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
Nonprofit loan/grant programs, State loan/grant programs
Colorado

Energize Colorado

Energize Colorado Gap Fund

Energize Colorado Gap Fund is currently taking applications, with the goal of trying to put financial assistance into the hands of small businesses overlooked in prior programs.

That includes female-owned, minority-owned, veteran-owned and rural-based businesses that are so small they have struggled to gain the attention of commercial banks or access federal lending programs.

Area served: Colorado
Audience: Small Business Owners

Application deadline: Thursday, December 31, 2020
Local government loan/grant programs, Nonprofit loan/grant programs
Colorado

Southeast Colorado Enterprise Development, Inc.

SECED BLF Facade Loan Program

Funds for: affixed signage, window lettering, store-front awnings, new windows, new entry door, exterior painting, other exterior improvements. Possible maximum loan amount of $5,000. 0% Interest for maximum of 3 years. Before and after picture to be submitted. Copies of receipts to be submitted after work is completed.

Area served: Colorado
Audience: Small Business Owners

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

Colorado Lending Source

Small Business Emergency Loans for Rural Colorado

Colorado Lending Source has made loan funds available specifically for businesses impacted by the COVID-19 pandemic that are located in rural Colorado. 

Area served: Colorado
Audience: Small Business Owners

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

City of Fruita

Fruita Small Business Emergency Assistance Fund

The purpose of the Fruita Small Business Emergency Assistance Fund is to assist qualifying Fruita small businesses who are facing financial hardships due to the COVID-19 pandemic. The fund is a partnership between the City of Fruita and the Business Incubator Center. Loans from this fund will provide gap funding for small businesses located within the city limits of Fruita to cover up to two month’s cost of operations.

Area served: Colorado
Audience: Small Business Owners

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

Grand Foundation

Grand County & Grand Foundation Emergency Small Business Assistance Fund

This Fund, created in response to the economic impact of COVID-19, will provide relief to small businesses that may have had to temporarily close, are struggling with paying rent, mortgage and or utilities. This fund is for small businesses, this is defined as a business that has a bricks and mortar location and an employee base of 50 or less.

Area served: Colorado
Audience: Small Business Owners

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

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

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

First Southwest Community Fund

First Southwest Community Fund COVID-19 Rapid Response and Recovery Fund

In partnership with ZOMA Foundation, Catena Foundation, and Gates Family Foundation, nonprofit First Southwest Community Fund (FSWCF) is establishing a $3 million COVID-19 Rapid Response & Recovery Loan Fund to offer affordable loans to rural businesses and nonprofits affected by the COVID-19 crisis, with the goal to protect jobs and invest in our communities in the short, medium and long-term.

Area served: Colorado
Audience: Small Business Owners

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

Southeast Colorado Enterprise Development, Inc.

SECED Business Loan Fund & Micro Loan

The BLF is an alternative (gap) financing method designed to help finance business projects that will positively impact the economic health of the communities within Baca, Bent, Crowley, Kiowa, Otero and Prowers counties. Individuals who meet eligibility requirements may apply.

Area served: Colorado
Audience: Small Business Owners

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

Telluride Community Foundaiton

Telluride Regional Loan Fund

Provide working capital loans for business growth and expansion creating more and better jobs. Loans could be combined with other lending sources to create a robust financial package. Lending is designed to help businesses create a financial base that leads to bridging to commercial lending. Purpose of fund is to help company cover working capital expenses. $25,000-$100,000. Repayment Term: 36 month term w/balloon and 10 year amortization. Rate: base rate + 2% margin. Collateral: secured.

Area served: Colorado
Audience: Small Business Owners

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

Greeley Area Chamber of Commerce

Greeley Area Recovery Fund

The Greeley Area Chamber of Commerce seeks to provide more immediate relief to compliment that which will be given from Federal sources. This relief can help to stem the gap as businesses are operating with critical weeks and days before their operation is changed forever. The Greeley Area Chamber of Commerce is partnering with the City of Greeley, the City of Evans, and Upstate Colorado Economic Development to create the Greeley Area Business Recovery Fund. Our goal; a short term grant program to assist local businesses hardest hit during the current crisis and offer immediate relief.

Area served: Colorado
Audience: Small Business Owners

Application deadline: Open, no end date posted

Pages

National Resources

Featured national resource
Corporate loan/grant programs
National

Ebay, HelloAlice

eBay Up & Running Grants

This holiday season, eBay is giving back to the small businesses that power America. eBay is awarding more than $500,000 in grants and education resources to help small businesses stay up and running online and secure their future into 2021 and beyond. 50 eBay small business sellers will receive grant packages of $10,000, including cash, eBay credits, coaching through eBay Seller School, and more. Apply by sharing how you would invest the grant to grow your business online. 

