Coronavirus Small Business Financial Resources

Updated 4/21/2020

Things are changing very rapidly! Over the last few weeks, in the world of COVID-19 and social distancing, we’ve shared a lot of information with our tenants. We’re providing a one-stop resource page for government, state and private relief opportunities for small businesses. We’ll update this post with future updates for your convenience.

COVID-19 Economic Injury Disaster Loan Application – Apply now for grants up to $10,000 for your small business and receive it within 3 days also apply to receive low interest loan for up to 30 year term.

Paycheck Protection Program – Boxer has established a direct channel to apply for this Small Business program with Spirit of Texas Bank. Forgivable loan option.

Financial & Small Business Resources Amid COVID-19 – 
Business resources and tools to help your business adapt, respond and take advantage of the various programs that are available to make ends meet.

Summary of the Coronavirus Aid, Relief, and Economic Security (CARES) Act – list of loan programs for both small and large businesses, corporate and individual tax relief and enhanced unemployment insurance benefits.

SBA Debt relief – SBA will automatically pay the principal, interest and fees of current 7(a), 504, and microloans for 6 months

Main Street Expanded Loan Facility – [April 9] Intended to facilitate lending to small and medium-sized businesses through eligible SBA lenders. Minimum loan size of $1 million.

Express Bridge Loan Pilot Program – [March 25] Small businesses located in any state, territory and the District of Columbia that has been adversely impacted by the COVID-19 emergency is eligible and can apply for a maximum loan amount up to $25,000

Save Small Business Fund – [April 20, 2020] Apply to receive up to $5,000 grant for small businesses with 3-20 employees.

PeopleFund’s mission is to ‘create economic opportunity and financial stability for underserved people by providing access to capital, education and resources to build healthy small businesses’. They, like many banks and organizations, are prepared to help with the Coronavirus Relief Act that was recently passed by President Trump for those that cannot find credit elsewhere.  Some of their resources, under the SBA EIDL program, include low-interest loans of up to 2 million for business, non-profits, and small businesses without credit available elsewhere.  Please review their resource page and contact them as soon as you can with questions.

STATE PROGRAMS

Arizona

AZ Together

AZ Local Impact Fund

Colorado

Small Business Emergency Relief Program

Georgia

Small Business Development Resource

Illinois

Chicago Small Business Resiliency Fund

Illinois Small Business Emergency Loan Fund

Downstate Small Business Stabilization Program

Louisiana

Louisiana Loan Guaranty Program

Resources for Business Assistance

Massachusetts

COVID-9 Resources and Guidance for Businesses

New Jersey

Coronavirus Information for New Jersey Businesses

NJEDA Small Business Emergency Assistance Loan Program

Ohio

SBA Low Interest Loans Approved for Businesses in Ohio

Texas

Harris County Forgivable Loan Program –
Apply for up to $25,000 in COVID-19 relief funds. 0% interest loan that is forgivable after 5 years.

$50 Million for Texas Small Business Loans from LiftFund & Goldman Sachs

Texas Economic Injury Disaster Loan

PRIVATE PROGRAMS

Amazon Neighborhood Small Business Relief Fund is helping small businesses with fewer than 50 employees by providing grant funds. Learn more about the qualifications and how to apply

Facebook Small Business Grants Program $100M in cash grants and ad credits to help small businesses. Learn about the program and see if you’re eligible.  

Google Small Business Grant for Ads In support of small businesses impacted by Covid-19 Google is offering $340 million in Google Ads credits for those with active accounts.

Salesforce Care for Small Business is offering grants to businesses with 2 – 50 employees to help business make it through the COVID-19 outbreak. Applications open 4/27/2020

NOTE:
Please use your own discretion to decide whether and how to apply for any available financial relief programs.