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Block Advisors by H&R Block Now Accepting Entries for Second Annual ‘Fund Her Future’ Grant Program Created to Help Female Founders Thrive, Fuel Small Business Growth
Globenewswire· 2025-04-28 12:45
Core Insights - Block Advisors by H&R Block has launched the 2025 Fund Her Future grant program, offering a total of $100,000 in funding and a year of small business services to six women-owned businesses focused on community improvement [1][4] - The program aims to address the challenges faced by female entrepreneurs, who often encounter difficulties in accessing capital and resources compared to their male counterparts [2][3] Grant Program Details - Applications for the 2025 program are open from April 28 to May 30, 2025, with recipients to be notified by the end of July [5] - The program will award one business a grant of $50,000 and up to five additional businesses $10,000 each, along with access to Block Advisors' small business services valued at nearly $30,000 [1][4] Challenges for Female Entrepreneurs - According to the 2024 State of Women's Small Business Report, 42% of women business owners who applied for bank loans were not approved, and nearly 90% relied on personal finances and credit cards for funding [2] - The program recognizes the need for not just financial support but also trusted expertise to help entrepreneurs manage their businesses effectively [3] Success Stories from Previous Program - The 2024 Fund Her Future program received over 6,000 applications and awarded grants to five entrepreneurs, showcasing the potential for growth with the right resources [6] - Grant recipient Heather Jiang reported a 50% increase in online traffic after receiving the grant, while Erica Cole successfully launched a new collection in Walmart due to the funding and support [7] - Ameka Coleman anticipates a 400% increase in revenue from onboarding additional hospital networks, highlighting the significant impact of the grant on business growth [7]