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 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.
