Coronavirus (COVID-19) Financial Assistance Programs

If your small business is in trouble, you’ve lost your job, or you’re struggling to pay the mortgage, there are coronavirus financial assistance resources that could help. The following is a comprehensive list of federal, state and private coronavirus financial assistance programs designed to help you during these challenging times.

We also provide a guide on how to obtain coronavirus financial assistance when you own a business. You’ll find resources for businesses and entrepreneurs to help you get short term lending or financial relief, including SBA loans.

Federal government coronavirus financial assistance

The government rolled out a variety of coronavirus financial assistance programs in response to income loss due to COVID-19. Much of that assistance appears in the S.3548 – CARES Act passed in March. The sweeping bill provides assistance for individuals and businesses impacted by the coronavirus pandemic.

Stimulus checks

Stimulus checks are for eligible taxpayers who filed returns for 2019 or 2018 received an automatic one-time payment. The payment was $1,200 for individuals or $2,400 for married couples and up to $500 for each qualifying child. This applied to individuals who make $75,000 individually or less and $150,000 or less per couple. The amount received dropped by $5 for each $100 above these cutoffs. Those with income exceeding $99,000 for single filers and $198,000 for joint filers aren’t eligible. Check your payment status here.

Coronavirus financial assistance for individuals

At the beginning of March, the Board of Governors of the Federal Reserve encouraged financial institutions to provide relief where possible to customers affected by the coronavirus. What resulted is a wide variety of companies providing assistance to individuals.

Unemployment assistance

In most states, if you lose your job, you’re eligible for up to 26 weeks of unemployment benefits. In certain instances, people who exhaust their state unemployment before they get a job can get Pandemic Unemployment Assistance of 13 extra weeks of federally funded extended benefits.

Check out this map to see how many weeks of unemployment assistance your state provides.

Mortgage assistance

The CARES ACT provides mortgage relief options. You have protection against foreclosure for 60 days after March 18, 2020, should you find it difficult to make your mortgage payments. You can also request a forbearance (delay in payment) for up to 180 days. [source]

Beyond the scheduled amounts, there won’t be any additional fees, interest or penalties added to your mortgage. You need only indicate on your claim that you are experiencing a pandemic-related financial hardship. You must contact your mortgage company to obtain a forbearance.

Additionally, if your loan is with Freddie Mac or Fannie Mae, you can delay payment for up to 12 months.

Mortgage, vehicle and credit card relief assistance

Major bankers carrying mortgages, vehicle loans, and credit cards are offering coronavirus financial hardship programs. Most banks require that you inquire regarding financial aid. Check out major bank coronavirus policies and available discounts.

Bank Relief Options
Bank of America Request payment deferral for credit card, vehicle or home loan payments.
Barclays Request payment relief by logging into your account.
Chase Providing payment assistance for mortgages, home equity lines of credit, credit cards, and car loans and leases.
CITI In addition to mortgage forbearance, CITI is offering credit card forbearance. For personal loans and credit cards, the company will waive minimum payment due requirements and late fees for two statement cycles. There are also fee waivers on safe deposit box fees, monthly service fees, and penalties for an early certificate of deposit withdrawals.
Huntington Bank Mortgage forbearance. Ninety-day payment deferral on consumer loans and no catchup payments at the end of the deferral.
Key Bank Mortgage forbearance. Waived late fees and penalties on credit cards, loans, lines of credit. Some service charges also waived.
TD Bank Mortgage forbearance. Deferred payments for auto loans, personal loans, home equity loan or lines of credit. Waiving of late fees for credit card and personal loans, as well as home equity loans and lines of credit.
Truist Mortgage forbearance. Deferred payments on personal loans, auto loans, credit cards, and home equity lines of credit.
US Bank Mortgage forbearance. Deferred payments, extensions and alternate options for Auto, RV, and boat loans. Temporary reduction on APR for personal and business loans. Zero % APR for credit card purchases and balance transfers for 20 billing cycles.
Wells Fargo Mortgage forbearance, as well as the suspension of auto repossessions. Also offered on a case-by-case basis are fee waivers and payment deferrals for credit cards, auto loans and personal and business loans.

