We’re proud to announce that Cécred and the BeyGOOD Foundation launched the second iteration of the Cécred x BeyGOOD Fund, deepening the investment in the beauty industry and the professionals who bring it to life. This year, the Fund is available nationwide—expanding reach, empowering stylists, fueling entrepreneurship, and honoring the vital role salons play in their communities.
With a $500,000 commitment, the Fund will focus on two initiatives: providing capital and business development to salons and scholarships to cosmetology students.
The Cécred x BeyGOOD Fund is proud to offer $370,000 of the $500,000 commitment to award $10,000 business grants to 37 salon and barbershop business owners who have demonstrated financial hardship.
These grants are designed to empower licensed entrepreneurs with the resources they need to grow and thrive. In addition to financial assistance, these grants are designed to provide access to critical business development tools, mentorship and resources provided by The National Minority Supplier Development Council (NMSDC). The top 40% of non-selected finalists will receive extended support including group coaching and Minority Business Enterprise (MBE) certification resources.
Eligibility
- Applicant should have a minimum of 2 years of experience as a licensed barber, hairstylist, or cosmetologist
- Demonstrated financial hardship;
- Proof of salon or barbershop business ownership or a lease agreement for a salon, suite, booth, or chair;
- In business for at least 1 year
Thirty-seven (37) $10,000 Salon & Barbershop Business Grants will be awarded to salon owners nationwide.
- Applications Close: June 13, 2025
Method of Application
Interested and Qualified should Go to:
Click Here To Apply
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