The COVID-19 outbreak is affecting small businesses all over the country. All levels of government are working to help small businesses that have been impacted, in addition to private companies and nonprofit entities. Check back regularly for updates, as this summary will be updated as relief programs close and new ones open.
State and Local Programs
Local programs are in bold under their respective states.
Birmingham launched a #BHAMSTRONG Small Business Loan Fund to provide immediate support to small businesses located within the City of Birmingham, Alabama, affected by COVID-19. Loan sizes vary from $10,000 to $25,000 and must be used for limiting reductions in payroll or staff size, maintaining business operations, and funding a business model reconfiguration in response to the pandemic. The first round of applications has closed, but there will be a second round of applications if there is money available after the first round of loans have been disbursed. You can join the mailing list and find additional information here.
Auburn is offering a Working Capital Loan Interest Subsidy Program for the small business community by providing an interest subsidy to applicants who have been approved for a loan with a participating lending institution for working capital expenditures that are necessary for the borrower to remain in business within the City of Auburn. The maximum amount eligible for the interest subsidy is $25,000. Additional details are available here.
West Alabama Small Business Relief Fund – Small businesses in Bibb, Fayette, Greene, Hale, Lamar, Marengo, Pickens, Sumter, or Tuscaloosa Counties that had between 2 and 50 employees as of February 29, 2020, and experienced direct loss as a result of COVID-19 may be eligible for a loan from the Community Foundation of West Alabama in cooperation with the Chamber of Commerce of West Alabama. You can find more information here.
Alaska announced the creation of a state-backed loan program called the Sustaining Alaska’s Future Economy Guaranty Program (AK SAFE), which will be run by the Alaska Industrial Development and Export Authority. To address the economic crisis created by COVID-19, Alaskan businesses with existing lines of credit through any lending institution in Alaska will be able to apply for a loan increase of up to $1 million dollars, which will be backed by the State. FAQs, Operating Procedures, and Forms for the AK Safe program are available here.
Juneau has Emergency Loans for Small Businesses that are physically located in Juneau, Alaska, with 25 or fewer employees, that have been adversely impacted by COVID-19. A business with ten or fewer employees is eligible for a loan of up to $25,000, and a business with eleven or more employees is eligible for a loan of up to $50,000. More details and a link to the application can be found here.
Arizona’s bipartisan state budget agreement established an Emergency Crisis Contingency and Safety Net Fund, which the Governor can use to provide economic assistance to small businesses with fewer than 50 employees, among other relief. You can check the Governor’s website for updates here.
Arkansas has a Quick Action Loan Program that permits eligible businesses to apply for a loan or loan guaranty of up to $250,000 to use for working capital, inventory, payroll, and other uses that support continued business operations. Businesses that are in the supply chain of essential goods, such as healthcare, food manufacturing, and logistics, will receive priority. Details about the Quick Action Loan Program are available here or by emailing COVID19.firstname.lastname@example.org or calling 1-800-ARKANSAS.
California established the California Disaster Relief Loan Guarantee Program – COVID-19 to provide loan guarantees and direct loans to California small businesses with one to 750 employees that have experienced disruption as a result of COVID-19. The proceeds must be used for business continuance expenses, including rent, payroll, and more. Additional details are available here.
Berkeley, CA has set up emergency grants of up to $10,000 to Berkeley-based small businesses with 1 to 50 employees to cover payroll, rent, or working capital to cover operating expenses. Applications for the first round of funding closed on April 6th at 5 pm. More information is available here.
Los Angeles established a Small Business Emergency Microloan Program that provides up to $20,000 in financing to Los Angeles businesses with 100 or fewer employees that have been negatively impacted by the COVID-19 outbreak. Information regarding eligibility and the application process are available here.
Nevada County approved the creation of a $100,000 emergency relief fund for small businesses affected by COVID-19. The fund’s website is still under development, but you can check it for updates here.
Sacramento created a Small Business Emergency Economic Relief Loan Program providing $1 million in economic relief to local businesses affected by COVID-19. The city is not currently accepting new applications, but if additional funding becomes available, it will reopen the application process. You can check for updates here.
