Verná found the mentorship services as part of the program helpful and informative. Now she owns Cake Café, a dessert shop that specializes in custom cakes and cake jars. Verná Mungin left a job she knew like the back of her hand to go to culinary school. "It meant that we were able to help out the community by sponsoring nonprofits throughout the year helped us expand our business to a more permanent location in a shipping container."Ī lot of today's small business owners left the corporate world to pursue their passions. "Winning the Venmo grant meant quite a bit to us," said Craig. This has grown into his business today, Grow for Good 417, a shop that sells plants, unique garden art, and hosts plant parties.Īccording to Craig, he turned to Venmo because it "helps me build my community by accepting payments for the plants I sell at ease-even if I don't have a credit card reader on hand." This passion continued throughout college and in the years after graduating where he and his partner started to donate plants to nonprofit auctions in order to clear out space. Growing up on a small farm, Craig Granger spent most of his time working with plants and helping his grandmother raise money for the Memphis Botanical Gardens. Last year's Venmo Small Business Grant recipients used the grant to grow their businesses in several ways: Since the launch of Venmo business profiles in February 2021, more than 2.5 million small businesses have created profiles to organize, market, and grow their business cost-effectively. "We're excited to bring the program back this year to provide financial support and mentorship for small businesses, the backbone of our economy." "When the Venmo Small Business Grant program first launched last year, we received nearly 15 times the number of applications we expected, demonstrating the substantial need for additional support among the small business community," said Erika Sanchez, Vice President and General Manager, Venmo. These resources are provided in partnership with Start Small Think Big, along with skilled PayPal and Venmo employees who will provide mentoring, coaching, and pro bono services.Īs part of PayPal's ongoing commitment to advancing racial equity and creating an inclusive economy, the selection process for Venmo Small Business Grants will also help to support the growth of small businesses in underrepresented communities. In addition to providing a financial grant, the Venmo Small Business Grant program provides recipients with access to technical expertise and mentorship on topics such as legal services, financial analysis, digital marketing, and more.
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