Audience: Small Business Owners

Application deadline: Friday, December 11, 2020
Featured national resource
Corporate loan/grant programs, Local government loan/grant programs, Low interest loans, Nonprofit loan/grant programs, State loan/grant programs, Government loan/grant programs
National

Small Business Majority

Tips on finding funding and avoiding predatory lending during COVID-19

With state-mandated lockdowns and business closures, small business owners across the country are struggling to pay employees, rent, overhead costs and more. Now more than ever, it is important to be wary of predatory lenders as you seek out capital to keep your business afloat. Our guide to avoiding predatory lending includes guidelines for applying for PPP and EIDL, a checklist to determine if a loan is predatory and an outline of the Small Business Borrowers' Bill of Rights.

This document has been translated into Chinese, Vietnamese, Korean, Burmese, Khmer, Hmong, Bangladeshi, Nepali, Bhutanese, Hindi, Urdu, Punjabi, Thai, Lao, Tagalog, Samoan, Tongan and Marshallese in partnership with the National Coalition for Asian Pacific Americans Community Development with a grant from the Ewing Marion Kauffman Foundation.

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

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

Comcast

Comcast RISE

Comcast RISE is committed to supporting small businesses who have been hit the hardest by the economic impact of the pandemic. If your business qualifies, you’ll have the opportunity to receive marketing consultations, media placements, commercial creative production services, or technology services from Effectv and Comcast Business. Beginning November 24, 2020, all BIPOC small business owners will be eligible to apply.

Audience: Small Business Owners

Application deadline: Open, no end date posted
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. Small Business Administration

SBA Economic Injury Disaster Loan

Now accepting new applications for COVID-19 Economic Injury Disaster Loans. If you have previously applied and not heard a decision, do not reapply. This portal is for new applications only. Check the SBA website for more information.

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

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

U.S. Department of Agriculture - USDA

USDA Coronavirus Food Assistance Program 2

USDA’s Farm Service Agency is accepting CFAP 2 applications now through December 11, 2020.

USDA launched the Coronavirus Food Assistance Program (CFAP) to help farmers and ranchers affected by the COVID-19 pandemic. A total of $16 billion will be available in direct payments to agricultural producers and $3 billion in food purchases.

Audience: Small Business Owners

Application deadline: Friday, December 11, 2020
Nonprofit loan/grant programs
National

BeyGOOD - NCAAP

Black-Owned Small Business Impact Fund

BeyGOOD is on a mission to spread hope. The goal is to provide a lifeline for small businesses at the epicenter of dual pandemics. NAACP has teamed up with the BeyGOOD to expand economic opportunity by awarding grants of $10,000 on the 15th of each month through the end of 2020.

Audience: Small Business Owners

Application deadline: Friday, December 18, 2020
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

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
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

Restaurant Workers' Community Foundation Zero Interest Loans for Restaurants

The RWCF is in the process of working with our legal advisors to develop this area of work. In the coming weeks, we will produce a draft set of criteria for small businesses that can be applied fairly, and which align with our mission of supporting hospitality industry leaders committed to creating better working conditions across our four program areas: wage fairness and career ladders, gender equity and sexual violence, racial justice and support for the immigrant community, mental health and substance abuse. As we develop criteria, we will explore whether or not we can or should publicly name the businesses supported through the program, but at the very least, we will report on number of loans made and other relevant data. The Restaurant Workers’ COVID19 Crisis Relief Fund is currently open.

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

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
Nonprofit loan/grant programs
National

Support Latino Business

Support Latino Business Impact Fund

To apply for the Support Latino Business Impact Fund, you must register in the Latino Business free directory. Once you're registered, Support Latino Business will send information about the application process.  Support Latino Business will provide grants ranging from $1,000 – $5,000 to help support our Latino Business community who have been affected by COVID. 

To be eligible, business must be a majority of Latino/x-owned (51% or more) and have been in business for at least one year. Grant funds must be used to directly support the applicant’s business. The SLB Board will review initial applications and select finalists, who will enter a public voting period.

The application process opens on Monday, September 21, 2020.

Audience: Small Business Owners

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

Lowe’s-LISC Partnership

Lowe’s - LISC’s Covid Rapid Relief & Resiliency Fund

Round 5 application period is now closed. Register to be notified of the next round opening August 31st.
Grants to small business owners to help meet their most immediate needs. Eligible expenses include: paying rent and utilities, meeting payroll, paying outstanding debt to vendors, upgrading technology infrastructure and other immediate operational costs.

