Coronavirus has been a particularly difficult time for small businesses, especially as many have been forced to temporarily close their doors. To help our Booksy small business owners, we’ve rounded up a list of financial relief resources available from the federal governments, local governments, and private companies.
The U.S. Small Business Administration
Offering up to $2 million in Economic Injury Disaster Loans for small businesses in eligible areas that are significantly impacted by the coronavirus.
The Atlanta City Council approved a $7 million coronavirus emergency fund that will provide $1.5 million in relief to small businesses.
The Chicago Small Business Resiliency Loan Fund will provide low-interest loans to the city’s struggling small businesses.
The Denver Economic Development and Opportunity’s emergency relief program allows small business owners to apply for cash grants of up to $7,500. Mayor Michael Hancock also announced a $4 million small business relief fund.
Small businesses with 2-100 employees can receive a loan of up to $50,000 from the Florida Small Business Emergency Bridge Loan Program.
The Small Business Emergency Microloan Program is offering loans ranging from $5,000 to $20,000 with 0-3% interest rates.
A $50 million Emergency Relief Grant Fund will offer grant amounts up to $10,000. A $75 million Emergency Relief Loan Fund will provide loans of up to $50,000 to businesses with 50 or fewer employees.
A $10 million relief fund is available for businesses affected by the coronavirus. Companies with fewer than 50 employees can receive immediate funds of up to $75,000.
The Michigan Small Business Relief program will provide $10 million in small business grants and $10 million in small business loans.
The COVID-19 Business Loan Guarantee Program to aid small businesses seeking emergency loans or line of credit.
New York City
The NYC Small Business Services is offering businesses with fewer than five employees grants to cover 40% of payroll costs for two months. Businesses with fewer than 100 employees and sales decreases of 25% or more will be eligible for zero-interest loans of up to $75,000.
Philadelphia’s COVID-19 Small Business Relief Fund is providing grants and zero-interest loans.
Portland’s $190,000 emergency fund is providing support to small businesses in Portland’s Jade District or Old Town Chinatown.
A $1 million economic relief fund will provide 0% interest loans of up to $25,000 to businesses.
Salt Lake City
The city’s emergency loan program allows business owners to apply for 0% interest loans of up to $20,000.
Small businesses with fewer than five employees are eligible for up to $10,000 to use towards staff salaries and rent.
The Office of Economic Development is providing $1.5 million in grants of up to $10,000 to small businesses.
The Syracuse Economic Development Corporation created a $500,000 fund to provide zero-interest loans of up to $25,000 to small businesses.
The Wisconsin Economic Development Corp. launched a $5 million grant program that will give companies with fewer than 20 employees up to $20,000.
Amazon is providing local Seattle small businesses cash grants through a $5 million Neighborhood Small Business Relief Fund.
Facebook announced a $100 million grant for small businesses impacted by COVID-19.
Announced a $2,000 zero-interest, 120-day loan for small businesses affected by the COVID-19.