- Loan program to support California’s small businesses
- Businesses eligible if they employed 50 or fewer employees (FTEs) and had gross revenues of less than $2.5 million or below in 2019
- Loans will need to be paid back over a 3- or 5-year term with a fixed annual interest rate that is currently 4.25%.
The latest on federal relief for small businesses
COVID-19 Loans & Grants
As developments continue to unfold in response to the spread of COVID-19, we know many small businesses have questions about implications in the workplace and funding options to help bolster their businesses during this difficult time. We are compiling relevant tips and resources and information on new funding opportunities and policy developments that we are sharing on our website and through online presentations. We will be posting daily updates to this page with useful information about the ways small businesses can prepare for the impact of COVID-19 on their business and community.
California’s Infrastructure and Economic Development Bank (IBank)
California Rebuilding Fund
Area served: California Audience: Small Business Owners
Association for Enterprise Opportunity
Fiserv US 2021 - Back2Business Grant
In partnership with AEO, the Fiserv + Clover Back2Business Grant Program will award grants of $10,000 to eligible Black- and minority-owned small businesses that have been impacted by COVID-19 and the resulting recession.
Area served: District of Columbia, Illinois, Maryland, Oklahoma, Texas, Virginia Audience: Small Business Owners
Jewish Free Loan Association
Coronavirus Small Business Loans
**Update** Interest-free loans can help residents of LA and Ventura get through the financial part of the Covid-19 crisis by offering loans without collateral, any interest, or fees. Interest free loans up to $18,000 are available for small businesses. No-fee, zero interest loans for business owners in Los Angeles and Ventura counties.
Area served: Los Angeles, Ventura counties, California Audience: Small Business Owners
Northeastern Colorado Revolving Loan Fund
Northeast Colorado Revolving Loan Fund - COVID Funding
Northeast Colorado Revolving Loan Fund is allocating $150,000 into a low interest program for those impacted by this disaster. NCRLF will offer loans at 4% for 36 months or less, with a maximum of $20,000 per business.
Area served: ogan, Morgan, Phillips, Sedgwick, Washington, and Yuma counties, Colorado Audience: Small Business Owners
Durango Creative District and 1st SouthWest Community Fund
Durango Creative District Covid-19 Emergency Relief
The Durango Creative District has partnered with 1st SouthWest Community Fund in implementing the first revolving Creative Loan Fund for Durango, CO. This loan is intended to help small businesses, nonprofits and individuals with working capital and business continuity. This loan fund is supported by the United States Department of Agriculture Rural Business Development Grant Program and by the Office of Economic Development and International Trade.
Area served: Colorado Audience: Small Business Owners, Self-employed, Non-profits
City of New York
New York Forward Loan Fund (NYFLF)
New York Forward Loan Fund (NYFLF) is a new economic recovery loan program aimed at supporting New York State small businesses, nonprofits and small landlords as they reopen after the COVID-19 outbreak and NYS on PAUSE. NYFLF targets the state’s small businesses with 20 or fewer full-time equivalent (FTE) employees (90% of all businesses), nonprofits and small landlords that have seen a loss of rental income. NYFLF is providing working capital loans so that small businesses, nonprofits and small landlords have access to credit as they reopen.
Area served: New York Audience: Small Business Owners, Non-profits
Colorado Enterprise Fund VALOR Loan Program
The VALOR Loan program was created to support transitioning service members, veterans, and their families with access to affordable capital to start and grow small businesses in Colorado. Loan Amount: Up to $500,000. Loan Rate: 2% discount from standard CEF rates. Origination Fee: 1.5%. Loan Term: Up to 10 years with interest-only period of up to 6 months. Loan Uses: Working capital, equipment, inventory, property improvements, business purchase, commercial real estate. Loan Process: Online application on CEF website with underwriting and approval following standard CEF processes.
Area served: Colorado Audience: Small Business Owners
Adams County Small Business Stabilization Program
The Adams County Community & Economic Development Department has established the Small Business Stabilization Program (SBSP) to provide local businesses with grants to retain jobs during the COVID-19 pandemic. The grants for the SBSP are paid for by the Community Development Block Grant (CDBG) program, which is funded by the U.S.
Area served: Colorado Audience: Small Business Owners
Greeley Community Development Fund
The Greeley Community Development Fund assists with the financial needs of companies expanding in or locating to the City of Greeley. The Weld/Larimer Revolving Loan Fund, the City of Greeley, commercial banks in Greeley and the Hispanic Loan Program have joined together to provide the initial funding for this loan program. Short-term financing or loan guarantee for up to 45% of total project costs. Remaining project costs to be funded through banks, private investors or other loan programs. Minimum loan amount - $20,000. Maximum loan amount - $125,000. Maximum loan term - 5 years.
Area served: City of Greeley, Colorado Audience: Small Business Owners
Small Business Strong
Corporate Grants and Funding
Small Business Strong is a private and public sector partnership set up to help women and minority owned small businesses navigate the devastating impact of the COVID-19 pandemic. We recognize that our 650,000 Massachusetts small businesses are the lifeblood of our towns, cities and communities. Small Business Strong provides expedited, pro-bono resources to small businesses ranging from access to capital to consulting, business restructuring, business growth, digital marketing and customer engagement plans.
Area served: Boston Metro, Western, Central, Eastern Massachusetts, Massachusetts Audience: Small Business Owners