Audience: Small Business Owners

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

GoFundMe

The Small Business Relief Initiative

As part of the Small Business Relief Initiative, GoFundMe, Intuit QuickBooks, Yelp, GoDaddy, and Bill.com have each donated to the Small Business Relief Fund. GoFundMe.org, the charitable and advocacy arm of GoFundMe, started the Small Business Relief Fund to benefit small businesses. Supporters can donate to the Small Business Relief Fund, which will issue $500 matching grants to qualifying businesses that raise at least $500 on GoFundMe. More partners will be announced in relation to this initiative at a later date.

Audience: Small Business Owners

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

Spanx by Sara Blakely Foundation

Red Backpack Fund

$5,000 grants available to women entrepreneurs to help alleviate immediate concerns.

Audience: Small Business Owners

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

Facebook

Committing $100M in grants to Black communities

Applications will open in August!
Facebook is committing $100 million to the Black business community in the US. This includes $25 million in support of Black content creators and $75 million in grants of cash and ad credits to support Black-owned small businesses and nonprofits supporting the Black community.

 

Audience: Small Business Owners, Non-profits

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

Amber Grants for Women

Amber Grant

The Amber Grants began in 1998. It was launched by WomensNet to honor the memory of a young woman, Amber Wigdahl, who died at the age of 19 – unable to fulfill her entrepreneurial dreams. In 2020, the Amber Grant has been doubled to $4,000. Earn any Amber Grant through November, 2020, and you’ll be eligible for an additional $25,000 grant at the end of this year.

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

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

SBA - U.S. Small Business Administration

Paycheck Protection Program: For self-employed and independent contractors

The SBA has issued additional guidance around how self-employed individuals and independent contractors can qualify for the Paycheck Protection Program.

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

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
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
Low interest loans, Nonprofit loan/grant programs
National

Crowdfund Better

COVID-19 Crowdfunding Relief Initiatives

A list of crowdfunding platforms that have created special COVID-19 relief initiatives for U.S.-based campaigns.

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
National

SBA - U.S. Small Business Administration

Paycheck Protection Program

Congress on July 1 passed an extension to the Paycheck Protection Program, giving businesses until Aug. 8, 2020, to apply. 

The CARES Act and subsequent legislation include $659 billion for federally guaranteed loans for small businesses, sole proprietors, self-employed individuals and independent contractors affected by the COVID-19 crisis. These loans can be forgiven if the proceeds are spent on payroll, benefits, mortgage interest, rent and utilities. SBA has issued interim rules for both employer businesses as well as the self-employed that answer many questions on determining eligibility and other components of these programs.

Audience: Small Business Owners, Self-employed

Application deadline: Saturday, August 8, 2020
Nonprofit loan/grant programs
National

Rural LISC

Rural Relief Small Business Grants

LISC is inviting small business owners in rural locations across the country to apply for the LISC-Lowe's Rural Relief Small Business Grants program. Only small businesses located in rural communities are eligible at this time. Rural communities are defined as having a population of 50,000 or less. A community is defined as the city/town/village where your business address is located. If the business is mobile (a food truck, fishing boat, ride share driver, etc) please use the address where your vehicle is stored during non-business hours. Next round of grants will start on October 26th and end on November 2nd.

Audience: Small Business Owners

Application deadline: Monday, November 2, 2020
Corporate loan/grant programs
National

DoorDash - Hello Alice

DoorDash Small Business Grant

DoorDash is providing $5,000 grants to small businesses selected through an application process in select cities across the U.S. as part of its Main Street Strong initiative to help restaurants recover and succeed amidst COVID-19 related challenges.

Audience: Small Business Owners

Application deadline: Friday, November 6, 2020
Nonprofit loan/grant programs
National

Hello Alice

Hello Alice Business for All Grant

Apply for grants up to $50,000 to support business growth, including $10,000 emergency COVID-19 Business for All Grants to help small businesses in crisis. Business for All is a national movement to lift up 100,000 small business owners to receive funding

Audience: Small Business Owners

Application deadline: Tuesday, November 10, 2020
Corporate loan/grant programs
National

Tory Burch Foundation

Fellows Program

The Fellows Program is a year-long program to help you lead, grow and scale your business. You will receive a 1-year fellowship, virtual education, workshops and intensives to grow your business; premier peer network; a $5,000 grant to advance your business education; and a trip to the Tory Burch offices.


Audience: Small Business Owners, Self-employed

Application deadline: Thursday, November 12, 2020
National

Ford

Ford Driving Dreams Latina Entrepreneurs

The initiative will provide access to capital, educational resources, networking opportunities and other business development tools for Latina entrepreneurs. As minority-owned small businesses have been especially hard hit during COVID-19 and Hispanics have been disproportionally affected by the pandemic overall, the new initiative is designed to provide critical support for Latina-owned businesses—helping them overcome current challenges and develop plans for future growth.

Audience: Small Business Owners, Self-employed

Application deadline: Friday, November 13, 2020