03.24.2020 5 min read time

Small Business Relief Resources Roundup

Businesses/Owners

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.

Federal Government

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.

State/Local Government

Atlanta - The Atlanta City Council approved a $7 million coronavirus emergency fund that will provide $1.5 million in relief to small businesses.

Chicago - The Chicago Small Business Resiliency Loan Fund will provide low-interest loans to the city's struggling small businesses.

Denver - 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.

Florida - Small businesses with 2-100 employees can receive a loan of up to $50,000 from the Florida Small Business Emergency Bridge Loan Program.

Los Angeles - The Small Business Emergency Microloan Program is offering loans ranging from $5,000 to $20,000 with 0-3% interest rates.

Maryland - 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.

Massachusetts - 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.

Michigan - The Michigan Small Business Relief program will provide $10 million in small business grants and $10 million in small business loans.

New Mexico - 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 - Philadelphia's COVID-19 Small Business Relief Fund is providing grants and zero-interest loans.

Portland - Portland's $190,000 emergency fund is providing support to small businesses in Portland's Jade District or Old Town Chinatown.

Sacramento - 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.

San Francisco - Small businesses with fewer than five employees are eligible for up to $10,000 to use towards staff salaries and rent.

Seattle - The Office of Economic Development is providing $1.5 million in grants of up to $10,000 to small businesses.

Syracuse - The Syracuse Economic Development Corporation created a $500,000 fund to provide zero-interest loans of up to $25,000 to small businesses.

Wisconsin - The Wisconsin Economic Development Corp. launched a $5 million grant program that will give companies with fewer than 20 employees up to $20,000.