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.

Local government loan/grant programs
Illinois

Little Village Chamber of Commerce

Road to Recovery

The Road to Recovery program awards scholarships between $1000-3000 to Little Village businesses that include use of technical assistance.

Restaurant assistance includes PPE, Covid-19, accounting, technology, and food and labor management training.

Business support services include assistance in contracts, leasing, rent, workforce, and administration.


Area served: Illinois
Audience: Small Business Owners, Self-employed

Application deadline: Open, no end date posted
Nonprofit loan/grant programs
California

Jewish Free Loan Association

Gig Worker & Independent Contractor Help And Assistance

Loans for flexible work, freelance jobs, and temporary employment, up to $10,000.

Area served: California
Audience: Self-employed

Application deadline: Open, no end date posted
Nonprofit loan/grant programs
Georgia

LiftFund

LiftFund Georgia

Grow your small business with a 0% interest loan! LiftFund is proud to partner with Community Foundation for Greater Atlanta, The Wilbur and Hilda Glenn Family Foundation, R. Howard Dobbs, Jr. Foundation and Capital One to support Atlanta businesses with recovery funding at zero-percent interest.  

Area served: Georgia
Audience: Small Business Owners

Application deadline: Open, no end date posted
Local government loan/grant programs
California

San Diego County

County of San Diego Small Business Stimulus Grant

The Small Business Stimulus Grant Program is funded by Board of Supervisors allocated federal CARES Act funding and County General Fund. The grant funding provides economic assistance to help businesses and nonprofit entities impacted by COVID-19. Financial assistance will be allocated to eligible, qualified small businesses and nonprofit entities with final award recommendations made by individual district offices based on the availability of funds, program guidelines, and the submission of all required information and supporting documentation.

Area served: California
Audience:

Application deadline: Open, no end date posted
Corporate loan/grant programs
Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, Vermont

Vistaprint, Boston Celtics Shamrock Foundation, NAACP

Power Forward Small Business Grant

The Power Forward Small Business Grant program aims to create a lasting impact through the economic empowerment of Black-owned small businesses across New England. Through a joint commitment of $1 million, Vistaprint and the Boston Celtics are teaming up with the NAACP to award transformative grants of $25,000 on a rolling basis. Through this initiative, grant recipients will have opportunities to be featured on national co-branded platforms along with receiving marketing and design resources customized to their specific needs to help their business grow and thrive.

Area served: Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, Vermont
Audience: Small Business Owners

Application deadline: Open, no end date posted
Nonprofit loan/grant programs
New York

Hebrew Free Loan Society

Coronavirus Financial Impact Loan

The Coronavirus Financial Impact Loan Program provides interest-free loans of $2,000-$5,000 to residents of New York City’s five boroughs, Westchester, or Long Island who are facing financial challenges caused by the Coronavirus outbreak. Loan applicants must have annual pre-tax household income at or below the income limits for their household size.

Area served: New York City, Long Island, Westchester, New York
Audience: Small Business Owners, Employees, Self-employed, Non-profits

Application deadline: Open, no end date posted
Local government loan/grant programs
California

Community Vision

California Fisheries Fund

The California Fisheries Fund offers affordable loans to small-scale fishermen, fishing enterprises, ports, and nonprofits.

Area served: California
Audience: Small Business Owners

Application deadline: Open, no end date posted
Local government loan/grant programs
California

California Rebuilding Fund

San Francisco Small Business Recovery Fund

The San Francisco Small Business Recovery Fund is offering 0% loans to businesses in San Francisco.

Area served: California
Audience: Small Business Owners

Application deadline: Open, no end date posted
Nonprofit loan/grant programs
California

Immigrants Rising

Spark

Learn how to leverage your skills, knowledge and experience to make money through freelancing or starting your own business. You must complete Spark's entrepreneurship training to apply to receive funding.

Area served: California
Audience: Small Business Owners, Self-employed, Non-profits

Application deadline: Open, no end date posted
Nonprofit loan/grant programs
California

CDC Small Business Finance

Childcare and Preschool Loan

The Childcare and Preschool Loan can be used to acquire an existing Child Care business, Preschool, or to expand your current operations. In all cases, CDC Small Business Finance will help you assess the situation to identify the right financing to support your growth.


Area served: California
Audience: Small Business Owners, Self-employed

Application deadline: Open, no end date posted

Pages

National Resources

Featured national resource
Government loan/grant programs
National

Small Business Administration

Economic Injury Disaster Loan Advance

On March 24, the Small Business Administration has authorized the increase in loan amounts from $150,000 to $500,000, starting on April 6, 2021.

