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.

Nonprofit loan/grant programs, State loan/grant programs
North Carolina

NC Rapid Recovery

North Carolina COVID-19 Rapid Recovery for Small Business

Emergency disaster bridge loans for businesses, offered at 0% for six months, followed by 5.5% rate for 48 months.

Area served: North Carolina
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
New York

City of New York

New York Forward Loan Fund (NYFLF)

New York Forward Loan Fund (NYFLF) is a new economic recovery loan program aimed at supporting New York State small businesses, nonprofits and small landlords as they reopen after the COVID-19 outbreak and NYS on PAUSE. NYFLF targets the state’s small businesses with 20 or fewer full-time equivalent (FTE) employees (90% of all businesses), nonprofits and small landlords that have seen a loss of rental income. NYFLF is providing working capital loans so that small businesses, nonprofits and small landlords have access to credit as they reopen.

Area served: New York
Audience: Small Business Owners, Non-profits

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

Tulare County Economic Development Corporation

Business Capital Fund

The Business Capital Fund provides microloans to small businesses, up to $50,000.

Area served: Tulare County, California
Audience: Small Business Owners

Application deadline: Open, no end date posted
Low interest loans, 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 and are located in rural Colorado. The intent of this program is to help small businesses survive and retain employees during these challenging times. Financing is available at a fixed interest rate over twenty-four months (two years) with no payments of principal and interest due during the first six months of the loan. Loan Details: $10,000 loans, 3.00% fixed interest rate, Two year terms, Payments deferred for six months.

Area served: Colorado
Audience:

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

City of Redding

Micro-Enterprise COVID-19 Relief Grant

The COVID-19 Relief Grant is a special program designed to help eligible for-profit micro-enterprise businesses with a grant up to $5,000 per brick and mortar business. Businesses that have received a PPP loan or other SBA funding, including an EIDL, during this COVID-19 crisis are not eligible to apply. View website for further eligibility criteria.

Area served: Redding, Shasta Lake, Trinity, California
Audience: Small Business Owners

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

Larimer and Weld Counties

Larimer/Weld Revolving Loan Fund

The Larimer/Weld Revolving Loan Fund was established to assist with the financial needs of companies expanding or locating to rural areas of Larimer and Weld counties. The program was originally funded through the state of Colorado Community Development Block Grant allocation from the U.S. Department of Housing and Urban Development. Since the program was started in 1991, the fund has loaned $13.1 million to a total of 77 companies. These loans leveraged more than $103 million in capital investment that enabled those companies to create or retain 1,708 full-time employees.

Area served: Colorado
Audience: Small Business Owners

Application deadline: Open, no end date posted
State loan/grant programs
New Mexico

New Mexico Economic Development Department

COVID-19 Business Loan Guarantee Program

NMEDD is adjusting its business-loan guarantee programs in order to make capital more available to business owners whose operations are severely impacted by the COVID-19 health emergency.

Area served: New Mexico
Audience: Small Business Owners

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

Delaware Division of Small Business

Hospitality Emergency Loan Program (HELP)

The Delaware Division of Small Business is offering the Hospitality Emergency Loan Program (HELP) to provide funds to some of the businesses and nonprofits in the state most significantly impacted by Coronavirus. The Division will make no-interest loans of up to $10,000 per business per month available to eligible businesses in the hospitality industry.

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

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

Nonprofit loan/grant programs
National

Dairy Business Innovation Alliance (DBIA)

Grants for Dairy Entrepreneurs

The Dairy Business Innovation Alliance (DBIA) is a newly announced program that will provide Midwestern dairy farmers and dairy-related businesses with financial and technical support. This initiative, a joint effort coordinated by the Center for Dairy Research (CDR) and the Wisconsin Cheese Makers Association (WCMA), was designed to support and promote the diversification and addition of value-added products to the Midwest dairy industry.

Audience: Small Business Owners

Application deadline: Friday, August 14, 2020
Government loan/grant programs
National

U.S. Department of Agriculture - USDA

USDA Coronavirus Food Assistance Program

USDA’s Farm Service Agency is accepting CFAP applications now through August 28, 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, August 28, 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: Friday, September 25, 2020
Nonprofit loan/grant programs
National

Kiva

Kiva loan

Kiva is a non-profit that expands access to capital for entrepreneurs around the world. More than 2.5 million people have raised over $1 billion on Kiva.

0% interest loans up to $15,000 through crowdfunding

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
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

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
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
National

SBA - U.S. Small Business Administration

Paycheck Protection Program

* UPDATE - 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: 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 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
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

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
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
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, 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
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
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
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
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
Corporate loan/grant programs, Local government loan/grant programs, Low interest loans, Nonprofit loan/grant programs, State loan/grant programs
National

Small Business Majority

Paycheck Protection Program lenders

Below is a list of lending institutions that we believe are accepting PPP applications from new clients. We advise checking with your existing bank to see if they are offering PPP, or using the SBA’s lender search feature to find a lender near you. We are updating this list daily; however, this list is not exhaustive, nor are we able to verify at this time that the institutions listed below are successfully processing PPP applications. We will update this list as we learn more. For any errors or omissions, please contact resources@venturize.org.

Nonprofit lenders

Audience: Small Business Owners, Self-employed

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
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
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
National

SBA - U.S. Small Business Administration

SBA Economic Injury Disaster Loan

***Update*** The portal is reopen for all businesses. 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
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

LISC - Local Initiatives Support Corporation - Los Angeles

Small Business Recovery Fund

Application opens and closes on a rolling basis. Next round opens on Aug 31. LISC is offering grants to help small businesses fill urgent financial gaps until they can resume normal operations or until other more permanent financing becomes available. The funding will go to make grants of up to $10,000, especially to entrepreneurs of color, women-owned businesses and other enterprises in historically under-served places who don’t have access to flexible, affordable capital. 

Audience: Small Business Owners, Self-employed

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

PayPal

PayPal Empowerment Grants

*UPDATE - Applications closed* PayPal Empowerment Grants for Black Businesses Program, which will award up to $10,000 to more than 1,000 black-owned businesses that have been impacted by COVID-19 and civil unrest.

Audience: Small Business Owners

Application closed
Corporate loan/grant programs
National

Facebook

Small Business Grants Program

Up to 30,000 eligible small businesses will be able to receive a grant (cash and ad credits) from Facebook, which is allocating $100 million for the program. Applications open April 18 in New York and Seattle, April 20 in San Francisco and April 22 in other eligible cities.

Audience: Small Business Owners

Application closed
Corporate loan/grant programs
National

Salesforce

Salesforce Cares Small Business Grant Program

**Update** Salesforce is partnering with Ureeka to offer eligible small businesses the opportunity to receive a $10,000 grant to help them through the COVID-19 outbreak. Navigate below to see if you are eligible and how to continue with an application.

Salesforce will soon be offering $10,000 grants to U.S. small businesses to provide capital to help them weather this crisis. Applications open on April 24.

Audience: Small Business Owners

Application closed
Corporate loan/grant programs
National

SheaMoisture

SheaMoisture's $1Million Fund

This fund provides over $1 Million for small minority and women of color-owned businesses. Shea has three different initiatives companies can apply for.

Audience: Small Business Owners

Application closed
Nonprofit loan/grant programs
National

US Chamber of Commerce

Save Small Business

The U.S. Chamber of Commerce Foundation is offering grants of $5,000 to small businesses impacted. The grant application opens on April 20. To qualify, you must: Employ between 3 and 20 people; be located in an economically vulnerable community; have been harmed financially by the COVID-19 pandemic

Audience: Small Business Owners

Application closed