San Francisco established a $9 million San Francisco Hardship Emergency Loan Program (SF HELP) to offer zero-interest loans of up to $50,000 to small businesses with a total annual revenue under $2.5 million. The fund will help sustain local businesses, which may have trouble accessing traditional loan products, by expanding their access to cash during the ongoing health crisis to pay for payroll, rent, utilities, inventory, and more. Applications became available here on April 6, 2020.
Stanislaus County Workforce Development has a Small Business Relief Program that will award $1 million in micro-grants to small businesses in Stanislaus County that have been in business for at least one year, have up to 50 full-time employees, and can provide proof of financial hardship due to COVID-19. Applications are due by April 21, 2020, at 5 pm (PST) here.
Colorado is helping certain small businesses through the Colorado COVID Relief Fund. Small businesses that meet a community-driven need and serve designated populations in the area of prevention (such as providing medical supplies or cleaning supplies for care facilities) or impact (such as providing technology assistance, childcare, education, food access, or food services) may receive a general operating grant of up to $25,000. Deadlines for applications occur every two weeks on April 18 at 7 pm (MT), May 2 at 7 pm (MT), May 16 at 7 pm (MT), and May 30 at 7 pm (MT). Details and application here.
Boulder announced seed funding for the Boulder Chamber COVID-19 Small Business Relief Fund that will provide temporary relief to small businesses facing unexpected expenses due to the COVID-19 response. Businesses with between 2 and 50 employees that have a principal place of business in the City of Boulder may apply for grants of up to $2500 to offset expenses for cleaning and sanitation supplies, urgently needed equipment repairs/replacements, and supplies, marketing, or telecom/internet connectivity that support business adjustments during the COVID-19 response. Apply by April 20, 2020 at 5 pm here.
Colorado Springs is collaborating with Exponential Impact and Pikes Peak Community Foundation to provide low-interest loans of up to $25,000 to businesses with 2 to 25 employees in industries that have been heavily impacted by COVID-19. More information on the Survive & Thrive COS Small Business Relief Fund is available here.
Denver is connecting its business community with cash grants of up to $7,500 through its Small Business Emergency Relief Program. Applications are accepted on a monthly basis with the deadline to apply on the last day of each month through June 2020. You can fill out a questionnaire here to obtain further information.
Delaware expanded its Hospitality Emergency Loan Program (HELP) to provide funds to other businesses in the state significantly impacted by COVID-19. No-interest loans of up to $10,000 per business per month are available to businesses in the hospitality and personal care sectors to pay for rent, utilities and other unavoidable bills, but not personnel costs. Applications are evaluated in the order in which they are received and can be found with more details here.
Florida has been offering Small Business Emergency Bridge loans to small businesses with two to 100 employees, which are interest-free for the first year. These loans are intended to “bridge the gap” until Florida businesses secure longer-term recovery resources. Applications are not currently being accepted for the program. More information is available here.
Sarasota County is establishing a Small Business Resiliency Loan program to provide $4.3 million in low-interest loans to small businesses affected by the COVID-19 pandemic. The program is still under development, so check for updates here.
Petersburg set up the Fighting Chance Fund to help small businesses impacted by local COVID-19 orders. Eligible businesses that are physically established in the city of St. Petersburg, at least 50% locally owned by residents of St. Petersburg, with 25 or fewer employees, that have lost revenue due to COVID-19, may apply for grants of up to $5,000 to use for commercial lease or mortgage payments, employee salary and benefits, utilities, or other sales, general, and administrative expenses critical for business operations. Applications are first come, first serve, and can be found here.
Atlanta has a Business Continuity Loan Fund that is investing $1.5 million in city businesses with 50 or fewer full-time employees by offering zero-interest loans of $5,000 to $30,000 per applicant to help ease the burden of reduced capital and cash flows. Loan funds can be used for lease or mortgage payments, payroll, inventory management, and working capital. Applications are currently suspended due to the high volume of responses, but you can fill out a survey to indicate your continued interest in the fund here. Additional details are available here.
