Juvia’s Place, a Black-owned cosmetics brand based in Secaucus, announced on Monday it has launched $300,000 worth of business grants for Black entrepreneurs in response to the systemic challenges faced when trying to obtain financing for their businesses.
“As a Black-owned business, I understand first-hand the financial obstacles Black entrepreneurs face. I started Juvia’s Place with just $2,000 and a dream. I, like so many others, didn’t have access to lending or a trust fund. My business was built with minimal financial resources, but I had a supportive community to lean on. That community support was essential to my business growth. I found mentors and customers that believed in my product, and helped to make my dream a reality. I appreciate the support, and want to make sure I can provide an opportunity to other Black entrepreneurs who are looking to grow their businesses,” Chichi Eburu, founder, Juvia’s Place, said.
To apply for one of the six $50,000 grants, you must answer “yes” to these questions:
- Is your business Black-owned?
- Are you a United States resident or citizen?
- Is your business headquartered in the U.S.?
- Is your 2019 business gross income between $1,000 and $250,000?