Fast Break for Small Business

Fast Break for Small Business is sponsored by LegalZoom, Accion Opportunity Fund. LegalZoom has partnered with the NBA, WNBA, and NBA G League to give over $6 million in grants to small business owners through the Accion Opportunity Fund. This program provides grant money and LegalZoom services to recipients.

Ongoing Support After Fast Break for Small Business Ends Ongoing Support After Fast Break for Small Business Ends Fast Break for Small Business Game-changing resources for business owners. Fast Break for Small Business was a groundbreaking multi-year $6 million commitment to help thousands of small businesses across the country with small business grants and LegalZoom services.

LegalZoom , Accion Opportunity Fund, and other key partners teamed up to provide these critical small business resources. Fast Break for Small Business began in 2021 and closed for the final time in 2024, but LegalZoom and AOF are still focused on connecting business owners with small business resources they need to succeed.

How Fast Break for Small Business worked Fast Break for Small Business may be over, but our support for small businesses is not stopping any time soon. Together, LegalZoom and Accion Opportunity Fund will continue to provide small business resources to entrepreneurs across the country. Details about future programming will be available soon.

In the meantime, AOF is here to support your business with access to working capital , one-on-one business advising , online learning , and more. Join our next educational event to start learning right away! LegalZoom can also boost your business success.

Whether you’re just starting out and need help legally forming a business , you’re looking for a contract template , or you just need general support , LegalZoom has you covered with hundreds of small business resources. Fast Break for Small Business provided game-changing grant capital to 300 business owners across more than 35 states.

Roughly three-quarters of these grantees reported making $100,000 or less in annual revenue during the year they received their Fast Break for Small Business grant. In addition to the grant, these business owners received free LegalZoom products and services as well as access to numerous small business resources offered by both AOF and LegalZoom. We are proud to have created such an impactful program through this partnership.

How Fast Break for Small Business worked egalZoom, AOF, and other partners are committed to encouraging entrepreneurship by expanding access to small business resources. Here’s how Fast Break for Small Business worked: 300 business owners received small business grants totaling $3 million 15,000 business owners accessed valuable legal resources through free LegalZoom products and services, totaling a value of $3 million All U.

S-based businesses were eligible to apply for the grant if they: had an established business bank account had been in operation for at least 3 months at the time of application made less than $1 million in annual revenue the prior year operated a business in an eligible industry fully completed the application and submitted all required documentation Following a random selection process, grantees were vetted and verified by Accion Opportunity Fund to ensure they submitted a complete application, met eligibility criteria, and passed the business verification review.

Adult entertainment including strip clubs, escort services, adult bookstores, and businesses whose principal business is the sale of pornography Tobacco stores, smoke shops, cigarette & cigar retailers and wholesalers, cigarette stands Firearms sellers, merchants, retailers, or wholesalers; ammunition sales; gun clubs; shooting ranges Marijuana-related businesses; cannabis dispensaries, marijuana crop farming, edibles Massage parlors, saunas, or hot tub facilities Gambling and betting activities, racetracks Real estate investment companies (residential and commercial), house flippers, hotels, businesses whose principal source of revenue is rental income Banking and financial institutions; central banking; other monetary intermediation; trusts, funds, and similar financial entities Merchant service companies, merchant sales organizations, payment services Lending businesses; payday lenders, title lenders, and other credit-granting Small business loan brokers Collection companies/lawyers or debt consolidation firms Multi-level marketing companies or businesses based on pyramid sales plans Religious organizations, churches, temples, mosques, shrines, and other services provided specifically for the religious community Activities of political organizations Transportation of hazardous materials Oil and gas exploration/securities Rideshare (i.e. Uber/Lyft drivers)