COVID-19 Loans & Grants

The Verizon Small Business Digital Ready program provides you a personalized curriculum including learning modules, expert coaching, networking opportunities, and more. Members are also eligible to apply for a $10,000 grant to help small businesses like yours move forward. To be eligible to apply, users must complete any combination of 2 courses, coaching events and community events between 7/1/22 and 11/14/22, and apply by 11/14/22. Engagements through Personalized Mentoring feature are not included towards grant eligibility.

PepsiCo invites all Jefas to step into the spotlight and apply for the Juntos Crecemos Hispanic Digital & Delivery Program. Besides getting expert one-on-one coaching and resources, the first 40 Latina small business owners to complete the eight-week consultation curriculum of the Juntos Crecemos Hispanic Digital & Delivery Program will receive an exclusive Jefa-Owned neon sign in honor of your hustle - for everyone to see.

The Small Business Growth Fund provides the capital entrepreneurs need to make their next big move. Each recipient will receive a $5,000 grant, provided by Mastercard, to accelerate their growth and continue to help make 2022 the year of their small business.

A total of $25,000 will be awarded to 25 veteran-owned and-led small businesses nationally.

Inspired by Founders First CEO, Kim Folsom’s brother, U.S. Navy veteran Stephen L. Tadlock, the $25,000 fund will make investments of $1000 each to 25 veterans who are running employer-based small businesses across the country.  

The Alibaba.com Manifest Grants Program will provide $10,000 cash grants + up to $5,000 logistics support to 50 small businesses that have innovative product ideas strategies. In addition, one grant recipient from the 50 winning businesses will be selected in February to receive additional funding and be featured at Alibaba.com’s next global event for having the most innovative product!

The Upskilling grant program is for small businesses that intend to train and upskill low-wage workers age 50+, this grant program will reimburse employers up to $2,000-$2,500 per employee for training, provided the grantee meets the eligibility criteria.

Black Future Makers are dedicated individuals pursuing greater possibilities for the greater good. Submit a video of 30-60 seconds, or photo, on your Instagram feed explaining how you are pursuing greater possibilities for you and the community. Grants for $10,000.

Black women-owned businesses are vital to our economy yet receive less than one percent of venture capital funding. Fearless Fund is deepening its commitment to this community with the launch of the contest.

With Mastercard prizing, Fearless Fund will be awarding eleven lucky small businesses across the country $10,000 grants, digital tools to help them get and sustain their business online, and Priceless one-on-one mentorship so they can continue to bolster their business.

Apply now to be accepted into IFundWomen of Color, an inclusive cohort of diverse entrepreneurs who will get access to capital through crowdfunding and grants, coaches and mentors with a shared experience, and a private network to collaborate, commiserate, and celebrate with.

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.

The BIPOC Business Grant provides resources for small business owners in two ways:

1. Small business marketing, which supports Black-owned and minority-owned businesses by providing free SEO evaluations, advice, and planning.
2. Minority business micro-grant, which is a (1) $100 monthly grant. One person is chosen each month from the applications received and are given a $100 micro-grant. A grant winner will be selected on the last date of each month.

Mission Driven Finance is a private impact investment firm dedicated to building a financial system that ensures good businesses have access to sufficient, affordable capital. They make commercial loans to small businesses and nonprofits committed to doing good in their community.

Could your business make more money if you had additional capital? Are you a contractor or subcontractor who has experienced credit denial that has prevented you from expanding, hiring, and executing on projects?

Mission Driven Finance sees tremendous opportunity to help small businesses grow and access corporate and government procurement spend as they implement supplier diversity programs. Mission Driven Finance ensures that access to capital isn’t one of the things preventing your business from landing—and executing—a big bid.

Their loans don’t require personal credit scores or personal guarantees.

Loans for:

You must be a Black-owned business with a brick-and-mortar shop within the United States and less than 20 employees. If selected for the program, you must join Wish Local (which is free). Grants for up to $2000.

Criteria:

-Latinx-Led: At minimum one startup leader who identifies as Latinx/Hispanic and has a substantial portion of equity ownership

-Stage: Early Stage: Pre-Seed, Seed, "Pre-Series A"

-Sectors/Markets: Agnostic

-Type: Traditional startup or scalable impact venture

-Geography: Incorporated in United States

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.

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

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.

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.

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.

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.

In partnership with PepsiCo Foundation, the National Urban League, through its 12 Entrepreneurship Centers in cities across the U.S., has launched the Black Restaurant Accelerator Program (BRAP). The BRAP will help address these barriers and take a long-term view by pairing participants with entrepreneurship advisors and PepsiCo employee volunteers to build an actionable plan for growth.

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.

Entrepreneurs participate in a twelve-week virtual accelerator starting January 2023 that focuses on entrepreneurial management and personal coaching from top executives, startup legends, and industry titans. Past guests have included Jeff Wilke (CEO of Amazon Worldwide Consumer), Johnathan Mildenhall (former CMO of Airbnb), and Jonah Peretti (Founder and CEO of Buzzfeed).