It's truly amazing seeing so many big businesses stepping up to help in any way they can during this time of the coronavirus, and Sara Blakely, the founder of Spanx, has one amazing way she is helping out.

Here is what Sara has pledged to do: the Spanx by Sara Blakely Foundation has donated $5 million to support female entrepreneurs who have their own small business. Sara has teamed up with Global Giving to also establish the Red Backpack Fund. This fund will be making a thousand grants of $5,000 each that will be given to female entrepreneurs in America.

The goal of the fund is to help alleviate some of the urgent needs and bills that these small businesses are facing during the COVID-19 pandemic.

The amount came about when Sara shared that she remembered starting her own business with only $5,000. That money could be the difference between your business re-opening when all of this is over or having to close your doors for good.

If you are a woman with a small business, I highly recommend applying for this grant.

Applications will be available starting Monday, April 6. Global Giving has all the information on its website.

Not going to lie, I had to write this up for two reasons. One, because this is awesome and I hope some small businesses here in the SouthCoast get awarded some of those grants, and two, I wanted to say Spanx.

Get to applying. Stay safe, stay healthy.

READ MORE: Inspiring Stories From the Coronavirus Pandemic

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