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Fast Break for Small Business

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LegalZoom has teamed up with the NBA, WBNA, and NBA G League to assist communities by helping small business owners. Fast Break for Small Business is a $6 million commitment in grants and LegalZoom services to help thousands of small businesses all over the country, and Accion Opportunity Fund is the nonprofit administrator of the program.

How it works

LegalZoom, the NBA, WNBA, and NBA G League are committed to helping small business owners everywhere, especially those who face obstacles because of who they are, who they love, or how they identify. Starting at NBA Tip-Off, the first of six grant cycles will open in this multi-year program. Here’s how this first cycle will work:

  • $10,000 grants and $500 in LegalZoom services to 50 small businesses
  • $500 in LegalZoom services to 950 additional small businesses
  • Applications for the first grant cycle will be open from October 14 to November 23, 2021
  • Grantees and LegalZoom services recipients will be notified and issued grants and LegalZoom services in January 2022

Ready to apply?

Small businesses are eligible to apply for a grant through Fast Break for Small Business if they meet the following criteria:

  • Must be based in the United States
  • Must have been in business for at least 6 months
  • Must have an annual revenue of less than $1 million
  • Must not be in one of these prohibited industries

In order to complete the application, business owners must submit the following:

  • Most recent business tax returns [if business is more than 12 months old]
  • A copy of your business license OR sole proprietorship formation document [if business is between 6 and 12 months old but does not have a business license OR sole proprietorship formation document, the business is not eligible for this opportunity]
  • A front-and-back color copy of the business owner’s government-issued identification [Acceptable identification includes a driver’s license, federal government employee ID card, passport, permanent resident card, alien resident card, or matricula consular]
  • All pages of the most recent business bank statement
  • A completed W9 form for the business bank account referenced above: click to download
  • A completed ACH form for the business bank account referenced above: click to download

Incomplete applications will not be considered.

LegalZoom/NBA
Unfortunately, you are not eligible to complete the grant application. Instead, please check out our other resources online here

Please Complete the Application

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Are you interested in receiving a promo code for LegalZoom services?

Please upload the required documents to verify your business.

Note that all six documents must be uploaded to complete your application. Multi-page files are allowed as long as they do not exceed the file size limit.

  • Most recent business tax returns [if business is more than 12 months old]
  • A copy of your business license OR sole proprietorship formation document [if business is between 6 and 12 months old but does not have a business license or sole proprietorship formation document, the business is not eligible for this opportunity]
  • A front-and-back color copy of the business owner’s government-issued identification [Acceptable identification includes a driver’s license, federal government employee ID card, passport, permanent resident card, alien resident card, or matricula consular]
  • All pages of the most recent business bank statement
  • A completed W9 form for the business bank account referenced above: click to download
  • A completed ACH form for the business bank account referenced above: click to download
Maximum upload size: 1.54MB
  • “By clicking “Submit,” you agree to the Terms of the Fast Break for Small Business grant program.
  • By clicking “Submit,” you consent to Accion Opportunity Fund’s Terms of Use and Privacy Policy ; and to receive emails, calls and texts, potentially for marketing purposes, including autodialed or pre-recorded calls. You may opt out of receiving certain communications as provided in our Privacy Policy.
  • By clicking “Submit,” you certify that all the information you provided in this application is correct and true, to the best of your knowledge.

Frequently Asked Questions

What is Fast Break for Small Business?

Fast Break for Small Business is a program from LegalZoom, the NBA, WNBA, and NBA G League to assist small businesses all over the country through grants and credits for LegalZoom services. The multi-year program is a $6 million commitment, which awards $10,000 grants and LegalZoom services to 100 small businesses in its first year. The first round of grants will be disbursed in January 2022, and the second round later in the spring to coincide with the start of the WNBA season. The grant program is focused on reaching entrepreneurs of color, women, LGBTQ+ people, low- to moderate-income small business owners, immigrants, and others who have historically had limited access to financing for their business.

What are the roles of the organizations involved in this program?

LegalZoom, the NBA, WNBA, and G League are the program partners, and Accion Opportunity Fund is the grant fund administrator.

What are the criteria for eligible small businesses?

Eligible small businesses must:

  • Be based in the United States
  • Have been in business for at least 6 months (since April 2021)
  • If in business for between 6 and 12 months, have a business license or sole proprietorship formation document
  • Have an annual revenue of less than $1 million
  • Have a business bank account
  • Not be in an industry that has been identified as a prohibited industry for this program

How many grants will be awarded each year?

100 grants of $10,000 each will be awarded in two rounds: 50 in January 2022 and 50 to coincide with the WNBA season later in 2022.

How many businesses will receive credits for LegalZoom services each year?

2,000 businesses will be awarded $500 in LegalZoom services each year, split into two rounds. All 100 grant recipients will receive the credit, and an additional 1,900 businesses will also receive a credit.

How do I apply?

Please complete the application here.

When is the deadline to apply?

The deadline to apply is Tuesday, November 23 at 11:59 p.m. ET.

What languages is the application available in?

The application is available only in English.

Can my business apply more than once?

No, business owners can only apply to the opportunity one time per round. In addition, entrepreneurs who own more than one business are eligible for the opportunity for only one business. Duplicated entries will be excluded from consideration.

What documents do I have to submit with my application?

