List of COVID-19 Small Business Loan and Grant Programs
With an increase in hardships due to the COVID-19 pandemic, we have collected different sources of available funding for small businesses to consider, including grants and emergency loans from states, cities and community organizations.
We will continue to update this list on a regular basis. Please remember to return to this page to see more federal, state and local programs in detail.
Last update: November 24, 2020
All Small Businesses
SBA Economic Injury Disaster Loan (EIDL) Program provides small businesses and nonprofits with low-interest loans of up to $2 million to help overcome other financial losses due to COVID-19.
Deadline: December 21, 2020
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.
Deadline: December 11, 2020, at midnight ET.
Fort Worth’s 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 impacted by the COVID-19 crisis.
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.
MainVest, a crowdfunding platform, announced its new Main Street Initiative: a $2,000, zero-interest, 120-day loan for restaurants and other brick and mortars affected by the shutdown.
Skills Development Fund: COVID-19 Initiative by the Texas Workforce Commission pays for training for employees or new hires through partnerships with the 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 the program.
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.
New York Forward Loan Fund (NYFLF) is a new economic recovery loan program aimed at supporting New York State small businesses, nonprofits and small residential landlords as they reopen after the COVID-19 outbreak and NYS on PAUSE.
Women/ Minority
NMSDC In This Together Rebuilding Fund provides grants for structural repairs, inventory recovery, and other operational improvements needed due to the economic downturn caused by COVID-19 and/or damage and vandalism from recent social unrest.
Eligibility: NMSDC certified minority businesses.
Deadline: December 15, 2020
Hello Alice X GEN X Pitbull Hispanic Business for All Grant is providing emergency $10,000 grants to businesses impacted by COVID-19. All applicants will receive access to resources and ongoing support from the Hello Alice community. Application support is also offered in Spanish – El soporte de aplicaciones también se ofrece en español.
Local Initiatives Support Corporation (LISC) is partnering with Verizon to offer grants up to $10,000 to help small businesses, especially entrepreneurs of color, women-owned businesses and other enterprises in historically-underserved communities.
Opportunity Fund, the nation’s leading nonprofit small business lender 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.
Texas Small Business Emergency Micro-grant Source (TSBEMS) provides micro-grants of $1,000 to Texas small business owners that have been opening for at least two years.
TruFund Relief Fund is launching a $5 million relief fund to support disadvantaged minority and women-owned businesses. The fund aims to help at least 3,000 disadvantaged firms with loans, grants, resiliency training and one-to-one business advisory services. Eligible businesses must have been started prior to August 2019 and located in Alabama, Louisiana, New York, Northern New Jersey and Texas, with a demonstrated economic injury from COVID-19. TruFund is also accepting donations to the fund to help small businesses.
Additional COVID-19 Resources and Relief Options:
https://www.nav.com/resource/small-business-grants/ https://sba.thehartford.com/business-management/covid-19-small-business-assistance/
Resources:
https://www.fortworthtexas.gov/covid-19/business-resources/loans-and-grants
https://esd.ny.gov/economic-recovery-covid-19-loans-small-businesses