Red Backpack Fund Application
The Red Backpack Fund is a relief program created by The Spanx by Sara Blakely Foundation to help women entrepreneurs affected by the COVID-19 pandemic. The program offers grants and mentorship to women-owned businesses that are struggling to stay afloat during these challenging times. The mission of the Red Backpack Fund to support women entrepreneurs and provide them with the resources they need to succeed. Eligibility Requirements To be eligible for the Red Backpack Fund, businesses must meet the following criteria: 1. Majority Women-Owned Business The business must be at least 51% owned and controlled by women. 2. At least One Year in Business The business must have been in operation for at least one year as of the date of the application. 3. Annual Revenues between $50,000 and $1 Million The business must have annual revenues between $50,000 and $1 million, based on the most recent tax return filed. These eligibility requirements are important because they help ...