Grants and loans for small businesses during COVID-19
COVI-19 has hit small businesses, specifically small retailers, particularly hard. Here’s a list of grant and loan programs to help your business get through and navigate these challenging times.
- Institute For Local Self Reliance A comprehensive list of grants organized by state.
- Business For All is providing 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.
- eBay’s New Seller Program is investing $100 million towards small businesses by allowing businesses that have never used their platform to sign up for their Basic Store to sell products online free for three months.
- FedEx #SupportSmall Grant Program is committing $1 million in grants for small businesses in the United States. Recipients will receive $5,000 plus a $500 credit from FedEx Office that can be used for printing banners, posters, floor graphics, custom branded boxes, and more. Applications open May 25.
- Fort Worth Texas Business Resiliency Microloan Program is a collaboration between the City of Fort Worth and PeopleFund which is prepared to provide at least $850,000 to eligible businesses in Fort Worth who are being impacted by the COVID-19 crisis.
- Google Advertising Grants are giving away $340 million worth of ad credits for small and medium-sized businesses for free online advertising using the Google Ads platforms to help businesses continue to reach their customers.
- Facebook Small Business Grant Program We know that your business may be experiencing disruptions resulting from the global outbreak of COVID-19. We’ve heard that a little financial support can go a long way, so we’re offering $100M in cash grants and ad credits to help during this challenging time.
- JPMorgan pledged a $50 million global philanthropic commitment to support communities and people hit hardest by this public health crisis, including $2 million to existing nonprofit partners and $8 million to assist small businesses.
- Kiva COVID-19 Small Business Loans Program offers small businesses 0% interest loans up to $15,000 and a six month grace period for first time borrowers.
- Main Street Lending Program The Federal Reserve established the Main Street Lending Program (Program) to support lending to small and medium-sized for profit businesses and nonprofit organizations that were in sound financial condition before the onset of the COVID-19 pandemic.
- MainVest, a crowdfunding platform, announced its new Main Street Initative: a $2,000, zero-interest, 120 day loan for restaurants and other brick and mortars affected by the shutdown.
- Ring’s Neighborhood Pledge initiative encourages individuals or groups to create or join a pledge group to support neighborhood businesses and service providers.
- Skills Development Fund: COVID-19 Initiative by the Texas Workforce Commission pays for training for employees or new hires through partnerships with public community and technical colleges. There is a total of $10 million available in grant funds for applicants that can address the training needs of business partners and the program staff work alongside eligible businesses and training providers to support to the program.
- Small Business Strong (Massachusetts) Small Business Strong is a non-profit organization empowered to help women and minority owned small businesses navigate the devastating impact of the COVID-19 pandemic.
- Stand for Small Website is a coalition of major companies and service providers who are offering discounted services or products to help small businesses impacted by COVID-19.
- Wefunder Coronavirus Crisis Loan Program allows businesses to crowdfund loans from $20,000 to $1 million from supporters and investors.