Faire’s small business grants are part of Open with Faire, a program that aims to help new shop owners stock their stores. (Photo courtesy of Faire.)
SAN FRANCISCO – After a successful launch last year, Faire is expanding its small business grant program, committing $100,000 to help independent retailers in the U.S. and Canada grow and open new stores in 2025.
“After seeing the impact of last year’s initiative, we are excited to continue supporting entrepreneurs who are shaping their local communities,” wrote the online wholesale marketplace in its announcement.
The small business grant program is part of Open with Faire, a program that aims to help new shop owners stock their stores “without exorbitant upfront costs.” Through the program, retailers can access up to $20,000 in inventory credit with no added interest or fees, allowing them to launch fully stocked without depleting their capital. Since the inception of Open with Faire, the company has extended more than $150 million in inventory credit to more than 25,000 small businesses across the U.S., Canada and Europe.
“Many small business owners have limited funding options – and in some cases, no access to traditional banking at all,” said Lauren Cooks Levitan, president of Faire. “Cash flow remains one of the biggest challenges for new shop owners, often making it difficult to secure the capital needed to open a store. We’re thrilled with the success of Open with Faire, and with the addition of our small business grant, we’re excited to help even more independent retailers bring their dream stores to life in 2025.”
Last year, Faire awarded $60,000 in grants to small businesses across various industries, helping entrepreneurs from diverse backgrounds. The 2025 grants will be awarded as a $5,000 Faire credit to be used for inventory purchases on the platform. Retailers in the U.S. and Canada can learn more and apply online at Faire’s website.
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Credit: homeaccentstoday.com
