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.

Featured
State loan/grant programs
California

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

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

State of California

California Small Business Covid-19 Relief Grant Program

Eligible applicants: current waitlisted applicants from certain previous rounds and new applicants that meet eligibility criteria found at CAReliefGrant.com

  • Grants between $5,000 and $25,000 for California small businesses

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

Application deadline: Thursday, September 30, 2021
Nonprofit loan/grant programs, Government loan/grant programs
California

Morgan Hill Community Foundation, Morgan Hill Chamber of Commerce

Small Business Micro Grant Application

The Morgan Hill Community Foundation (MHCF) in partnership with the Morgan Hill Chamber of Commerce (MHCC) seeks to support small businesses in the greater Morgan Hill Area facing existential threat due to the COVID-19 pandemic and job losses to their employees.

Area served: California
Audience: Small Business Owners

Application deadline: Friday, October 1, 2021
Nonprofit loan/grant programs
California

Sierra Business Council

Resilience Fund – Sierra

Eligible small business owners with fewer than 25 employees within the Tahoe-Truckee Airport District who have been affected by the COVID-19 pandemic. Eligible businesses must have a “brick-and-mortar” physical presence and fixed expenses. This includes retailers, restaurants, providers of specialty goods and services, and other storefront operations.

Area served: Truckee and North Lake Tahoe, California
Audience: Small Business Owners

Application deadline: Open, no end date posted
Low interest loans
California

iBank

California IBANK

iBank has Financial Development Corporation (FDC) partners throughout the state that assists businesses in securing a 95% guarantee on a bank loan for disaster relief.

Area served: Statewide, California
Audience: Small Business Owners

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

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

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

South County Economic Development Council

Emergency loan

South County EDC is offering a no-interest loan to eating establishments in South San Diego County. This small infusion of funds is intended to assist South County small restaurants to remain open and continue to provide meals during this national emergency.

Area served: San Diego, California
Audience: Small Business Owners

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

City of Santa Cruz

Grow Santa Cruz Loan Program

The City of Santa Cruz has formed a partnership with the National Development Council (NDC), one of the oldest not-for-profit corporations specializing in community and economic development, to offer the Grow Santa Cruz Loan Program.

Area served: California
Audience: Small Business Owners

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

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

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

The San Diego Foundation - Accion

San Diego County COVID-19 Small Business & Nonprofit Loan Program

The San Diego County COVID-19 Small Business & Nonprofit Loan Program (SBNLP) is a collaborative initiative designed to provide low-to-no-interest loans to small businesses and nonprofit organizations and aid in the region’s economic recovery from the coronavirus. This loan program is open to businesses located anywhere within San Diego County.

Eligible businesses can apply for the COVID-19 relief loan today, which has a low interest rate of 1% and no payments for the first six months of the loan.

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

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
Corporate loan/grant programs
National

Ebay, HelloAlice

eBay Up & Running Grants

Starting August 6, 2021, eligible small business sellers can apply to the eBay Up & Running Grants program. Fifty recipients will each receive a grant package of $10,000, including cash, coaching through eBay Seller School, and more. Apply today by sharing how you would invest the grant to grow your business online. 

Audience: Small Business Owners

Application closed
Corporate loan/grant programs, Nonprofit loan/grant programs
National

Tik Tok, Hispanic Heritage Foundation

Creciendo con Tik Tok

TikTok, Hispanic Heritage Foundation and partners have created a $150,000 grant fund aimed at expanding and elevating 30 Small Latinx Businesses across the U.S. celebrating the perseverance, hard work and commitment of Latinx business owners as champions of entrepreneurship during the COVID crisis. The fund will grant cash awards of $5,000 each to selected Latinx business owners from across the country who exemplify those business principles championed through TikTok.


Audience: Small Business Owners

Application deadline: Thursday, September 30, 2021
Corporate loan/grant programs
National

KKR, HelloAlice, Global Entrepreneurship Network

KKR Small Business Builders

Created as a key pillar of KKR's COVID-19 Relief Effort, KKR Small Business Builders (SBB) aims to support entrepreneurs and their small businesses around the world. The grants are designed to help business owners sustain their enterprises, maintain or create jobs, and spur economic opportunity as they respond to the ongoing COVID-19 crisis and recover from its resultant economic dislocation.


Audience: Small Business Owners

Application deadline: Friday, October 15, 2021
Government loan/grant programs
National

U. S. Department of Agriculture

Pandemic Response and Safety Grant Program

The Pandemic Response and Safety (PRS) Grant Program provides grants to food processors, distributors, farmers markets, and producers to respond to coronavirus, including for measures to protect workers against novel coronavirus 2019 (COVID–19). Apply between September 23 and November 8, 2021 for the grant.

Audience: Small Business Owners

Application deadline: Monday, November 8, 2021
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
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
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
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
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: 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

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
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
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

Asian/Pacific Islander Chamber of Commerce and Entrepreneurship

AAPISTRONG Proudly Unstoppable Fund

The AAPISTRONG Proudly Unstoppable Fund is a grant designed to provide relief for Asian American/Pacific Islander/Native Hawaiian (AAPI-) majority-owned businesses affected by COVID-19.


Audience: Small Business Owners

Application closed
Corporate loan/grant programs
National

Joann

Joann's Minority Grant Program

The second annual JOANN Minority Grant Program will provide grants totaling $100,000 to 20 small Hispanic business owners, in need of support to help achieve their business goals. Each grant recipient will receive $5,000 in Joann cash to help broaden their creative product supplies to further spread handmade happiness among their customers.

Audience: Small Business Owners

Application closed