The Arkansas 30 Day Fund and Arkansas State University announced a partnership on Wednesday (May 27) to help Arkansas small businesses struggling as a result of COVID-19.
The fund was established earlier this month by Sarah Huckabee Sanders and her husband Bryan Sanders to provide forgivable loans of up to $3,000 to help bridge the gap for small businesses until they get relief from the government or until customer demand returns for their products or services.
Through its Delta Center for Economic Development, ASU will recruit, interview and supply student volunteers to help with the processing of applications received by Arkansas 30 Day fund.
“We are so grateful for this partnership and to have the support of Arkansas State in our mission of helping as many Arkansas small businesses as possible,” Sarah Huckabee Sanders said.
Other 30 Day Fund programs around the country have similarly partnered with universities in their home states including the University of Virginia Darden School of Business and the University of Pennsylvania Wharton School.
“Arkansas State University is honored to partner with the AR 30 Day Fund by offering our students a unique opportunity to help small businesses across Arkansas recover from the financial impact of COVID-19,” ASU System President Charles L. Welch said. “This partnership also provides our students a chance to gain valuable experience with a nonprofit while learning more about the financial difficulties our small businesses are facing due to no fault of their own. I am appreciative of Sarah and Bryan Sanders for giving A-State students this opportunity.”
Since launching less than two weeks ago, the Arkansas 30 Day Fund has received applications from all across the state and has already begun distributing funds.
“This is about Arkansans helping Arkansans, and we are encouraged by the outpouring of support from across our great state to help our fellow Arkansans weather this crisis,” said Sanders.
Arkansas businesses that qualify for assistance from the Fund are:
- Small businesses that employ three to 30 people;
- Based in Arkansas and have been operating for at least one year;
- Owned and operated by an Arkansas resident.
To apply for assistance from the Arkansas 30 Day Fund, submit an application here.