2020 continues to be the year of the small seller on eBay.
The e-commerce platform introduces a new grant program, “Up & Running Grants,” aimed at helping small businesses stay operational online. This offer follows the August pilot of a personal loan program for small sellers, as well as recent launches of the BULQ platform allowing small sellers to resell excess inventory from large retailers and a Pinterest page. dedicated to small retailers.
The Up & Running Grants commits more than $ 500,000 in funding and education resources to existing business sellers to ensure sustainability beyond 2020. It will provide 50 small business sellers with a grant package of $ 10,000 each. The grants include $ 8,000 in cash and $ 2,000 in eBay credits.
In addition, recipients will also get privileged access to Seller School, a new virtual learning platform offering on-demand courses, videos and more to help eBay sellers; and direct training and coaching from expert sellers and eBay growth advisors. eBay partners with Hello Alice Business Accelerator to initiate the grant program application and to provide access to mentorship and resources to all sellers who apply, whether ultimately chosen for a grant or not. .
“Small businesses are the backbone of eBay, as well as the engine of jobs, progress and prosperity for communities across the United States,” said Jordan Sweetnam, General Manager and Vice President eBay’s principal North America. “The launch of eBay’s Up & Running Grants program comes at a time when small businesses need investment and empowerment the most. In such a difficult year, it was important that this program provided a financial bridge and long-term support – so that small businesses could keep their doors open today and lay the foundation for future success. “
From Monday 23 November to Friday 11 December 2020, eBay small business sellers can apply for Up & Running grants through a online application. Business sellers will be invited to share details of their small business and how they plan to use the grant to accelerate their growth. eBay seeks to identify sellers who represent a wide range of backgrounds, bring their unique experiences and inventory to the marketplace, and are committed to their communities and the eBay ecosystem.