Business Resources
Financial
The U.S. Small Business Administration (SBA)
SBA is offering Economic Injury Disaster Loans up to $2 million per small business, and business owners in all U.S. states and territories are currently eligible to apply for a low-interest loan. (SBA’s traditional loan programs also remain available.)
GoFundMe
GoFundMe has started a Small Business Relief Fund to help small business owners receive the financial support they need to keep their businesses thriving throughout the coronavirus pandemic—and long after. Through the Small Business Relief Fund, qualifying businesses that have raised at least $500 on GoFundMe can receive a matching $500 grant. To find out if you’re eligible and learn about the process, read the Small Business Initiative FAQs.
Facebook is giving away $100M in cash grants to eligible small businesses. If you are wondering how to keep your enterprise alive during these challenging times, Facebook’s program is worth looking into and will begin taking applications soon.
Spotify
Shopify Capital offers cash advances and loans to eligible businesses.
The Main Street Business Lending Program
A new initiative announced by the Federal Reserve, will complement efforts by the SBA and further support lending to eligible small and medium-sized businesses.
https://www.federalreserve.gov/monetarypolicy/mainstreetlending.htm
City of Los Angeles
The city’s Small Business Emergency Micro-loan Program is offering loans ranging from $5,000 to $20,000 with 0% to 3% interest rates.
Goldman Sachs
GS announced a slew of initiatives to support small businesses impacted by COVID-19, including a Small Business Stimulus Package allocating $250 million in emergency loans and $25 million in grants. The company has committed a total of $300 million.
https://www.goldmansachs.com/media-relations/press-releases/current/announcement-2-apr-2020.html
Google pledged to donate $800 million for COVID-19 relief includes efforts to help small and medium-sized businesses gain access to capital.
Honeycomb Credit
An investment crowdfunding platform, announced a small business relief loan program that’s providing $10,000 to $50,000 in working capital to qualifying businesses.
James Beard Foundation
They started a Food and Beverage Industry Relief Fund to provide micro-grants to independent food and beverage small businesses in need.
U.S. Chamber of Commerce Foundation
In partnership with Vistaprint, they announced its Save Small Business Fund that will provide $5,000 grants to small businesses in the U.S. and its territories.
