michigan that have been affected by the COVID-19 crisis with their operating expenses. Grant amounts will be $5k per business
To provide immediate financial support to BIPOC small businesses and entrepreneurs in Flagstar Bank’s market areas of Indiana, Michigan and California. This is to provide working capital grants to qualifying applicants.
You can download this information for your reference here
There is one round of applications for this program, as follows:
-Applications will go live: November 9.
-Applications due: November 20 by 5p.m.
-Applicants notified of grant decisions: December 4, by 5 p.m.
If awarded, funds will be issued within a few days of decision dates.
The following is a list of grant criteria and eligibility requirements:
How Do I apply for a grant?
Do I need a bank account in my business name to receive a grant?
Who should I contact with technical Difficulties submitting my application?
What is the application submission deadline?
What happens after submitting an application?
Is the information and data within my application held private?
Are grant awards taxable income?