A new limited-time grant program will offer $10,000 grants to small Hispanic-owned food and beverage businesses in Albuquerque. The program comes from the PepsiCo Foundation, which is relying on Community Development Financial Institutions (CDFIs), such as LiftFund and DreamSpring, to ensure that grants reach 10 – 15 Hispanic-owned businesses in each of the 13 targeted U.S. cities. Besides Albuquerque, grants will be offered in Los Angeles, Dallas, Houston, San Antonio, El Paso, Chicago, Miami, Denver, New York City, Orlando, Phoenix, and Las Vegas.

Personalized business coaching is also part of the grant program. Eligible businesses must have earned less than $1 million in 2020 and be engaged in the food and beverage industry. Applications will be accepted through June 25, 2021.

The PepsiCo Foundation’s reliance on DreamSpring and LiftFund is a smart way to reach Hispanic-owned businesses. Both nonprofit CDFI lenders assist small-business owners with obtaining loans that might not otherwise be accessible. Business owners who are not quite ready for a loan can obtain assistance with business planning and financial preparation. Read more about DreamSpring and LiftFund.

Get more information about the grant and apply here. Please note that grant applications cannot be submitted directly to the CDFI lenders. Use the link above to apply.