The Federal Reserve is expanding the scope and eligibility for the Main Street Lending Program, developed to help credit flow to small and medium-sized businesses that were in sound financial condition before the pandemic. Click here for more information.
Visit the U.S. Small Business Administration Coronavirus (COVID-19): Small Business Guidance & Loan Resources to find guidance for small and mid-sized businesses and employers impacted by COVID-19, an economic loan program, other SBA products and resources, guidance for businesses with federal contracts, and local assistance through district offices.
The new Coronavirus Aid, Relief, and Economic Security (CARES) Act has appropriated $376 billion in relief for American workers and small businesses. The small business funding programs are administered through the U.S. Small Business Administration (SBA).
Many States offer guidance for businesses and individuals impacted by COVID-19. We have compiled a list of local and state government websites for the states Federal conducts business below:
Arlington Small Business Emergency GRANT (Giving Resiliency Assets Near Term) Program (application opens in early May)
Below are resources that are available to assist small and midsize businesses through these challenging times. You are encouraged to research these programs to determine which might be of assistance to your business.
RWCF is working to collect information and links to resources that will help restaurants and workers deal most effectively with the COVID-19 Emergency. Click here for an up-to-date list.
Facebook is offering $100M in cash grants and ad credits to help during this challenging time. Apply here.
Hello Alice is offering $10,000 grants being distributed immediately to small business owners impacted by coronavirus. In addition to funding, grant recipients will receive ongoing support from the Hello Alice community.
Opportunity Fund, which specializes in money lending to small businesses owned by women, immigrants and people of color, is collaborating with investors and nonprofits to put together a coronavirus relief fund that will provide grants and low-interest rate loans.
The Spanx by Sara Blakely Foundation is giving 1,000 grants of $5,000 each to female entrepreneurs in the U.S. The window for applications will open on May 4, June 1, July 6, and August 3. Click here for more information.
GoFundMe will issue $500 matching grants to qualifying businesses that raise at least $500 on GoFundMe.com.
Kiva is offering 0% interest loans, expanding loan eligibility for more businesses in the US, increasing their maximum loan threshold from $10,000 to $15,000 and extending their grace period to up to 6 months for new borrowers.
To help deliver the working capital that businesses need, Honeycomb is offering 45-day payment free periods, 6-month interest-only periods and reducing their posting, success, and investor fees.
Mainvest, a crowdfunding platform, is offering a $2,000, zero-interest, 120-day loan for brick & mortar businesses affected by the shutdown when they launch a capital raise through their site.