Entrepreneurs are invited to submit their compelling stories win a share 255,000 dollars cash prize fund to encourage their small businesses
WILMINGTON, Del., January 11, 2023 /PRNewswire/ — Barclays US Consumer Bank is running its “Small Business Big Wins” contest for the third year. This year the winners will share 255,000 dollars in cash prizes to be shared among selected small business owners who share the bills and challenges of building a business and turning their dreams into reality. The small business with the most interesting story will be awarded a grand prize of 60 thousand dollars.
Barclays invites small business owners to submit an essay of up to 500 words along with a compelling photo to BarclaysSmallBizBigWins.com highlighting their unique business journey. Applications for the competition are accepted until February 28, 2023.
“The current economic climate continues to create challenges for small businesses, and we recognize that innovation and capital help provide employment opportunities and enhance our quality of life,” he said Jill Neilson, Director of US Business Cards, Barclays US Consumer Bank. “As in 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.”
Next February 28 submission deadline, 10 finalists will be selected from among the qualifying entries. From From April 1 to April 10, the public will have the opportunity to review the stories of the top 10 finalists and vote for their favorite small business. All businesses that submit qualifying entries will also be entered into a random drawing to win one of fifty 2000 dollars prize games.
The total distribution of prizes for the competition includes:
- One big prize from 60 thousand dollars
- One prize for second place from 40 thousand dollars
- One prize for 3rd place from 20 thousand dollars
- Seven runner-up awards from 5000 dollars each
- 50 sweepstakes from 2000 dollars each
The announcement of the winner of the competition will take place in the week of May 2 to coincide with National Small Business Week.
In 2022, more than 4,750 small entrepreneurs responded to the call to submit their stories. Last year Barclays awarded Ashland Birth Center 60 thousand dollars main prize. The Ashland, WisconsinThe business center offers parenting guidance and support along with a wide range of midwifery services during pregnancy, newborns and the postpartum period.
In addition, Barclays has awarded 40 thousand dollars to the nordic node of Reston, Virginiafor second place; 20 thousand dollars Superfit Hero of Riverside, California, for third place; and 5000 dollars to each of the remaining top 10 finalists. Barclays also awarded 50 participants 2000 dollars each by random draw, in total 255,000 dollars as support for 60 small businesses across the country.
To see how past contest winners have benefited from their winnings, visit BarclaysSmallBizBigWins.com.
To participate in this year’s competition, businesses must be owned by a legal resident United States who is at least 18 years old. Companies must also be opened/established before January 10, 2022; has a valid employer’s JMBG or JMBG; employ less than 100 employees for the duration of the tender; and have an annual operating income of 5 million dollars or less. For a complete list of contest rules and for more information on how to enter, visit BarclaysSmallBizBigWins.com.
Today, many businesses use our credit cards and benefit from reward dollars spent on business needs. For more information on Barclays’ business card offerings, visit BarclaysUS.com/Business.
About Barclays US Consumer Bank
Barclays US Consumer Bank is a leading credit card issuer and financial services partner in the United States that creates highly customized programs to drive customer loyalty and engagement for some of the nation’s most successful travel, entertainment, retail and affinity institutions. The bank offers co-branded credit cards, small business and private label credit cards, installment loans, online savings accounts and CDs. For more information, visit www.BarclaysUS.com.