Barclays is offering up to $60,000 to small businesses that want to share their story. The Barclays Small Business Big Wins 2023 competition is accepting online applications until February 28.
How to enter the Barclays Small Business Big Wins 2023 contest
Barclays offers 60 cash prizes to businesses, starting at $2,000. The Grand Prize is worth $60,000. The company is offering a total of $255,000.
To qualify, businesses must meet the following criteria:
- Be located in the US and owned by a US resident who is at least 18 years of age.
- Be currently open and in operation since at least January 2022.
- Have less than 100 employees.
- Have annual revenue of $5 million or less.
- You must not have won any previous Barclays Small Business competition.
To participate, eligible businesses simply complete the form on the Barclays website and tell their small business story in 500 words or less. The theme of the contest focuses on how rewarding small business ownership can be. Therefore, participants must craft their stories about how business ownership allows them to live their dreams or play an important role in their communities.
Past and current entries are available to view on the Barclays website. By entering, you agree to allow the business to share your story across their platforms.
Selection process for the Barclays Small Business Big Wins 2023 contest
After the February 28 deadline, a panel of judges will score all eligible entries. Scores are based on the following criteria:
- Relation to the theme of the contest
- Ability to respond to questions posed.
- Enthusiasm and passion for small business.
- Positive impact on other businesses or communities
The ten finalists then move on to a public voting period, which runs from April 1-10. People can vote once a day for their favorite small business entry. At the end of that period, whoever gets the most votes receives a cash prize of $60,000. There is also a second place prize of $40,000, a third place prize of $20,000 and seven runner-up prizes of $5,000 each.
Small businesses that applied for but did not receive contest prizes may also enter a drawing to win smaller prizes. Around mid-March, after the top ten finalists have been determined, all other eligible entries will be entered into a random drawing. Barclays will award 50 businesses with cash prizes of $2,000 as a thank you for participating in the contest.
About the Barclays Small Business Big Wins contest
Barclays organizes the Small Business Big Wins Competition to draw attention to how rewarding and impactful entrepreneurship can be.
Jill Neilson, Director of US Commercial Cards, Barclays US Consumer Bank, said in a statement: “The current economic climate continues to create challenges for small businesses, and we recognize that innovation and capital help deliver employment opportunities. and increase our quality of life. As we have for the past two years, we are excited to expand the stories told by these wonderful small businesses and provide the winners with much-needed funding.”
The promotion started in 2020. And this is the third round of financing offered by the company. Past grand prize winners include Ashland Birth Center in Ashland, Wisconsin in 2022 and Frank’s Gourmet Hot Dogs of Buffalo, New York in 2020.
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