Illinois set up the Business Invest – Illinois Small Business COVID-19 Relief Program through which financial institutions in the state can receive up to $250 million to extend low-rate bridge loans to businesses negatively impacted by COVID-19. Eligible business applicants must have been shut down or limited due to COVID-19, have less than $1 million in liquid assets or $8 million average annual receipts, and be headquartered in Illinois or agree to use the funds in Illinois. Additional details are available here. Also, Illinois created the Illinois Small Business Emergency Loan Fund for businesses located outside of the City of Chicago with fewer than 50 workers and less than $3 million in revenue in 2019. You can apply for the low-interest loans of up to $50,000 and read more about the program here. Finally, the Downstate Small Business Stabilization Program is providing working capital funds up to a grant ceiling of $25,000 to businesses impacted by COVID-19 with 50 or fewer employees. Details are here.
Chicago established a $100 million Chicago Small Business Resiliency Fund for businesses that have suffered at least a 25% decrease in revenue. Businesses can receive low-interest loans of up to $50,000 with a repayment term of up to five years. Applications are reviewed on a rolling basis with limited funds available, so apply early. Eligibility requirements and the application are available here.
Cook County announced a Cook County Community Recovery Fund that will assist small businesses with fewer than 25 employees and less than $3 million in revenue with rapid relief zero-interest loans of up to $20,000. Applications will open mid-April and be reviewed first come, first serve. For more details, click here, and to sign up for updates, complete this form.
Boone County Economic Development Corporation is offering loans of up to $5,000 to small businesses affected by COVID-19 that have existed for at least two years and that employ 30 or fewer employees. Additional information and the application link are available here.
Frankfort developed a forgivable loan program to assist small businesses financially impacted by COVID-19 with five or fewer employees. Eligible businesses can receive up to $2,000 through the new Emergency Relief Forgivable Loan Program. Applications opened on April 15, 2020, and will close on July 1, 2020, but they are reviewed on a first come, first serve basis. Details are here.
South Bend is collaborating with community development financial institutions to provide small business loans to local firms impacted by COVID-19. An informational session will be held virtually on April 17, 2020. More information is available here.
Kansas created a Hospitality Industry Relief Emergency (HIRE) Fund to provide hospitality businesses with emergency loans of up to $20,000. The initial funds have been exhausted, but Kansas is continuing to collect information from businesses about the losses they have faced here.
Manhattan approved a new disaster assistance fund for Manhattan businesses to bridge the gap until additional funds are secured. Businesses located in the city of Manhattan that have an immediate need for funds can receive relief of either $5,000, $10,000, or $20,000, to use for expenses like working capital, payroll, debt payments, rent payments, marketing, and inventory. Additional details and the application can be accessed here.
Shawnee County, through GO Topeka, is offering grants between $1,500 and $5,000, depending on the business size, to small businesses in Shawnee County that have experienced economic injury as a result of the COVID-19 pandemic. Applications will be accepted through June 1, 2020, if funds are available. More information and the application can be found here.
Louisville businesses can apply for LHOME Small Business Continuity Loans up to $25,000 if they are located in Jefferson County, Kentucky with 10 or fewer employees and can demonstrate emergency due to the health crisis. Applications opened on April 6, 2020, and are available here.
Southeast Kentucky businesses that are locally owned and downtown businesses in designated industries can apply for $3,000 in grant funding from the Southeast Kentucky Downtown Business Stimulus Fund. Applications are reviewed on a rolling basis, with the first round of reviews occurring on April 17, 2020. More details are available here.
Louisiana announced a new Loan Portfolio Guaranty Program that will offer loans of up to $100,000 to Louisiana small businesses impacted by the COVID-19 crisis that have fewer than 100 employees. The loans will require no payments for 180 days and have below-market interest rates of 3.5 percent or fewer. More information is available here.
Maine has a COVID-19 Relief Business Direct Loan Program that provides FAME (Financial Authority of Maine) Direct Loans with special terms of up to $50,000 to Maine-based businesses experiencing interruption or hardship due to COVID-19. The program has received applications that would exceed the $5 million in funding if they were all approved, but businesses are still welcome to apply because not every application will be approved. Find more details on the program and how to apply here.
Belfast approved the Belfast Keep the Faith Fund to provide grants of $500 to qualified small business owners that have experienced a significant reduction in business or been forced to close because of the COVID-19 pandemic. Applications opened on April 15, 2020, and funds will be distributed beginning on April 20, 2020. Details are available here.