  • All pages of the most recent business tax returns [if business is more than 12 months old]. If the business files a Schedule C, please submit all pages of your 1040 personal tax return with Schedule C for business. 
  • A copy of your business license OR sole proprietorship formation document [if business is between 6 and 12 months old but does not have a business license OR sole proprietorship formation document, the business is not eligible for this opportunity]
  • A front-and-back color copy of the business owner’s government-issued identification [Acceptable identification includes a driver’s license, federal government employee ID card, passport, permanent resident card, alien resident card, or matricula consular]
  • All pages of the most recent business bank statement (businesses that do not have a business bank account are not eligible for this opportunity)
  • A completed W9 form for the business bank account referenced above: click to download
  • A completed ACH form for the business bank account referenced above: click to download

What if my document uploads exceed the file size limit?

Some of the required documents may be large files, especially if they contain multiple pages. Multi-page files are allowed as long as they do not exceed the file size limit. If the documents do reach or exceed the file size limit (1.54 MB per file), please resize the documents to a smaller file size. There are many trusted online resources available for resizing files (e.g. Smallpdf, TinyPNG, etc.).

What if I do not have tax returns for my business?

If you have been in business for 6-12 months and do not have tax returns, please submit your business license or sole proprietorship formation document to verify your business status. If you have been in business for 6-12 months and do not have a business license or sole proprietorship formation document, you are not eligible for this opportunity. 

What if I do not have a business license?

If you have been in business for 6-12 months and do not have a business license or sole proprietorship formation document, you are not eligible for this opportunity. 

If I have been in business longer than 12 months, can I submit a business license instead of tax returns?

No, if you have been in business for longer than 12 months, you must submit business tax returns to be eligible for this opportunity.

Why do I have to submit my bank information?

Bank information is submitted to make the deposit of grant funds via ACH if you are selected as a grantee. This information will only be used if you are selected.

What if I am unable to provide all of the information requested?

You must provide all documentation requested. Incomplete applications will not be considered.

Are sole proprietors eligible to apply?

Yes, sole proprietors are eligible to apply.

Can businesses located in U.S. territories apply?

No, businesses located in U.S. territories are not eligible for this opportunity. A business must be located within one of the 50 United States or Washington DC to be eligible.

What if I am an employee at a small business or serve in a management role at a small business, can I apply on its behalf?

No, you must own a small business to be eligible. Employees of small businesses are not eligible for this grant.

Are nonprofit organizations eligible to apply?

No, this opportunity is only open to owners of small businesses (for profit).

What industries are eligible to apply?

Businesses can apply from any industry EXCEPT the following, which are ineligible: 

  • Adult entertainment including strip clubs, escort services, adult bookstores, and businesses whose principal business is the sale of pornography
  • Tobacco stores, smoke shops, cigarette & cigar retailers and wholesalers, cigarette stands
  • Firearms sellers, merchants, retailers, or wholesalers; ammunition sales; gun clubs; shooting ranges
  • Marijuana related businesses; cannabis dispensaries, marijuana crop farming, edibles
  • Massage parlors, saunas, or hot tub facilities
  • Illegal activities
  • Gambling and betting activities, racetracks
  • Real estate investment companies (residential and commercial), house flippers, hotels, businesses whose principal source of revenue is rental income
  • Banking and financial institutions; central banking; other monetary intermediation; trusts, funds, and similar financial entities
  • Merchant service companies, merchant sales organizations, payment services
  • Lending businesses; payday lenders, title lenders, other credit granting
  • Small Business loan brokers
  • Check cashers
  • Bail bonds
  • Pawn shops
  • Collection companies/lawyers or debt consolidation firms
  • Multi-level marketing companies or businesses based on pyramid sales plans
  • Nonprofit organizations
  • Religious organizations, churches, temples, mosques and shrines and other services provided specifically for the religious community
  • Activities of political organizations
  • Transportation of hazardous materials
  • Oil and gas exploration/securities
  • Rideshare (i.e. Uber/Lyft drivers)

Do I have to be a United States citizen or legal resident to be eligible?

We do not request any information related to the immigration status of applicants. Applicants must answer all application questions and submit all required documentation to be eligible.

If I have multiple businesses, can I apply multiple times?

No, each individual business owner may only apply once and is only eligible to receive one grant even if they own more than one business.

Can I make changes to my application after submission?

No, you may not make any changes after the application has been submitted.

Can I save my application as I am working on it?

No, there is no option to save incomplete applications to return to at a later time.

Will I receive confirmation after the application has been submitted?

Yes, you will receive confirmation by email.

Do I have to be located in an NBA, WNBA, or NBA G League metro area to be eligible?

No, eligible business owners can be located anywhere in the 50 United States and do not have to be located in any of the leagues’ metro markets.

How will grantees be selected?

Following a random selection process, grantees will be vetted and verified by Accion Opportunity Fund to ensure they meet eligibility criteria.

When will I hear about the status of my application?

All applicants will be notified about the status of their application, whether they received a grant or not, in January 2022.

How will I be notified if I will receive a grant?

All communications regarding the grant will be through emails from Accion Opportunity Fund, including the notification if you are selected to receive a grant. 

When will the grant funds be distributed?

The initial round of grant funds will be distributed in January 2022.

How will the grant money be disbursed?

Grant money will be transferred from Accion Opportunity Fund to the grantees’ verified business bank account.

How can grant funds be used?

Grant funds are intended to be used for any legitimate business purpose.

Where can I submit additional questions about this grant program?

Please submit questions in the form below.

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