Three packages recently signed into law are geared to aid this country and offer relief due to the Coronavirus (COVID-19) outbreak: The Coronavirus Preparedness and Response Supplemental Appropriations Act, signed into law on March 6, 2020, The Families First Coronavirus Response Act Signed into law on March 18, 2020, and The (CARES ACT) (P.L. 116-136) Coronavirus Aid, Relief, and Economic Security Act was signed into law on March 27, 2020. The CARES ACT, is the main legislation for small businesses and provides approximately 350 Billion dollars in business loans under a program known as the Paycheck Protection Program.
A second set of legislation is set to be approved over the next day includes an additional $310 billion for the Paycheck Protection Program. The bipartisan legislation adds $250 billion for PPP and an additional $60 billion for Economic Injury Disaster Loans. This additional funding was added because the first round of stimulus was exhausted with many small business owners not receive any funding. Not only was the additional stimulus added, there were many larger companies and organizations in the first round that are giving back the loans due to the backlash from many legislators and small business owners in local communities. These loans will also go back into the available loan amount.
The relief is not only coming from the federal government, there are state and local governments, as well as private groups and individuals that can provide assistance in the form of loans and grants to help all types of businesses and organizations get through this difficult time. This guide will highlight a wide variety of business loans and grants for Coronavirus (COVID-19) that are available for you and your business.
The Paycheck Protection Program or PPP assists small businesses with funding to pay up to 8 weeks of payroll including benefits. This funding can also be used for rent, utilities, and interest on mortgages. The ACT authorizes the SBA to guarantee business loans under the new 7(a) loan program. These business loans will be 100% guaranteed by the SBA and no collateral or personal guarantees are required. Payments on the business loan will be deferred for 6 months and up to the full amount of the business loan may be forgiven.
Subject to certain exclusions, a business, nonprofit organization, veterans’ organization or Tribal business is eligible for a PPP business loan if you were operating as of February 15, 2020, had 500 employees or less that you paid salaries and payroll taxes, or you paid independent contractors and reported that with a 1099 form.
You will also be eligible for a loan if you are self-employed or an independent contractor or an individual that operates as a sole proprietorship and can provide the requested supporting documentation.
This is a first come first serve basis, one loan per person, and small businesses and individuals are eligible to apply beginning April 3, 2020, and self-employed individuals and independent contractors can start applying on April 10, 2020.
Due to the high demand for this loan which can become a grant it is important to highlight possible disqualifications. You are ineligible for funding if your business in engaged in any activities that are illegal, that you employ household workers such as housekeepers etc., or an owner in the business who has a 20% stake or more is currently incarcerated, on parole or probation or are subject to an indictment, been convicted of a felony in the last 5 years, or are currently late on payments with a current SBA loan or have defaulted on one in the last 7 years. For additional information or clarification on eligibility for SBA business funding visit the SBA loan program requirements page.
Eligible businesses can borrow up to 10 million dollars and the amount you are eligible to borrow is based on calculations. There is an easy way to calculate how much you can borrow.
First you must calculate payroll costs over the last 12 months if available based on employees that reside in the United States. Reduce any amount above 100K given to an employee and /or an independent contractor or sole proprietor. The next step is to calculate the average monthly payroll costs and multiply it by 2.5. In a simple example, a company that has an annual payroll of $1.2 million with nobody receiving over 100K or that must be subtracted, has an average monthly payroll cost of 100K (1.2 million divided by 12 months). Whatever the average monthly cost you multiply 2.5 times, in this case the maximum loan amount would be $250,000 (100K avg. monthly payroll x 2.5). A very important point to note when calculation payroll is what is, and what is not payroll costs.
The interest rate on the loan is 1 percent and the maturity on the loan is 2 years. Both the principal and interest on the business loans are deferred for 6 months and no interest charged on any forgiven portions of the loan.
The amount of the business loan that can be forgiven can be up to the full amount and any interest accrued if the borrower uses the money for forgivable purposes and employee levels and compensation are maintained.
The forgivable amount may partially depend on some expenses made for mortgage interest or rent leases that were in place already before February 15, or payments for electricity, gas, transportation, water, telephone and internet access beginning before that date through the 8 week period following the loan origination, but overall no more than 25% can be used on other than payroll expenses. The loan can be fully forgiven if 75% of the funding is used to cover payroll costs. The 25% portion can be used for rent, utilities or interest on mortgage payments. Additionally, the employer must maintain or quickly rehire employees as well as maintain their salary levels. Forgiveness will get reduced if full time employees decline or salaries decrease.