Montgomery County has set aside $20 million for the Montgomery County Public Health Emergency Grant program to help support small businesses struggling to survive the COVID-19 crisis. Businesses that have experienced significant financial loss may be eligible for grants of up to $75,000. Additional information is available here.
Boston created a Small Business Financial Relief Fund to provide grants of $2,500 to $10,000 to Boston businesses with fewer than 35 employees and less than $1,500,000 in annual revenue, that have been heavily impacted by COVID-19. Funds can be used for fixed debts, payroll, accounts payable, lost sales, lost opportunities, and other working capital expenses. New applications are not currently being accepted, but if additional funding becomes available, the application portal will reopen. Check for updates here.
Cambridge established a Small Business COVID-19 Relief Grant Program for HUD-eligible retail, food, personal services, and creative for-profit businesses in Cambridge, Massachusetts. The program provides grants up to $6,000 for commercial mortgage, rent and other bills (utilities, accounts payable), wages, resources to establish the business online, and perishable inventory that was lost due to business interruption. Applications have exceeded the available funding, but the program will hold new applications in case there is an additional round of funding. Check for updates here, and apply by May 1, 2020.
Michigan has a Northern Initiatives Program that providing funds to businesses impacted by COVID-19, via micro and small business loans ranging from $5,000 to $250,000. There is a temporary hold on requests due to the volume already received, but the program anticipates reopening to inquiries in mid-May. Check for updates here.
Detroit businesses with 10 or fewer employees can apply for working capital grants of up to $5,000 through the TechTown Stabilization Fund. Read more information and apply here by April 17, 2020, at noon.
Minnesota authorized the creation of a $30 million Emergency Loan Program through which small businesses can apply for interest-free loans from $2,500 to $35,000. Information, initial application materials, and a list of lenders are available here. Minnesota also has a Small Business Loan Guarantee Program that will help Minnesota lenders provide capital to small business in Minnesota impacted by COVID-19 with fewer than 250 employees. A list of approved lenders to which businesses can apply is available here.
Minneapolis designated $2.2 million in funds to help businesses heavily impacted by the current health crisis through the Minneapolis Gap Funds for Small Businesses. Companies with 20 or fewer employees can apply for forgivable no-interest loans of $5,000 or $10,000 by noon on April 20, 2020, here.
Saint Paul has a Bridge Fund for small businesses with gross revenues of $2 million or less that will award grants of $7,500 for rent/mortgage payments, employee health benefits, leave payments and payroll, accounts payables, and payments owed to suppliers. The application process begins on April 8, 2020, and closes on April 19, 2020 at 5 pm, with details here.
Kansas City businesses were able to apply for funding from a community-backed KC COVID-19 Small Business Relief Loan Fund, however, the fund is not currently accepting new applications due to a high volume of requests. You can sign up for a newsletter to receive announcements about future funding here.
Louis has a coalition of banks and development partners offering small businesses zero-interest loans of up to $5,000 for working capital. Any for-profit business in the city of St. Louis or St. Louis County, Missouri, that has sustained economic damage due to the COVID-19 crisis may apply. Details and the application link can be found here.
Nebraska has Community Development Block Grant (CDBG) funds to provide certain businesses impacted by the COVID-19 outbreak with direct financial assistance, working capital, and purchase of machinery or equipment. More information on the CDBG Business Loans and business eligibility can be found here. Nebraska’s Governor is also asking businesses to respond to a survey to help the state government support businesses and plan for the future here.
Manchesterannounced the Manchester Small Business Recovery Loan Fund to provide loans of up to $25,000 with a 2% interest rate to small businesses in Manchester that experienced a loss of revenue or closure due to COVID-19. Funds must be used for costs such as working capital, payroll, recruitment, and inventory. The Manchester Development Commission will review and approve applications when the program opens. Check for updates on the MDC website here.
New Jersey has a Small Business Emergency Assistance Guarantee Program that provides 50% guarantees on working capital loans or lines of credit issued by designated lenders to support business continuity for businesses impacted by COVID-19. Additional details and a list of designated lenders are available here.
