Driving Small Business Forward
A grant program supporting Hispanic entrepreneurs in partnership with Progressive® Commercial Insurance
As the #1 commercial auto insurer in America1, Progressive understands small businesses and is committed to providing solutions to help meet their needs. According to McKinsey & Company2, Hispanic entrepreneurs start more businesses per capita than any other racial or ethnic group in the United States, yet they face more challenges getting loans or capital from the investment community. Progressive would like to support these business owners with funds to take their business to the next level.
The Driving Small Business Forward fund will provide $25,000 to ten small businesses towards the purchase of a commercial vehicle to accelerate their business.Applications Closed
Now Accepting Applications
Applications are now open for one of ten $25,000 grants for use toward the purchase of a commercial vehicle.
Eligible small businesses must be:
- Majority (51%+) owned and operated by Hispanic-identifying entrepreneur(s)
- Have 10 or less employees
- Have less than $5M in annual gross revenue
- Have a demonstrated need for a commercial vehicle to run your business
Applications for the Driving Small Business Forward Grant Program are open from May 9, 2022 at 9 a.m. ET until June 17, 2022 at 6 p.m. ET. Applications will be reviewed by a committee according to the criteria outlined in the terms and conditions. Recipients will be notified by email and publicly announced in mid-August.
Prepare and Protect Your Small Business
As a small business owner, you're faced with a variety of risks that can damage the financial health and productivity of your business.
This downloadable guide from Progressive can help you identify your business's risks and suggests practical ways to protect against them. The better you're prepared, the more likely you'll be able to overcome a potentially devastating situation and keep your business strong and productive.Access the guide
About Progressive® Commercial Insurance
With over 50 years of experience, Progressive Commercial Insurance offers a full range of business insurance products featuring competitive rates and first-class service. They offer customized insurance solutions for commercial vehicles, as well as business insurance coverages including general liability and business owners policies, workers' compensation, professional liability and more. Progressive is a Fortune 100 company and trusted by thousands of small business owners to protect their livelihood.
1 No. 1 commercial auto insurer from SNL Financial's 2021 National Written Premium Data
2 McKinsey & Company: Economic State of Latinos in America: The Economic Dream Deferred.
The Driving Small Business Forward Grant Program is sponsored and administered by Circular Board, Inc. dba Hello Alice. The Program is supported by Progressive Casualty Insurance Company. Void where prohibited. Must be 18+ to apply. Open to residents of the U.S. and D.C. No purchase necessary. See terms and conditions for additional information and eligibility criteria.