BankUnited Launches Inaugural Women in Business Challenge
illustration of a busines woman

BankUnited Launches Inaugural Women in Business Challenge

Women-owned businesses that could use an extra $10,000 might be interested to hear about the latest small business challenge. BankUnited’s inaugural “Small Business, Big Dreams” content is now accepting entries through September 23rd. However, applicants must be based in either New York or Florida and be at least 51% women-owned. Additionally, the content defines “small businesses” as those with annual revenues of no more than $3,000,000 for the previous two fiscal years and who have fewer than 20 full-time employees.

To enter, business owners will need to complete an application as well as provide an “elevator pitch” for their business. These video pitches can be up to three minutes in length and should include how the business would utilize the $10,000 prize money. After the application deadline, four finalists will be selected by October 13th. These finalists must then attend the “Small Business, Big Dreams” Women in Business Summit, taking place on Wednesday, October 27th in Fort Lauderdale, Florida. There, business owners will present their plans in front of a panel of judges who will ultimately choose the winner.

In a press release announcing the contest, BankUnited EVP/head of consumer and small business banking Lisa Shim stated, “As champions of small business, we at BankUnited know that small businesses are the heart and backbone of any community. While women business owners drive innovation, they often face particular challenges on their path toward success.” Shim continued, “Through BankUnited’s ‘Small Business, Big Dreams’ Women in Business Challenge, we hope to elevate women business owners by recognizing their contributions and providing them with tools to turn their dreams into reality.”

The “Small Business, Big Dreams” contest is one of several recent efforts among big companies, banks, and other organizations to help entrepreneurs rebound and flourish after a challenging year. One notable small business contest came from Mastercard and Major League Baseball as the pair launched the “Home Team Advantage” contest for business owners in Los Angeles, Boston, and Atlanta. However, entries for that promotion ended on August 1st. Elsewhere, in the past few months, FedEx, American Express, DoorDash, and others have offered grants, accelerators, and other resources for small businesses — often focusing on underrepresented communities of entrepreneurs.

Once again, the scope of BankUnited’s contest is fairly limited as it’s only available to women business owners in two states. Nevertheless, for those who qualify, this could prove to be a big opportunity. Thus, those interested in applying should ensure that their applications and videos are in by the September 23rd deadline. Good luck!

Leave a Reply

The "Email" field is empty, you must enter some text to proceed.The text you entered in the "Email" field appears to be invalid, please edit it and try again
Get the Latest News Delivered to Your Inbox

A Guide to Building Credit and Increasing Your Credit Scores

When it comes to credit, there’s some good news. The average credit score in the United States has been steadily rising in recent years, coming in at 715 in 2023. That may be because, today, consumers not only have more ways to access their credit reports and scores than ever before but also because there are an increasing number of options that Americans have for building credit in the first...

2024 SoFi Checking and Savings Review

Ever since I started taking an interest in the FinTech sector, one company whose name I’ve seen pop up over and over again is SoFi. Lately it seems as though that theme has been sent into overdrive as the company has not only become a household name thanks to its stadium naming rights deal but also because of the company’s continued product expansions. The most interesting development in my mind...
Brim logo

Brim Financial Raises $85 Million as It Eyes Global Expansion

Toronto-based FinTech infrastructure startup Brim Financial has announced a new funding round. About the round: Brim has revealed an $85 million round. The Series C was led by EDC Investments while new investor Vistara Growth and returning investors White Owl Group, Epic Ventures, and Zions Bank also participated. To date, the company has now raised $110 million including a Series B in 2021. According to Brim, the latest funding will...
Chase Freedom Flex card

Chase Reveals Q2 2024 Freedom 5%(+) Bonus Categories

Chase has announced its bonus category picks for the second quarter of 2024 — including some interesting twists. About the categories: As April approaches, Chase has revealed what categories Freedom and Freedom Flex cardholders can earn bonuses on. From April 1st through June 30th, customers can earn 5% (or more) in three categories: Amazon.com, Hotels, and Restaurants. Similar to how Chase embraced a "New Year, New Me" theme last quarter,...
Rent Day

Bilt Announces Home Collection Deal for May 2024 Rent Day

For May's Rent Day, Bilt is offering a deal that will allow members to decrease their rent bill while also adding to their home decor. About the Home Collection offer: Bilt has crafted a unique Rent Day offer for May 2024. Through the 1st, when Bilt members redeem their points toward rent payments, they'll receive the same number of points to be used toward Bilt Home Collection items. To take...