New Jersey also announced the NJ Entrepreneurship Guarantee Program to encourage private sector investors to provide additional working capital loans to NJ-based entrepreneurial businesses with fewer than 25 employees, under $5 million in revenues, corporate headquarters in New Jersey, and working in one of eight designated sectors. More details can be found here.
Jersey City launched a $3 million Local Relief Fund that will invest in the local economy by helping small businesses, among other efforts. Details are limited, but you can read the announcement here.
Newark created a City of Newark 2020 Emergency Fund for Small Businesses Impacted by COVID-19. The fund will provide working capital grants up to $10,000 to help small businesses with 10 or fewer employees with losses such as reduced income, payroll, and sales. Apply by April 30, 2020, here.
New Mexico established a COVID-19 Business Loan Guarantee Program to help businesses address the negative effects of the health crisis with emergency loans or lines of credit. The program guarantees a portion of a loan or line of credit up to 80 percent of the principal or $50,000. Proceeds can be used for (and are not limited to) working capital, inventory, and payroll. Details available here.
New Mexico also announced a $100 million New Mexico Recovery Fund, which will be managed by private equity firm Sun Mountain Capital, to address income insecurity among mid-sized businesses with 40 or more employees. Read additional information and determine your eligibility here.
Finally, New Mexico also announced a fund called the All Together NM Fund that will address immediate needs and offer long-term support by providing grants to address income insecurity among smaller businesses, among other efforts.
New York City established a NYC Small Business Continuity Loan Fund that gives loans of up to $75,000 to businesses with fewer than 100 employees who have suffered sales decreases of at least 25%. Application intake has been paused due to overwhelming interest, but you can sign up to receive updates on any new federal, state, or local assistance programs here.
North Carolina has a COVID-19 Rapid Recovery Lending program that is providing loans up to $50,000 to small businesses to help bridge the gap between the start of the health crisis and the time when other sources of funds become available. The program has received applications beyond its current funding level, but it is actively seeking additional funding to expand the program and will review additional applications if more funding becomes available. Details and the application are available here.
Charlotte approved the use of $1 million to support microbusinesses with five or fewer employees with grants or loans up to $10,000. More information is available here.
Mecklenburg County partnered to create a Business Emergency Stabilization Loan Fund to assist the county’s small businesses with loans from $5,000 to $35,000. Eligible businesses must have 50 or fewer full-time employees and have been in operation for at least 24 months. Details and the application are available here.
Oklahoma City set up a $5.5 million Small Business Continuity Program to assist businesses with a physical location in Oklahoma City. The program will provide cash incentives, no-interest loans, low-interest loans and technical assistance to small businesses. Applications will be received from April 6, 2020, through April 17, 2020, with funds available beginning in early May. Details on the available options and the application can be accessed here.
Oregon has numerous resources available through regional organizations, counties, and cities, which have set up economic relief programs for small businesses affected by the COVID-19 pandemic. A list of programs is available here.
Pittsburgh has a waitlist for its URA COVID-19 Small Business Emergency Loan Fund. Small business borrowers can receive 0% interest loans to use toward rent, payroll, and other approved fixed monthly business expenses. You can find more information here.
East Providence is accepting requests for COVID-19 Small Business Assistance through the East Providence Economic Development Commission. Businesses negatively impacted by COVID-19 with ten or fewer employees may apply for a loan between $1,000 and $5,000 here.
Pawtucket is offering businesses located within the City low-interest financing in the form of emergency micro-loans of up to $10,000. Businesses must have 25 or fewer employees and have experienced a loss of income due to COVID-19. Applications are reviewed on a rolling basis and are available here.
Providence has temporarily modified the Providence Business Loan Fund to provide access to capital for eligible small businesses. Details are accessible here.
Columbia has a Small Business Stabilization Forgivable Loan available for businesses located within the corporate limits of Columbia with up to 100 employees that can show economic injury suffered from COVID-19. Loans of up to $10,000 with zero interest will be awarded with priority given first to businesses with five or fewer employees, then to businesses with up to 50 employees, and finally businesses with up to 100 employees. Read more details and apply here.
