120 SMEs get S$8,000 cash grant each from Salesforce, SBF
Grant aims to help SMEs tackle urgent cash flow needs, sustain jobs amid Covid
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A TOTAL of 120 small businesses will each receive S$8,000 in cash under the Salesforce Small Business Relief Grants Programme, set up by Salesforce and the Singapore Business Federation (SBF).
The grant aims to help small and medium-sized enterprises (SMEs) "address their immediate cash flow needs, preserve jobs, and embark on initiatives during this challenging period", SBF and Salesforce said in a joint press statement on Wednesday.
The grant recipients were judged based on financial standing, level of hardship faced as a result of Covid-19, as well as survivability and resilience, among other criteria.
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