Audience: Small Business Owners, Self-employed, Non-profits

Application deadline: Friday, December 31, 2021
Featured national resource
Government loan/grant programs
National

SBA - U.S. Small Business Administration

PPP Loan Forgiveness Forms and FAQ

The SBA recently released its PPP Loan Forgiveness Application form. We are providing highlights and examples from the form below to help guide you through the process. If you have specific questions not covered here, please ask on our Community page where you can engage with business experts and other small business owners. The SBA has announced that it will begin accepting forgiveness application forms on August 10.

Audience: Small Business Owners, Self-employed, Non-profits

Application deadline: Open, no end date posted
Featured national resource
Government loan/grant programs
National

U.S. Department of the Treasury

State and Local Fiscal Recovery Funds

The Coronavirus State and Local Fiscal Recovery Funds provide a substantial infusion of resources to help turn the tide on the pandemic, address its economic fallout, and lay the foundation for a strong and equitable recovery.

Audience: Small Business Owners

Application deadline: Open, no end date posted
Featured national resource
Corporate loan/grant programs
National

Verizon

Verizon Small Business Digital Ready grant

Complete two courses or coaching events from the program to be eligible to apply for a Verizon Small Business Digital Ready $10,000 grant.

Audience: Small Business Owners, Self-employed

Application deadline: Open, no end date posted
Corporate loan/grant programs
National

Hello Alice

Hello Alice’s 2022 Small Business Growth Fund

Hello Alice is kicking off 2022 as the Year of Small Business by awarding 50 small business owners with $5,000 grants to fuel their success in 2022.

Audience: Small Business Owners

Application deadline: Friday, December 10, 2021
Corporate loan/grant programs
National

Amazon

Black Business Accelerator

Amazon's Black Business Accelerator is a grant program aimed to address historical, manifest imbalances by growing and advancing equity for Black-owned businesses. The program offers financial assistance, business education & mentorship, and marketing & promotional support.


Audience: Small Business Owners

Application deadline: Friday, December 31, 2021
Government loan/grant programs
National

Early Childhood Training and Technical Assistance System

State and Territory Child Care Stabilization Grant Applications

States, the District of Columbia and Puerto Rico will award subgrants to eligible child care providers. The child care stabilization subgrants will provide financial relief to child care providers to help defray unexpected business costs associated with the pandemic, and to help stabilize their operations so that they may continue to provide care.

Audience: Small Business Owners, Self-employed

Application deadline: Open, no end date posted
Corporate loan/grant programs
National

Google and Alphabet

Google Ad Credits

To help address some of these challenges, Google is offering more than $400 million in Google Ad credits to small businesses.

Audience: Small Business Owners

Application deadline: Open, no end date posted
Nonprofit loan/grant programs
National

Amber Grants for Women

Amber Grant

The Amber Grants began in 1998. Today, WomensNet carries on that tradition, giving away at least $10,000 every month in Amber Grant money. We’ve also expanded our grant-giving to include a year-end grant of $25,000.

Audience: Small Business Owners, Self-employed, Non-profits

Application deadline: Open, no end date posted
Government loan/grant programs
National

CDC Small Business Finance

Commercial Real Estate Loan

You can use an SBA 504 loan to buy, construct or improve commercial real estate or to purchase heavy equipment. 

Audience: Small Business Owners

Application deadline: Open, no end date posted
Government loan/grant programs
National

United States Department of Agriculture

USDA Farm Ownership Loans

No current or previous farm ownership requirements and 100 percent financing available make FSA direct farm ownership loans a valuable resource to help farmers and ranchers become owner-operators of family farms, improve and expand current operations, increase agricultural productivity, and assist with land tenure to save farmland for future generations. FSA’s Direct Farm Ownership loans are used to: buy a farm or ranch, enlarge an existing farm or ranch, make a down payment on a farm, purchase of easements, construct, purchase or improve farm dwellings, service buildings or other facilities and improvements essential to the farm operation, promote soil and water conservation and protection, pay loan closing costs.

Audience: Small Business Owners, Self-employed

Application deadline: Open, no end date posted
Nonprofit loan/grant programs
National

Hivers & Strivers

Venture Capital for Entrepreneurs

Hivers & Strivers' newest fund, Venture Capital for Veterans, invests exclusively in companies led by military veterans.


Audience: Small Business Owners

Application deadline: Open, no end date posted
Government loan/grant programs
National

United States Department of Agriculture

USDA Guaranteed Farm Loan Program

An alternative loan option for those seeking commercial lending assistance is the Guaranteed Farm Loan Program. Farm Service Agency works with USDA-approved banks and other commercial lenders. You apply for these loans through the approved lender and agree to their terms and conditions. Guaranteed Farm Loans are only available for family farmers or ranchers and must be used for farm ownership and operating expenses.

