Fiserv is giving back to help small businesses get Back2Business with a program focused on helping to jump-start Black- and minority-owned small businesses in hard-hit communities. Back2Business is designed to help stabilize and grow small businesses, with business consulting services, leading Clover payments technology solutions from Fiserv and financial support for employee payroll, rent or lease payments, operations equipment and resources.
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.
Association for Enterprise Opportunity
Fiserv Back2Business Grant
Area served: Florida, Georgia, Illinois, New York, Wisconsin Audience: Small Business Owners
California’s Infrastructure and Economic Development Bank (IBank)
California Rebuilding Fund
- 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%.
Area served: California Audience: Small Business Owners
BGE, Hello Alice
BGE Energizing Small Business Grants
BGE is pledging $15 million to assist Maryland’s small businesses with COVID-19 relief and recovery. Eligible businesses located in BGE’s service area can apply for a $20,000 BGE Energizing Small Business Grant. This grant program is part of BGE's comprehensive Customer Relief and Energy Infrastructure Investment Plan, designed to help the state’s economic recovery from the pandemic.
Area served: Maryland Audience: Small Business Owners
PepsiCo Foundation, Allies for Community Business
PepsiCo Foundation Hispanic Business Program
The PepsiCo Foundation is working with Community Development Financial Institution (CDFI) partners Allies for Community Business, Accion Opportunity Fund, Ascendus, DreamSpring, and LiftFund to support Hispanic-owned small food & beverage businesses. The program will provide $10,000 grants to 150 Hispanic-owned food and beverage businesses. The program also includes free business coaching in English and Spanish for 500 Hispanic-owned food and beverage businesses.
Area served: California, Colorado, Florida, Illinois, Nevada, New York, Texas Audience: Small Business Owners
SF New Deal
Small Business Debt Relief Grant Program
SF New Deal is excited to launch a micro grant program to give $1,000,000 to small businesses in San Francisco. This grant is open to all small businesses, including newly opened businesses.
Area served: California Audience: Small Business Owners
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
First Southwest Community Fund
1st Southwest Community Fund - Emergency Loans Fund - Telluride Region
As part of the Telluride Regional Loan Fund, we have dedicated funds to offer Emergency Loans to start-ups or for-profit businesses in the following counties: Dolores, Montrose, Ouray, San Juan or San Miguel. LOANS CAN BE USED FOR: Working capital; Business continuity. LOAN TERMS: Loan amount: $5,000-$10,000; 3% interest rate with 7 year term;
$100 fee; No payments for first 180 days.
Area served: Colorado Audience: Small Business Owners, Self-employed
The City of Tempe
Tempe Small Business Emergency Loan Program
In partnership with Phoenix-based Desert Financial Credit Union, have launched the Tempe Small Business Emergency Loan Program, providing loans of $5,000-$20,000 to businesses with 5-50 employees. Loans are primarily intended to bridge the gap until small businesses obtain relief from the federal Paycheck Protection Program. The interest rate is four percent, with loan terms up to 48 months, and the first payment deferred up to 90 days.
Area served: Arizona 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
Pennsylvania Industrial Development Authority
Pennsylvania Industrial Development Authority Fund
Pennsylvanis has created a $61 million fund to provide working capital loans of up to $100,000 directly to small businesses and hopefully nonprofits (those that employ 100 or fewer persons). The interest rate is currently 3%, however the PIDA board has the authority to adjust the interest rates and so it is possible the board will act to lower rates to as low as 0%. The program will be administered by the Pennsylvania Industrial Development Authority (PIDA).
Area served: Pennsylvania Audience: Small Business Owners