List of additional banks offering coronavirus financial assistance is here.

Insurance companies offering coronavirus financial relief

Major insurance companies are offering varying forms of relief at this time. Some are policy credits, while other forms of financial aid include discounts. See what type of financial assistance you’ll get with your insurance company.

Insurance Company Relief Offered
Allstate 15% money back on April and May premiums; delayed payments
Farmers Insurance 25% reduction in auto insurance premiums in April
Geico 15% off policy term for a 6-month policy
Liberty Mutual & Safeco 15% refund on two months of auto premiums
Mercury Insurance 15% money back on two months of auto premiums
Nationwide $50 refund per policy
Progressive 20% credit on April premium; waiving late fees and hold off on canceling
State Farm 25% policy credit
USAA 20% credit on two months of premiums

Student loan financial assistance

If you have a federal student loan, during the COVID-19 pandemic your student loan will automatically be placed in administrative forbearance. That means you can temporarily stop making payments to your monthly loan with no late charges or dings to your credit. The suspension is currently set to last until September 30, 2020.

It’s important to note that this does not apply to private student loans. Check with your private student loan lender regarding any coronavirus hardship programs.

Businesses offering help to workers during coronavirus crisis

These challenging times have moved many businesses to step up and show support to first responders.

Business/Institution Relief Offered
Local gas stations $0.50 off per gallon nurses, doctors, and first responders
State of California Hotel room discounts for healthcare workers
Krispy Kreme Donuts for healthcare workers
Starbucks Free coffee to front-line workers
Crocs Free pair while supplies last
Uber Health Free rides for healthcare workers to patients’ homes
Airbnb Free or subsidized housing for healthcare workers
Loom Free Loom Pro for students and teachers
Google Hangouts Meet is available to all G-suite customers
Adobe Teachers and students  get free access to Creative Cloud apps
Labster Free access to virtual lab resources to colleges and universities around the world
Love Your Melon Free masks to children’s hospitals and care facilities
OneDine Free Tap & Pay Touchless Payment systems to restaurants
Microsoft Six months of free access to Microsoft Office 365 and Microsoft Teams
Amazon $5 Amazon gift card when you donate blood or plasma.
Signs.com Free Printable Templates for Coronavirus Signage
Children’s Home Society of Cal
ifornia (CHS)
Subsidized childcare services for essential workers
Sene Free disposable masks for hospitals
Equifax, Experian, and TransUnion Free weekly online credit reports

Phone and internet providers offering relief options

To keep people connected during social distancing, the following internet and phone providers are offering free services for eligible customers. Some companies are also waiving late fees and not terminating service for nonpayment.

Provider Relief Available
Atlantic Broadband Will not discontinue service for nonpayment; waiving late fees
AT&T Will not discontinue service for nonpayment; waiving late fees; no broadband caps
Charter Communications Free Spectrum broadband and Wi-Fi access for 60 days to households with K-12 and/or college students who don’t have a subscription. The installation fees have been waived.
Comcast Offering free service for 60 days to low-income households. Increased speed for all customers.
Cox Communications Low-income internet with no annual contract. Relaxing data usage overage charges for all tiers.
Mediacom Qualifying families receive 60 days free. Pausing monthly data allowances. Complimentary access to hotspots.
Sparklight (for business) Waiving late fees for 60 days.
T-Mobile Free international calling for all T‑Mobile and Metro by T‑Mobile customers to landline (and in many cases mobile) numbers in many countries
Verizon Will not charge late fees or discontinue service until May 13.

Small business coronavirus financial assistance  programs

The federal government offers various programs through the Small Business Association to provide coronavirus financial help. To keep your business afloat, you may need a small business loan.