Audience: Small Business Owners, Self-employed

Application deadline: Open, no end date posted
Government loan/grant programs
National

United States Department of Agriculture

USDA Direct Farm Operating Loan

The maximum loan amount for this loan is $400,000. There is no down payment requirement. Interest rates are calculated monthly and are posted on the 1st of each month. The purpose of the loan must be essential to the success of the farming or ranching operation. The funds may be used to purchase equipment, seed, livestock, and other necessities. They can be used to refinance certain farm-related debts (excluding real estate). Repayment terms vary from 1 to 7 years. The length of the loan depends on the amount and purpose of the loan. Collateral is required. Collateral for farm operating loans may be required up to 150% of the value of the loan.

Audience: Small Business Owners, Self-employed

Application deadline: Open, no end date posted
Government loan/grant programs
National

United States Department of Agriculture

USDA Microloan Programs

The focus of Microloans is on the financing needs of small, beginning farmer, niche and non-traditional farm operations, such as truck farms, farms participating in direct marketing and sales such as farmers’ markets, CSA’s (Community Supported Agriculture), restaurants and grocery stores, or those using hydroponic, aquaponic, organic and vertical growing methods.

Audience: Small Business Owners, Self-employed

Application deadline: Open, no end date posted
Nonprofit loan/grant programs
National

Kiva

Kiva loan

Venturize is partnering with Kiva to bring affordable capital to small business owners during these challenging times. Kiva provides loans of $1,000-$15,000, zero-percent interest and no fees. There is a 6 month grace period and then fixed monthly principal payment (12-36 months). Funds are raised through community-backed crowdsourcing. Kiva will offer Venturize-referred applicants priority review if you apply through this link and mark "Venturize" as the answer to "how did you hear about Kiva." 

Audience: Small Business Owners

Application deadline: Open, no end date posted
Low interest loans, Nonprofit loan/grant programs
National

RCAC

RCAC Small Business Loans

RCAC is a 501(c)(3) nonprofit organization that provides training, technical and financial resources and advocacy so rural communities can achieve their goals and visions. RCAC’s Small Business Loan Program assists businesses to retain or create jobs and thus improve the economic condition of rural communities. This program offers short-term loans (up to $250k) for working capital and lines of credit as well as long-term loans for real estate and equipment. Most small businesses rely on lenders to provide the capital they need for acquisitions, capital improvements, business expansions and to bridge cash flow gaps. Without loans, many small business owners would be unable to realize their dreams of running their own business or expanding their operations. RCAC’s business loans are tailored to the needs of the particular business with flexible terms and requirements.

Audience: Small Business Owners

Application deadline: Open, no end date posted
Nonprofit loan/grant programs
National

Connect2Capital

Connect2Capital Loan

Connect2Capital is an online marketplace of nonprofit lenders. Fill out a short form to get connected to a network of lenders that may be able to help.

Audience: Small Business Owners

Application deadline: Open, no end date posted
National

Intuit

Intuit Aid Assist

Intuit Aid Assist—a free service for everyone—helps U.S.-based businesses, self-employed, contractors, freelancers, and gig workers understand different business relief programs available due to the COVID-19 crisis. Start with a loan eligibility assessment or get an estimate with loan calculators.

Audience: Small Business Owners, Self-employed

Application deadline: Open, no end date posted
Corporate loan/grant programs
National

SoGal Foundation

SoGal Black Founder Startup Grant

Black women entrepreneurs receive less than .5% of venture capital funding. We are standing up to help change that.


SoGal Foundation has teamed up with Winky Lux, bluemercury, twelveNYC, and other sponsors to make a small step towards progress by providing several $10K and $5K cash grants to Black women or nonbinary entrepreneurs. Awardees will also receive tactical help navigating the fundraising environment at large so that they will have a more equitable opportunity at scaling the next billion dollar idea. They will also receive lifetime “ask-me-anything” access to the SoGal Foundation and SoGal Ventures teams.

Audience: Small Business Owners

Application deadline: Open, no end date posted
Nonprofit loan/grant programs
National

Community Foundation Public Awareness Initiative

Coronavirus Relief Efforts

325 U.S. community foundations in all 50 states, plus the District of Columbia, have created relief funds to support those affected by COVID-19, directing critical relief to local nonprofits and partnering with local governments and health organizations to help contain its spread.

Audience: Small Business Owners, Non-profits

Application deadline: Open, no end date posted