Any eligible business can apply with any existing SBA lender or through any FDIC institution, any federally insured credit union, and any Farm Credit System participating in the program, and many additional lenders are being added daily as they apply and receive approval. Also, many of the major banks have already been accepting applications as well as many of your local community banks are accepting applications. Lastly, LendingTree recently announced a program where they are matching lenders with small business owners.
The EIDL is another SBA business loan expanded under the CARES Act to offer longer term loans with favorable terms to businesses affected by Covid-19. The disaster loan program was launched through the SBA to offer loans to businesses that have been impacted by natural disasters. It is important to note that this loan is not forgivable like the PPP loan. If however a business has an outstanding EIDL taken because of the Coronavirus impact then they can have it refinanced under the PPP program.
All small businesses with less than 500 employees including sole proprietorships, independent contractors, as well as self-employed persons have been made eligible to apply for a business loan because of the disaster to this country as a result of Covid-19. There are exceptions for larger companies based on SBA size standards. This loan can be used to cover a wider variety of expenses such as accounts payable, equipment or machinery, real estate, payroll, and other bills unable to be paid due to the impact of the Coronavirus.
Any eligible business can borrow up to 2 million dollars. The interest rates are 3.75% for small businesses and 2.75% for non-profit organizations, and the maturity can be up to 30 years, with payments deferred for 1
year. Because of the CARES Act applicants can request an advance of $10,000 to pay for working capital expenses that is receivable within a few business days if they are eligible for the disaster loan. Keep in mind that the advance amount may be adjusted downward to as low as $1,000 depending on employee amounts. This advance is the only forgivable portion and becomes a grant, however the loan received besides the advance must be repaid.
This type of loan can be useful for longer term funding at very reasonable rates as well as the forgivable advance of $10,000. You can go directly to the SBA and apply for an SBA Disaster Loan.
Download WHAT TO KNOW ABOUT PPP SBA BUSINESS LOANS to share.
Due to the demand of SBA loans and because of the strain put on organizations across the country because of Coronavirus getting somebody on the phone at the loan providers can be difficult at this time. Two good resources with offices throughout the country that have Coronavirus resources available are ready to assist you:
SBDC: Small Business Development Centers can be found throughout the United States and they are in place to help small business owners grow their business.
SCORE: Score is a resource partnered with the SBA that provides mentoring and educational programs to help small businesses grow.
3. State Level Covid-19 Business Loans & GrantsLeadMD and Invest Southwest created a fund to support local businesses impacted by the COVID-19 crisis. To be considered your business must be headquartered in Arizona, have been in business for a minimum of 1 year, and must be servicing customers in AZ. To apply for this fund go here
Arizona has a relief fund for companies in business for one year and headquartered in AZ, you can apply here. There is additional relief for businesses with 0-3 employees and revenue less than 250,000 per year. At the following link you can apply for a grant.
Local First Arizona and their partners created a fund to give mini-grants to Arizona’s smallest locally owned businesses. Must be Independent and locally owned, have 0-3 employees, and less than 250,000 in annual revenue. To apply for this this fund go here
The Women’s Foundation of Arkansas created Women Owned, which is a fund created for providing assistance to women owned small businesses impacted by COVID-19. To qualify businesses must be located in Arkansas, 100% women owned, employ 50 individuals or less, and be a for-profit corporation. Apply for this grant here
Arkansas has Quick Action Loan Program – Funds from the Governor’s Quick Action Closing Fund are now allocated for loans to small to medium-sized companies that are in the supply chain of essential goods and services (including healthcare, food manufacturing, logistics). Eligible companies may apply for a loan or loan guaranty of up to $250,000. There are also state grants available.
In Alabama a small business relief fund is offering grants to businesses with 2-50 employees and demonstrate the company has experienced financial hardship due to COVID-19. Apply for the grant online.