    • Paycheck protection program: This program, administered by the SBA, provides forgivable loans of up to $10 million to companies with less than 500 employees. Its purpose is to keep employees on the payroll. Use the loan to cover other expenses, including rent, utilities, and mortgage interest.
  • Economic injury disaster loans (EIDL): Another program from the SBA, this provides loans of up to $2 million to businesses with less than 500 employees. The loan is for up to a 30 year-term. A $10,000 advance doesn’t need to be repaid.
  • SBA express bridge loans: Loans administered by the SBA to businesses that already have or had SBA loans. Allows for quick access of up to $25,000.
  • SBA Debt Relief: The SBA will for six months pay principal, interest and fees on current qualified loans and new qualified loans issued before Sept. 27, 2020. This program also provides automatic deferment through the end of the year on any currently serviced disaster loans.

States offering SBA loans and Financial Aid

The Small Business Association (SBA) works with lenders in states throughout the country to provide small business owners with the necessary funding. The agency doesn’t lend money to business owners. The SBA’s function is to act as a partner with lenders throughout the country. Check out this chart to see what your state offers in the way of SBA loans and other types of financial aid.

State Program Program Description
Alabama Waiver for State Sales Tax Late Payment Penalties Alabama’s Department of Revenue is waiving late fees for sales tax through June 1, 2020 for small retail and hospitality businesses.
Alabama SBA Coronavirus Relief Loans The SBA is allowing small businesses statewide to apply for disaster relief loans of up to $2 million with interest rates at 2.75% for nonprofits and 3.75% for small businesses. Repayment can extend up to 30 years.
Alabama West Alabama Small Business Relief Fund This Community Foundation of West Alabama fund offered in cooperation with the Chamber of Commerce of West Alabama is offering grants to businesses with 2-50 employees that have experienced financial hardship due to COVID-19.
Alabama Truist Cares for Small Businesses Grants Truist Financial Corp. is offering grants to small businesses that have experienced substantial losses in recent weeks through their community development financial institutions. Grants range from $5,000 – $25,000 and are only available to businesses with fewer than 10 full-time employees and no more than $1 million in gross revenue.
Alabama Central Alabama Community COVID-19 United Relief Fund The Community COVID-19 United Relief Fund will focus on 501(c)3 nonprofit organizations supporting basic needs and/or health and wellness efforts related to the COVID-19 emergency and its aftermath.
Alabama Waiver of Employer Charges for COVID-19 Related Claims All charges will be waived against those employers who file partial unemployment compensation claims on behalf of their employees for weeks filed due to COVID-19 related issues.
Alabama The #BHAMSTRONG Small Business Loan Fund Birmingham Business Resource Center is offering loans worth up to $25,000. For-profit businesses with less than 50 employees located within the Birmingham city limits that have been operating for at least one year are eligible to apply. NOTE: Applications are currently closed.
Alaska SBA Coronavirus Relief Loans The SBA is allowing small businesses statewide to apply for disaster relief loans of up to $2 million with interest rates at 2.75% for nonprofits and 3.75% for small businesses. Repayment can extend up to 30 years.
Arizona WaFD Small Business Credit Line Regional bank is offering a 5-year credit line with the first 90 days interest free to businesses who have experiened a 10% drop in revenue. Credit lines can be up to $200,000.
Arizona SBA Coronavirus Relief Loans The SBA is allowing small businesses statewide to apply for disaster relief loans of up to $2 million with interest rates at 2.75% for nonprofits and 3.75% for small businesses. Repayment can extend up to 30 years.
Arizona Local First Arizona Small Business Relief Fund Local First Arizona is offering micro-grants to very small businesses facing the impact of COVID-19. Businesses must have 0-3 employees and less than $250,000 in annual revenue. Priority will be placed on business owners with children under 18 at home and families reliant on the business as their sole income.
Arizona Arizona COVID-19 Community Response Fund Arizona Community Foundation is providing immediate and long-term relief grants to nonprofits. Funds will be released on a rolling basis.
Arizona Business Loan Deferrals Most banks in Arizona have adopted a payment deferral program for business loans under guidance from banking regulatory agencies, and many banks are working directly with consumers on payment deferrals for certain consumer loans.
