If your business slowed down due to COVID-19, there are some programs/grants you may be eligible to apply. Here we listed a few resources:
1. Paycheck Protection Program (PPP)
- Help small business affected by coronavirus to maintain workforce
- SBA will provide 8 weeks of loan forgiveness for funds applied to payroll cost, mortgage interest, rent and utility expenses between 2/15/2020-6/30/2020
- Link
2. Economic Injury Disaster Loan (EIDL)
- To provide working capital for the companies affected by COIVD 19
- SBA may provide up to $10,000 in emergency grants to applicants that need it in 3 days; applicants do not need to repay the grants even if the loan application is denied.
- Link
3. Local grants (e.g. San Francisco)
Many states and cities have local programs to help small business. For example, in San Francisco, you may apply for a zero-interest loan up to $50,000, NEW CITY PROGRAM, the City’s new Small Business Emergency Loan fund
Link
For other locations, you may refer to a list on Forbes.
4. Grants by big companies
Many giant companies such as Facebook, Amazon and Google have their own grants or programs:
Facebook
Small Business Grants Program, offering $100M in cash grants
Link
Amazon
Only in Seattle region
Neighborhood Small Business Relief Fund
Google
More like Ads credits
COVID-19: $800+ million to support small businesses and crisis response
We hope you get the money. Do you know any other funding for businesses? Please comment below.