Apply for a Grant to Receive Assistance Across the U.S., small businesses that form the economic backbone of their communities now face immediate – and oftentimes, crushing – financial pressure due to COVID-19. No action is required to receive this benefit. Coronavirus Grants Available for Struggling Small Businesses. But red tape abounds. Grants are awarded on a rolling basis. A temporary Coronavirus Business Interruption Loan Scheme, covering a variety of different products such as loans, overdraft, invoice finance and asset finance, delivered by the British Business Bank, was launched on the 23 March to support primarily small and medium sized businesses to access bank lending and overdrafts. This list will be updated and posted on a weekly basis.) This benefit can also apply to new borrowers. 116-136]; Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020, [P.L. The first Pinellas CARES Small Business Grant Program, from May 4 – June 30, 2020, focused on assisting small businesses with a physical location and fewer than 25 employees that suffered economic damages caused by required closures due to “Safer at Home” orders enacted to slow the spread of COVID-19. Thanks to The CARES Act, President Trump is helping hardworking American business owners by: The Paycheck Protection Program ensures that small businesses can continue to pay employees and cover certain costs during this unprecedented health crisis. Small business grant scheme (Covid-19) UPDATED 08 July 2020 There are new grant schemes available across the UK to support small businesses during the Coronavirus outbreak. F.A.Q. The company has set aside a total of $1 million to help businesses stay afloat, with funds separated into a few different grant categories. COVID-19 Small Business Quarantined Employee Grant. And businesses can apply until September. But red tape abounds. The COVID-19 Small Business Quarantined Employee Grant program is a $2,000,000 grant program administered by the Utah Labor Commission. Facebook is offering $100 million in grant funds and ad credits to small businesses affected by coronavirus. Published 1 April 2020 From: Colorado. LANSING, Mich. (WLNS) Financial help is on the way for Michigan small businesses. Under the schemes, eligible businesses will receive a grant of £10,000. In order to ensure support for micro-entrepreneurs, small businesses, and non-profits across LA county, the LA regional COVID-19 recovery Fund currently has 3 program components: grants The Fund will deploy millions in grants available at $5,000, $15,000, and $25,000 for businesses and non-profits operating in Los Angeles County. The full Economic Injury Disaster Loans are offered at a long-term, low-interest rate. Some of the support measures available to help small businesses through the pandemic are administered by the devolved governments. From May 4 – Sept. 2, 2020: Businesses must also be independently operated and use the funds to support employees. Facebook Small Business Grant Program Facebook announced a $100 million grant for small businesses impacted by COVID-19 and launched the Business Resource Hub, which features recommendations to help small businesses stay connected to customers and stay on track. But there are some options available to help struggling entrepreneurs make ends meet until they reopen or regain some of the business lost during this unprecedented time. After applying, small businesses may be eligible for an up-front advance payment. Salesforce and Ureeka have partnered to offer $10,000 grants to small businesses experiencing hardships. This grant and mentorship program from Supermaker includes $100,000 in non-dilutive grant funds and mentorship opportunities with accomplished entrepreneurs like Mark Cuban and Rebecca Minkoff. If your business operates locally, you can search for grants that apply to your area here. Many forced to shut down temporarily are at serious risk of never reopening. The Local Initiatives Support Coalition and Verizon have partnered to provide grants of up to $10,000 for qualified small businesses. Two qualified businesses will receive the funds and ten more will receive coaching. In response to the coronavirus pandemic, HHS is awarding emergency grants and cooperative agreements funded under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, 2020 [P.L. The Lendio grant program closed on July 7, 2020. Goldman Sachs has made a commitment of $550 million in total relief funds. Small businesses can reach out to the Division for assistance in connecting to the resources and advice to succeed. Coronavirus business support. All businesses—including nonprofits, veterans organizations, Tribal business concerns, sole proprietorships, self-employed individuals, and independent contractors—with 500 or fewer employees may apply. To qualify, small businesses must raise at least $500 in a GoFundMe fundraiser, and the company and its partners provide matching grants to provide additional support. The Small Business Restart Grant program … Grants are funded by the Horst Rechelbacher Foundation and CDN Creative Nail Design and are available to working professionals and students of beauty programs. F.A.Q. The Delaware Division of Small Business, part of the Delaware Department of State, is a service-focused agency committed to supporting businesses starting and growing in Delaware. If you know of more grants available to small businesses dealing with fallout from the coronavirus pandemic response, please let us know in the comments section, Like us on Facebook to see similar stories, Massive NYC fire destroys 19th-century church, Mexico Seeks to Curb Foreign Agents After General’s Arrest. SMBs can use the funds for ad spend throughout 2020. We offer multiple funding options for those seeking relief. Indiana is expanding a small business COVID-19 relief program after it struggled to get many Hoosier businesses to apply. GoFundMe’s Small Business Relief Fund provides micro-grants to small businesses affected by coronavirus. Read more below. Qualified artists may receive $5,000 grants to help with dire financial emergencies. The COVID-19 public health crisis has impacted every Pennsylvanian in every community. The purpose of the Small Business Grant Program under section 601 (a) of the Social Security Act, as added by section 5001 of the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) and Section 7.031 in House Bill 2007 (2020) is to provide grants to small businesses and family-owned farms for reimbursement of costs of business interruption caused by required closures in connection with … The company has also committed grants to support health organizations and non-profits. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. 116-123], Families First Coronavirus Response Act, 2020 [P.L. For artists of various disciplines facing financial hardships due to coronavirus, Artist Relief has brought together national arts grantmakers to help. The coronavirus grant only applies to small business in England. Our nation's small businesses are facing an unprecedented economic disruption due to the Coronavirus (COVID-19) outbreak. If you are currently having difficulties meeting your obligations, contact your lender about deferring your next payment. Business rates relief. The Denver Small Business Emergency Relief program offers cash grants of up to $7,500 … Coronavirus (COVID-19): This page helps businesses find out how to access the support that has been made available, who is eligible, when the schemes open and how to apply. To apply, visit a participating lender to complete an application and submit the required documentation. Business rates in Scotland, Wales and Northern Ireland are set by their devolved administrations. California is home to 4.1 million small businesses, representing 99.8 percent of all businesses in the state and employing 7.2 million workers in California, or 48.5 percent of the state’s total workforce. Details: After applying, small businesses may be eligible for an up-front advance payment. This list will be updated and posted on a weekly basis.) Some are available to certain types of businesses and others are open to all SMBs struggling. Small business owners participating in the 7(a), Community Advantage, 504, or microloan programs. And the credits are automatically available, so you don’t need to apply.