South Dakota created a Small Business Relief Fund to help South Dakota businesses make ends meet. Businesses with fewer than 250 employees with a physical presence in South Dakota may apply for loans from $5,000 up to $75,000. Applications are reviewed on a first come, first serve basis. Details and the application link can be found here.
Chattanooga launched a COVID-19 Small Business Stabilization Fund with $2.5 million in funds committed for loans and grants to businesses with fewer than 50 employees facing severe revenue shortfalls because of recent state and local government orders. Applications are now open for the COVID-19 Mitigation Grants, COVID-19 Bridge Loans, and COVID-19 HUD Loans. Apply by May 31, 2020 (Mitigation Grants) or June 30, 2020 (Loans). Read more here.
Memphis businesses in the food, beverage, or “third place” industries located in the Medical District can apply for up to $15,000 in grant funding through the MMDC Small Business Emergency Assistance Fund. Applications for the first round of funding end April 17, 2020, and are available here.
Round Rock collaborated to assist its small business community through Round Rock Cares. The first round of funding closed, but the program is seeking additional funding. Find additional information here.
Ogden City set up an Emergency Loan Fund (COVID-19) for companies immediately affected by the health crisis. The program is designed to help businesses with expenses such as rent and payroll by receiving loans of up to $10,000 at 0% interest. Applicants should apply as soon as possible due to the high volume of applications anticipated. Information can be found here.
Arlington County created the Arlington Small Business Emergency GRANT Program to provide immediate assistance to small businesses impacted by the pandemic. Businesses with fewer than 50 employees can apply for grants of up to $10,000 to use for employee salaries, benefits, and other business capital and operating expenses related to the immediate impact of COVID-19. The application will be available online in early May. Find out the details and sign up for updates here.
Augusta County is offering an emergency relief loan program for businesses in the county. Loans are between $1,000 and $5,000 per business and can be used toward working capital expenses, payroll, utilities, gap funding, and inventory. Additional information can be found here.
Charlottesville altered its GO Hire Program to assist businesses that would like to retain or rehire employees in the COVID-19 pandemic. Businesses can apply for reimbursable grants of up to $5,000 to retain/rehire employees, hire new employees, or train existing employees. Applications close April 17, 2020 at 5 pm, and are available here.
Danville approved financial assistance programs for small businesses, including a $300,000 small business emergency loan program, a $75,000 marketing and e-commerce matching grant, and $50,000 to $75,000 in small business rent relief. Read more and apply here by May 1, 2020.
Richmond has a no-interest disaster loan program of up to $20,000 for small businesses within city limits with fewer than 25 employees. Applications opened on April 6, 2020, and will be reviewed in the order in which they are received. Details and the application are available here.
Washington launched the Washington Small Business Emergency Grants to provide up to $10,000 in emergency funding to help small businesses with up to 10 full-time employees. Several counties have stopped accepting applications due to overwhelming volume, but others are still accepting them through April 17, 2020 at 5 pm. Click here for more information.
Lacey contributed funds to the COVID-19 Lacey Small Business Stabilization Grant Fund, which provides working capital grants of up to $10,000 to businesses with 25 or fewer employees that have been in business for at least one year and experienced a loss of income due to COVID-19. More information and the application link are available here.
Dane County created the Dane County Small Business Pandemic Support Grant Program for small businesses experiencing financial difficulty as a result of the COVID-19 outbreak. Grant awards will range from $1,000 to $50,000 and help small businesses stay afloat and retain employees. Read more information and apply here.
Milwaukee retail, restaurant, or service businesses within a designated area can apply for Brew City Match COVID-19 Small Business Emergency Loan Funds between $5,000 and $10,000, with 0% interest, for working capital to cover rent, payroll, and other fixed expenses. They can also apply for grants of up to $1,200 from the Brew City Match COVID-19 Small Business Grant program. Applications are accepted on a rolling basis, so apply early. Details and applications are available here.
This list of programs is not exhaustive and will continue to change as the COVID-19 situation develops. Other resources are available at the federal, state, and local level, as well as through private companies and charitable organizations, to help small and medium businesses stay afloat and navigate this unprecedented time. Please check back regularly for updates.
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