A small business grant program
Creating a small business from scratch is hard work. That’s why LISC is proud to be partnering with comedian and entrepreneur Kevin Hart and tequila maker Juan Domingo Beckmann on The Coramino Fund, a nationwide small business grant program to support Black and Latinx entrepreneurs.
Like most small business owners, Black and Latinx entrepreneurs have big ideas and big dreams, but many face systemic barriers on their journey. They often are less likely to have cash reserves and access to credit and capital, which limits their ability to grow.
To help close these wealth and opportunity gaps, LISC joined forces with Gran Coramino® Tequila, co-founded by Hart and Beckmann, to create The Coramino Fund, which provides $10,000 grants to Black and Latinx entrepreneurs looking to nurture and expand their businesses.
Meet our 2024 grant recipients
In less than two years since its launch, The Coramino Fund in the U.S. has supported more than 100 entrepreneurs with $10,000 grants to fuel the growth of their small businesses. Over 35,000 submissions were received from various industries including retail, transportation, food services, educational services, and more since the fund launched.
In the 2024 funding round, 50 businesses were selected to receive grants – 52% of these businesses are Black-owned, 36% are Latinx-owned, and 12% are Black and Latinx-owned; 66% of the grantee businesses are women-owned. Check out the 2024 grant recipients (the grantee list for 2023 is here).
Resources from The Coramino Fund are designed to fuel business growth. Below, hear from a few entrepreneurs about the impact the grants will have on their businesses.
Hear from our grantees
Beautylixirs, Houston, TX
Native Houstonian Rochelle Thomas, owner of Beautylixirs, is committed to creating herbal water beverages that make women look good and feel good. Hear Thomas talk about how a new grant from LISC and Gran Coramino Tequila will help her small business grow.
Mind Body Game, View Park, CA
Christa Pryor, owner of Mind Body Game, trains elite athletes around the world, but her favorite clients are her “water lilies,” a group of seniors she leads through pool workouts. Learn how a new grant from LISC and Gran Coramino Tequila will help Pryor grow her small business.
Partners
LISC
Gran Coramino