AIDEA created a billion dollar loan guaranty program the Sustaining Alaska’s Future Economy Guaranty Program to take on the economic crisis occurring due to the COVID-19 pandemic. Find more information on this loan here
The Juneau Economic Development Council was funded by CBJ Assembly to give loans to Juneau small businesses that have been affected by the COVID-19 pandemic. For your business to be eligible it must be located in Juneau, current with sales and property taxes, and have 25 or fewer employees. Apply for this loan here
The Small Business Finance Center and Financial Development Corporations have partnered up to provide direct loans and loan guarantees to small businesses experiencing capital access barriers. Businesses must be located in California and have 1-750 employees that have been negatively affected by the COVID-19 pandemic. Find more information on this loan here
The California Capital Access Program for Small Businesses is a loan for up to 100% coverage on some specific loan defaults. Small businesses must have fewer than 500 employees, at least 51% of income must come from California, and the purpose of business is listed in the North American Industry Classification System code list. More information on this loan is here
The Colorado Covid Relief Fund was created to gather funds for community-based organizations that have been impacted by the COVID-19 crisis. Eligible businesses would be school districts, local government, nonprofit organizations, and small businesses who serve communities in need from COVID-19. They must also serve populations in need such as low income families, people with disabilities, etc., and must coordinate with one of the funds three priority areas being prevention, impact, or recovery. Further information on this fund and the application is here
The city of Denver created the Small Business Emergency relief program to help the industries that are most affected by the COVID-19 pandemic such as barbershops, home childcare providers, and nail salons. Find more information on this loan here
The Manufacturing Innovation Fund Voucher Program gives company’s capital for new equipment they need. In this specific time they are taking precedence over companies that manufacture medical supplies and equipment for the fight of the coronavirus pandemic. The application for this program is here
The Hartford Economic Development Corporation (HEDCO) has partnered with the state of Connecticut and other community organizations to create the COVID-19 Business Response Program to provide financial assistance to women and minority-owned businesses that have been affected by the COVID-19 pandemic. Businesses also must be for profit with no more than 20 employees, have been in business for over 6 months, and are in good standing with the Department of Revenue Services. Apply here for this line of credit.
The City of Hartford along with the Hartford Foundation, HEDCO, SAMA and other organizations recently announced the Small Business Grant Assistance Program. The program is for business owners in Connecticut that do not have access to the SBA business loan program.
Delaware has created the Hospitality Emergency Loan Program to help Delaware hospitality-related businesses economically affected by COVID-19. Businesses with less than 1.5 million in annual revenue in operation for at least 12 months. Find more information on this program here
Delaware COVID-19 Emergency Response Initiative created the Delaware COVID-19 Strategic Response Fund to help the state’s communities that have most been impacted by the COVID-19 pandemic. Organizations must be a church, public charity, or government agency serving the community. Find more information and apply for this grant here
The Rebuild Florida Business Loan Fund is making funds available to businesses affected by the COVID-19 pandemic to assist with long term economic recovery. Find more information and apply for this loan here
The City of St. Petersburg Florida created the Fighting Chance Fund an emergency grant for independent locally owned businesses affected by the COVID-19 pandemic. Must be locally owned and have 25 or fewer employees. Apply for this grant here
The COVID-19 Emergency Program was created by the mayor to provide assistance to businesses affected by the coronavirus pandemic. Find further information here
The Atlanta Wealth Building Initiative created a COVID-19 Small Business Relief Fund to provide financial stability to businesses especially people of color owned businesses affected by COVID-19. Find more information and apply for this grant here
HCRC has launched HELP (HCRC Emergency Loan program) which provides loans to nonprofits and small businesses that are in need of emergency capital due to COVID-19 but are otherwise unable to get funding. Businesses must be in Hawaii in good standing, have been in business since 12/31/2019, and have at least 100,000 in revenue. Apply for this loan program here
FEMA is reimbursing state government agencies and private non-profits for costs associated with protective measures responding to the COVID-19 pandemic. Agencies must be located in Hawaii and in operation during the time of the crisis. Find more information and apply for this grant here
The COVID-19 Response Fund for Idaho was created to provide grants for human service businesses who provide assistance to low-income families. Businesses must be a nonprofit or other charitable organization. Apply for this grant here
The Business Invest Illinois Small Business COVID-19 Relief Program is an investment loan program under the State Treasurer. Through this program financial institutions are approved to provide low rate loans or loans to businesses that wouldn’t normally qualify. Businesses must become an Approved Program Depository. Find information on this loan and how to apply here
The Illinois Department of Financial and Professional Regulation established the Illinois Small Business Emergency Loan Fund to give small businesses loans with low-interest of up to 50,000. Businesses located near the city of Chicago with less than 3 million in revenue and fewer than 50 employees are eligible to apply. Find more information on this loan here
The City of Chicago created the Chicago Small Business Resiliency Fund to provide nonprofits and small businesses with emergency funds in the form of loans during this pandemic. Apply for this loan here
Indy Chamber’s Business Ownership Initiative and their partners created the Rapid Response Loan Fund to provide affordable loans to businesses. Find more information on this loan here
The Iowa Small Business Relief Fund was created by the Iowa Financial Empowerment Center to provide grants to eligible small businesses. Iowa businesses must have 1-7 employees, provide 3 month bank statements, and 2019 revenue. Find more information and apply for this loan here
The city of Louisville has created COVID-19 Pandemic Response Loans to provide very small business owners most negatively impacted by the COVID-19 pandemic. Find the application and more information here
Kansas City Response and Recovery Fund is helping small business owners affected by Covid-19 receive business loans and grants.
