Built By Business
Next Insurance is redirecting $250,000 originally designed for the company’s advertising campaign to 50 small businesses hit hard by the coronavirus. The small businesses will be commissioned for work in line with their skillsets to inspire others and help Next refocus its brand.
Camden Micro-Business Emergency Assistance Program
The city of Camden, N.J. has announced it will use funds previously set aside for parks and other projects from the U.S. Department of Housing and Urban Development, as well as Community Development Block Grant funds to provide grants of up to $5,000 to assist small businesses in maintaining payroll, purchasing inventory or equipment and offset other expenses. Businesses must have physical storefronts in the city. Grants are being awarded on a first-come, first-serve basis.
City of Carlsbad, California, $5 Million Economic Revitalization Package
The City of Carlsbad is offering microloans of $5,000 to $10,000 to businesses with gross revenue of $2 million or less and 15 employees or fewer. For businesses with gross revenue of $3 million or less and 50 employees or fewer, the city is offering loans from $10,000 to $25,000. Applications for both programs will be available no later than May 25. Community Loan Funds
Oklahoma City-based StitchCrew created this list of resources for entrepreneurs, which includes many community loan funds that have been established by philanthropists and community financial organizations in their cities.
COVID-19 Supports for Canadian Businesses
This comprehensive guide from the Canadian government outlines lending programs, measures to avoid or minimize the impact from layoffs, and provincial and territorial measures.
Database Of Government, Public And Private Startup Assistance For Impact of COVID-19
Growth-stage venture firm Blisce has developed this open-source database of aid initiatives, with extensive descriptions of how they work.
Ethnic Minority Emergency Grant Program
Wisconsin microbusinesses with five employees or fewer can apply for $2,000 grants from this state-run program. Deadline is May 24. If requests for funding exceed the pool of money to be awarded, the recipients will be randomly selected.
Gift Certificates to Support Entrepreneurs
Kabbage payments is enabling any business to sign up to sell gift certificates online. Gift certificates are essentially a form of customer financing, where customers pay you in advance for your services.
OpenTable has a gift card marketplace
Gingerbread Capital x IFundWomen COVID-19 Relief Grant
Today (May 20) is the deadline for submitting applications to this program, which is awarding grants of $10,000 to help businesses in the hardest-hit states survive the pandemic. Businesses must have 2019 revenue of $250,000 or more and a pre-COVID staff of 5 people or more, and have never raised venture capital before. Businesses in these states are eligible: New York, New Jersey, Massachusetts, Illinois, California, Pennsylvania, Michigan, Florida, Texas, Connecticut, Louisiana, Georgia, Maryland, Washington, D.C. and Washington State.
Hello Alice, a funding provider working with government and nonprofits, is offering $10,000 emergency grants to small businesses, with the aim to deliver them on a staggered basis.
Homebase COVID-19 Resource Center
This comprehensive guide, compiled by time tracking provider Homebase, lists financial relief programs for small businesses, as well as agreements made by big telecoms and other companies to accommodate small businesses that can’t pay their bills.
International Women’s Media Foundation
This fund is offering grants of up to $2,000 to both freelance and staff women-identifying journalists who have suffered significant financial hardship due to cancelled assignments or a layoff and who urgently need assistance to avoid severe, irreversible outcomes. Applicants must have no other sources of income.
Keep NY State Creating Grants
Artists in Western NY, Finger Lakes, Southern Tier, Central New York, North Country, Mohawk Valley, Capital District, Hudson Valley and Long Island who previously received applied for NYSCA/New York Foundation for the Arts artist fellowships in 2018, 2019 and 2020 will be considered for $1,000 grants being redistributed from CARES Act funding. They are to help artists continue creative projects interrupted by the pandemic. Application closes June 17.
Kiva Loans for Entrepreneurs
This microlender is offering 0% loans of up to $15,000 to entrepreneurs. Kiva requires a four-step process: applying, proving their creditworthiness by asking friends and family to lend to you, fundraising among lenders on Kiva and repaying the loan in 36 months.
Neighborhood Concepts Inc.: Open For Business Grants
Businesses in Madison County, Alabama, can apply for $5,000 grants to cover expenses needed to resume normal business operations, including rent/mortgage, utilities, inventory, supplies and payroll. Current business license is required. Deadline: May 29
This fund, which has backing from Wells Fargo, supports new and existing business owners who are struggling financially amidst COVID-19.
Professional Beauty Association COVID-19 Relief Fund
Licensed beauty professionals who have not been able to work or who are experiencing financial hardships because of COVID-19 can apply for $500 grants. Applications are funded through a lottery system.
Rising Tide Relief Fund
This fund will provide microloans to startup businesses in Tampa. The goal is to provide near-zero-interest loans for quick cash infusions with minimal paperwork. The program is seeking donations now.
If you’re inspired to innovate in these changing times, consider applying for funding from SBIR, the government program that funds high-risk innovations that could make a big difference.
Small Business Relief Initiative
Supported by GoFundMe, Yelp and QuickBooks, this program will provide matching grants to small businesses that raise at least $500 on GoFundMe.
Stacy’s Rise Project
The founder of Stacy’s Pita Chips will award $10,000 grants to 15 female founders, along with mentoring and virtual mentorship from PepsiCo FritoLay leaders and membership in its community. Deadline: June 1.
In partnership with The Workers Fund, this gig-economy platform is offering emergency cash grants of $100 to $1,000 to selected members who have linked their accounts to the site’s Income Tracker.
Stronger Together Fund
Companies with fewer than 5,000 employees can apply for grants to cover the take-home pay of employees and contractors, as well as fees associated with creating new full-time roles.
The Entrepreneurial Dream Project
This program will offer two new businesses that the owners are building during COVID-19 an equal portion of a non-dilutive $100,000 grant, along with coaching from the SuperMaker Mentor Network, which includes business leaders such as Mark Cuban and Rebecca Minkoff. Another 10 companies will receive mentoring from the network. Deadline: June 15.
The Freelancers Union has put together this compendium of resources for freelancers who’ve lost business due to COVID-19.
Verizon Small Business Recovery Fund
Applications for round 2 opened on May 14 for grants from this $7.5 million fund to help small businesses fill financial gaps until they can resume normal operations.
Virginia 30-Day Fund
Entrepreneur Peter Snyder has contributed $100,000 and secured donations to create a $500,000 fund to help Northern Virginia businesses, particularly minority-owned firms, keep employees on payroll. It is offering forgivable loans for up to $3,000.
We’re All In
This initiative will offering Wisconsin’s small businesses $2,500 cash grants to assist with the cost of business interruption or for health and safety improvements, wages and salaries, rent, mortgages and inventory. Applications will open in early June. Businesses must have 20 or fewer full-time employees.
Women’s Venture Fund
This nonprofit, focused on giving women business owners access to credit and resources, is certified to lend in New York City, Long Island and areas of New Jersey. Potential borrowers must specify how they will build revenue.
[Know of any resources that will help other small business owners? Please submit them to Elaine Pofeldt at [email protected]]