- 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%.
Guide to understanding what’s in the new federal relief package 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 Back2Business Grant
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.
Area served: Florida, Georgia, Illinois, New York, Wisconsin Audience: Small Business Owners
State of California
California Small Business Covid-19 Relief Grant Program
- Grants between $5,000 and $25,000 for California small businesses
- First round applications closed on January 13, 2021
- Second round of applications open February 2 to 8, 2021
- Visit website for more information and eligibility requirements
Area served: California Audience: Small Business Owners
Clear Creek EDC
Region 3 Micro-Enterprise Program
The CCEDC administers a Micro-Enterprise Loan Fund for small businesses with capital needs of less than $100,000. Funding for technical assistance is also available to develop solid business skills and improve the chance for success moving forward.
Area served: Colorado Audience: Small Business Owners
Oakland Black Business Fund
Oakland Black Business Fund
Funds are available for Black-owned businesses that have been impacted by the pandemic and recent protests. Phase 1 will provide immediate response funds for repairing damages, providing storefront protection, and replacing equipment losses as a result of protests and looting.
Area served: Oakland, California Audience: Small Business Owners
Greenline Ventures Emergency Microloan Program
In response to the COVID-19 pandemic, we established the Greenline Emergency Microloan Program (the “Program”) to provide much-needed funds to minority, women, or veteran-owned small businesses throughout Colorado that have been adversely impacted. Program Loans can be used in addition to the Paycheck Protection Program loans offered through the SBA. Loan Amount: Loans are available for $5,000 up to $25,000.
Area served: Colorado Audience: Small Business Owners
Town of Castle Rock and partners
Castle Rock CommUNITY Business Loan Program
The Castle Rock CommUNITY Business Loan Program is available to businesses located within the Town of Castle Rock who have been impacted by the COVID-19 pandemic. The intent of these $25,000 loans is to help small businesses survive and retain employees during these challenging times. Financing is available over twenty-four months (two years) at an interest rate of 0.00%. No repayments of principal are due during the first SIX months of the loan. Monthly payments over the remaining EIGHTEEN months will be $1,388.89.
Area served: Colorado Audience: Small Business Owners
CEDS
Denver Microloan Program
Denver’s new Microlending Program provides lending capital and support services to small businesses and entrepreneurs who lack access to traditional and conventional capital sources. The program’s broad goals encompass financial empowerment, community and individual wealth-building, job creation and retention, and neighborhood stabilization. Loans from $5,000 to $50,000 with terms up to five years are available to both startup or expansion phase companies.
Area served: Colorado Audience: Small Business Owners
Colorado, Office of Economic Development and International Trade (OEDIT)
Colorado COVID-19 Business Resource Center
These resources provide state and federal COVID-19 announcements, programs, and information relevant to Colorado businesses. Information on upcoming loans and grants.
Area served: Colorado Audience: Small Business Owners, Self-employed
City of Boulder, Boulder SBDC, Boulder area financial institutions, and the Colorado Enterprise Fund
Boulder Microloan Program
The Boulder Microloan Program is a partnership between the City of Boulder, Boulder Small Business Development Center, Boulder area financial institutions, and the Colorado Enterprise Fund. The microloan program helps provide general working capital to qualifying small businesses and nonprofit organizations in the Boulder area that have the ability to repay a loan, but may not be able to obtain financing through traditional sources. The fund provides loans up to $50,000 to businesses and nonprofit organizations with annual gross revenues of less than $2 million.
Area served: Colorado Audience: Small Business Owners