The Louisiana Loan Portfolio Guaranty Program is a partnership that will give loans to Louisiana small businesses affected by COVID-19. Find more information on this program here
The Finance Authority of Maine created The COVID-19 Relief Business Direct Loan Program that is providing loans with special terms to Maine based small businesses experiencing hardship due to COVID-19. Businesses must be going through hardship and be able to provide documentation of all funds used. Apply for this loan here
The Finance Authority of Maine also created The COVID-19 Relief Interim SBA Finance Loan Program that provides loans with special terms to businesses who provide documentation of loan commitment with the SBA. Businesses must also be Maine based. Apply for this loan here
The Maryland COVID-19 Emergency Relief Manufacturing Fund is an incentive program that helps Maryland manufacturers produce medical equipment that is needed by health-care workers and hospitals across the country. Apply for this program and find more information here
The State of Massachusetts website offers an in-depth look at the federal funding programs available for small business owners in the state that have been affected by Covid-19.
The Massachusetts Small Business Development Center has a wide variety of resources in place to help small business owners get access to funding for their business.
The MSF Awardee Relief Initiative was created to bring relief to Michigan Strategic Fund grantees, borrowers, and other awardees. Applicants must be current on all reporting requirements. Find more information on this initiative here
The Northern Initiatives program is providing funds to assist businesses impacted by the COVID-19 crisis. Find more information and the application here
DEED has created a loan program to provide assistance to small businesses who have been directly affected by the COVID-19 pandemic. Apply for this loan here
Mississippi has a great resource in Energy offering a huge list of resources at the federal, state and local levels where small business owners can get business funding and grants.
The Mississippi Economic Council features links to all state and local organizations as well as business loan and grant resources for companies in Mississippi.
Missouri has the Women’s Business Center that is offering business counseling to help women owned businesses receive SBA business loans from all of their programs available. Also get access to a variety of other business resources for female business owners.
The Missouri Chamber of Commerce and Industry is a great resource to access all of the information needed for Covid-19 funding and additional financial relief options.
Montana has a variety of loan and grant options that can be found by perusing their state portal.
Nebraska’s Official Government Website has tons of resources to help local small business owners get business loans and grants at both the federal and state level if they have been affected by the virus outbreak.
The Nebraska Chamber of Commerce and Industry features various opportunities for small business owners to receive both business loans and grants at the federal and state levels.
Nevada the Las Vegas Global Alliance in response to the Coronavirus is looking for small businesses, organizations, and individuals that require assistance. You can receive assistance in a wide variety of ways including goods and services, manufacturing, as well as financial assistance and other business resources.
The United Way of Southern Nevada features a wide variety of resources for business owners in need of business loans and grants. You can also find updated news as well as a variety of other business resources.
New Hampshire has the NHLRA which is an advocate for the restaurant and lodging industry, 2 of the most severely impacted industries from Covid-19. Get access to a wide variety of business loans and grants.
NH for non-profits is a great resource with links and resources for a wide variety of business loans and grants for organizations in the state.
The New Hampshire Department of Business and Economic Affairs (BEA) is an online resource for business loans and grants for small business owners.
The New Mexico Economic Development Department has established the COVID-19 Business Loan Guarantee Program that assists businesses in seeking loans due to negative impact from COVID-19. Find more information on this loan and how to apply here
NMEDD is offering LEDA 0% Interest Loans. Companies should be a manufacturer, or non-retail service business) Businesses that are interested in LEDA can contact their regional development representative. Find more information on this loan here
The United Way of Central New Mexico and the Albuquerque Community Foundation partnered to create the Emergency Action Fund to support operations of businesses struggling due to COVID-19. Find more information on this grant here
The Small Business Emergency Assistance Program is a program that makes lines of credit working capital loans available from Premier Lender banks. These loans are for covering operating expenses for nonprofits and small businesses in New Jersey that have been affected by COVID-19. Find more information on this program here
The Capital Region Community COVID-19 Response Fund was created to provide resources to organizations working with communities locally who are impacted by the coronavirus outbreak. Find more information on this funding here
The NC COVID-19 Rapid Recovery loan was created to support entrepreneurs and to stabilize North Carolina’s small businesses. Find more information and apply for this loan here
The North Dakota Development Fund Loan is providing loans to companies certified as primary under the North Dakota Development Fund. Find more information on this loan and the application here
Ohio Launched the Office for Small Business Relief to deal directly with over 950,000 businesses in the state. Get access to business loans and grants as well as a variety of business resources.
Another resource to find emergency loans and business resources is the OHIOCITY website.
The Oregon Community Recovery Grant program will provide funds to nonprofit organizations in Oregon that are particularly affected by the outbreak of COVID-19 here.
The Portland Small Business Relief Fundprovides various link resources to help businesses in Oregon access loans or grants to small businesses particularly affected by the outbreak of COVID-19.
The Pennsylvania Industrial Development Authority is providing lines of credit and low interest loans to businesses creating jobs. Find more information on this loan here
There are COVID-19 Response Fund Grants available for nonprofits responding to COVID-19. Learn more about this grant here
Pawtucket Business Development Corporation is providing micro-loans. Under this program businesses that have been negatively affected by COVID-19 with 25 or fewer employees can apply. Read more about the loan here
South Carolina Department of Commerce is a good source if you are looking for covid-19 business loans and grants as well as a variety of small business resources.
The South Carolina Chamber of Commerce offers hundreds of links for small business owners affected by the Covid-19 outbreak.
South Dakota’s Governor’s Office of Economic Development gives users the opportunity to apply for a wide variety of loans and grants to help small business owners affected by the virus.
The South Dakota Arts Community is a reliable resource for business loans and grants that is constantly being updated.
Tennessee has a great website where users can get access to a wide variety of loans and grants through the state of Tennessee’s government website.
The Tennessee Department of Economic and Community Development
Offers access to videos on how to get SBA loans as well as access to local loans and grants.
The Texas Economic Development website offers direct updates from the governor regarding both state and federal funding programs as well as a huge number of resources for small business owners affected by Covid-19.
The Houston Hispanic Chamber of Commerce offers a great resource for small business owners seeking relief from covid-19.
Vermont’s Agency of Commerce and Development has resources for all federal, state and local funding programs as well as up to date news and resources.
The Vermont Community Foundation is a philanthropic effort to provide grants to struggling businesses affected by the virus. Check out some of their most recent grants given.
Virginia has a great resource where users are constantly updated about business funding opportunities in the state as well as a growing list of other business resources for companies impacted by coronavirus
The Virginia Chamber of Commerce offers a one stop resource for all business funding resources and opportunities to local businesses, as well as updates from the Governor and many of the federal programs for funding.
West Virginia has put together a great web portal where users share opportunities, resources and more to help local business owners, community groups, non-profits and others to access Covid-19 relief sources.
The state of West Virginia has also added to their website a list of business financing resources as well as training resources and Q & A support for all things Covid-19 related.
Wisconsin has an excellent resource to help companies navigate through the many challenges created by Covid-19 for small business owners, especially offering loans and grants to affected companies and organizations.
If you are looking for funding grants and you operate in the state of Wyoming here you can apply for various grants online.
Wyoming has a wide variety of resources to help with business financing for companies located in the state. You can start at the SBA resources page where you can find updated small business events in the calendar, resources for Covid-19 business loans, as well as many other additional business resources.
Another great resource for businesses looking for funding not directly tied to the Covid-19 problem, here is a guide to help with Wyoming companies seeking business financing.
4. Alternative Business Loans for Covid-19There are a variety of Fintech companies and online lenders that are offering business loans to Coronavirus impacted businesses.
Shield Funding is an online lender assisting business owners with traditional SBA loans for eligible companies, and also helping business owners secure a variety of small business loans for business owners that do not qualify for a PPP loan or other SBA loan or they require additional working capital on top of any borrowed funds. They are also making available bad credit business loans and merchant cash advances for business owners that cannot qualify for any traditional lending because of bad credit.
Paypal is now making PPP loans available through its online portal. The rates and terms for the loan as well as the requirements are all based on the same guidelines of the SBA.
Lendio has created an online application for the PPP program. Once the application is complete they will try to connect you with one of the lenders available in their network.
Intuit Quickbooks has now been approved for the PPP program and they are going to make it easy for customers of Quickbooks Payroll to easily apply.
GoFundeMe, the well known crowdfunding platform is offering various tips to help your business get crowdfunding for Covid-19 financial relief for your business, as well as various other ways to get relief.
Raise up to 1 million dollars from friends and fans with generous repayment options and deferments until 2021 with the crowdfunding organization WeFunder to help businesses affected by the Coronavirus.
Kiva has increase their microloans from 10,00 to 15,000 because of the Coronavirus impact on small businesses and they are also offering an incredible zero percent financing and grace periods for up to six months for those who are eligible.
The Main Street Initiative launched by Mainvest is a loan program for traditional Brick & Mortar businesses where eligible businesses can receive zero percent interest loans for up to $2,000 in available financing. Just launch a capital raising campaign where you can receive an additional $100,000 in investment from your community.
Another popular crowfunding resource is Kickstarter has created an incredible list of continuously growing links to help artists and entrepreneurs get loans and grants through the coronavirus pandemic. Additionally you can take a shot and launch your own crowdfunding campaign.
Indiegogo, another crowdfunding platform is making it easy for small businesses to get a crowdfunding campaign started during the Covid-19 pandemic. They are waiving all campaign fees if you qualify until April 18th, but maybe they will extend that option. You still are able to get a campaign crowdfunded as well.
Patreon is a great platform to build continued support from your members and fans. They have also set up a relief fund to help small businesses impacted by Covid-19.
Amazon launched a business grant to help independent small businesses in the Seattle and Bellevue areas. To be eligible businesses must have fewer than 50 employees or less than $7 million in annual revenue and be service or retail establishments open to the general public. Apply for this grant here.
CFDA/Vogue created an initiative to raise funds and awareness for those in the American Fashion community that have been affected by the COVID-19 pandemic. Apply for this grant here.
Facebook launched the Small Business Grants Program giving $100M in ad credits and cash grants to help small businesses affected by the COVID-19 pandemic. To be eligible you must have between 2 & 50 employees, have been in business for over a year, & be in or near a location where Facebook operates. Find more information on these grants here.
Musicares created the COVID-19 Relief Fund to provide grants to industry professionals who have lost income due to cancelled eventsApplicants must have documentation stating proof of loss of income as well as proof of years in the music industry through references. Find more information and apply for this grant here.
GoFundMe created the Small Business Relief Initiative to support local businesses experiencing financial loss. When a small business raises $500 on their GoFundMe and meets the criteria, they can be considered to get a matching grant. This page has many fundraisers to look through and if you don’t find a fundraiser for your business start one here.
Shea Moisture and We Buy Black created the Black Business Relief Fund which will provide business grants to black owned businesses affected by the COVID-19 pandemic. Find out about this grant here.
Verizon and LISC partnered to create a COVID-19 Recovery Fund for small businesses especially those owned by women or minorities that have been affected financially by COVID-19. Apply for this grant here.
USBG created the Bartender Emergency Assistance Program to provide grants for bartenders and family of bartenders who have experienced a tragedy, lacking life necessities to handle the tragedy, and can provide documentation of such. Apply for this grant here.
Hello Alice has created the COVID-19 Business For All grant which provides grants to small businesses in crisis due to the coronavirus pandemic to ensure Business for All. Apply for this grant here.
The Spanx by Sara Blakely Foundation teamed up with GlobalGiving to establish The Red Backpack fund to support female entrepreneurs in need due to the coronavirus pandemic. Find more information on this grant here.
The Opportunity Fund provides grants to small businesses who are struggling financially due to the COVID-19 outbreak. Find information on this funding here.
American Farmland Trust created the Farmer Relief Fund to provide grants to support farmers who have been impacted by the COVID19 crisis. Find more information and the application here.
The James Beard Foundation has created The Food and Beverage Industry Relief Fund to give micro-grants to independently owned food and beverage businesses needing assistance. Find more information on this grant and how to apply here.
PDF’s De Colores Rapid Response Fund is providing grants to grassroots organizations making positive changes in communities of color and working class. Find more information on this grant here.
Opportunity Finance Network has partnered with Google to create The Grow with Google Small Business Fund to help businesses survive this crisis. Find more information on this loan here.
Stimulus 2020 is a privately funded program to support America’s local businesses. Apply for this grant here.
Shield Funding will continue to find relevant loan and grant programs and update this post to ensure our borrowing community has all the resources available to them. You can also download the the SHIELD FUNDING COVID-19 LOANS AND GRANTS to share.