Arkansas Bridge Loans The governor of Arkansas has announced funding for midsize companies and nonprofits in the state to continue operation.
Arkansas SBA Coronavirus Relief Loans The SBA is allowing small businesses statewide to apply for disaster relief loans of up to $2 million with interest rates at 2.75% for nonprofits and 3.75% for small businesses. Repayment can extend up to 30 years.
Arkansas Truist Cares for Small Businesses Grants Truist Financial Corp. is offering grants to small businesses that have experienced substantial losses in recent weeks through their community development financial institutions. Grants range from $5,000 – $25,000 and are only available to businesses with fewer than 10 full-time employees and no more than $1 million in gross revenue.
Arkansas Grants for COVID-19 Response Mini-grants of $1,000 are being provided by Arkansas Community Foundation to nonprofits for general operating support.
Arkansas Quick Action Loan Program The state is offering eligible companies may apply for a loan or loan guaranty of up to $250,000. Priority is given to small to medium-sized companies that are in the supply chain of essential goods and services (including healthcare, food manufacturing, logistics).
Arkansas WFA’s Assistance Fund for Women Owned Small Businesses $5,000 in grants are available to Arkansas-based small businesses that are 100% women owned. The business must be suffering economic hardship due to COVID-19. NOTE: Applications due by April 13, 2020.
California San Francisco Small Business Resiliency Program San Francisco businesses with 1-5 employees can apply for $10,000 for employee salaries and rent if they can demonstrate a loss of at least 25% in revenue.
California Los Angeles Small Business Emergency Microloans Businesses located in LA impacted by the coronavirus outbreak can apply for low-interest loans between $5,000 and $20,000. Repayment can range from 6 months to 5 years. Interest rates can be as low as 0% for 6-month terms.
California IBank Disaster Relief Loan Guarantee The California IBank is offer 95% gaurantees on loans worth up to $1 million to small businesses in declared disaster areas.
California Sacramento Small Business Economic Emergency Relief Loan A $1 million fund for businesses to borrow up to $25,000 if they were impacted by the coronavirus outbreak. (NOTE: Fund is currently exhausted and not taking new applications. Businesses should check back if additional funding becomes available.)
California South County No-Interest Loans for Local Restaurants South County is providing 0% interest loans of $5,000 to local restaurants impacted by the coronavirus outbreak.
California SBA Coronavirus Relief Loans The SBA is allowing small businesses statewide to apply for disaster relief loans of up to $2 million with interest rates at 2.75% for nonprofits and 3.75% for small businesses. Repayment can extend up to 30 years.
California San Diego Small Business Relief Fund The city of San Diego is providing low- to zero-interest loans and grants that range from $10,000 to $20,000 to businesses with fewer than 100 employees. They will be allocated to eligible, qualified small businesses based on the availability of funds.
California Women’s Economic Venture’s Quick Response Loans Women’s Economic Venture’s is offering local small businesses impacted by COVID-19 up to $10,000 in hardship loans with 4.5% interest rates and 36-month term. First payment is deferred for three months.
California Employer Assistance Grant Fund Los Angeles County will provide local small businesses with 2 to 50 employees that have been impacted by the coronavirus pandemic with grants up $10,000. Applications are limited to 150 and offered on a first come, first serve basis. Applications open on April 8, 2020.
California Stanislaus County Bridge Funding The Stanislaus County Department of Workforce Development will issue $1 million in micro-grants to local businesses with up to 50 employees that have experienced financial hardship due to the COVID-19 pandemic.
California COVID-19 Layoff Aversion Fund The Workforce Development Board (WDB) of Solano County is issuing grants to help businesses with fewer than 500 employees in the county to avoid layoffs. Applicants must demonstrate a need for layoff aversion support due to the impacts of COVID-19.
California Berkeley Business Continuity Grants The City of Berkeley is making grants of up to $10,000 available to Berkeley-based small businesses and nonprofits to enable continuity through and/or beyond the COVID-19 pandemic. Funds must be used to cover payroll, rent, or working capital for the business to cover operational expenses.
California SVCF Small Business Relief Fund The Silicon Valley Community Foundation will provide immediate support to struggling self-employed and small business owners. The loans and grants can come in the form of loan payment relief and affordable capital.
California Poway Emergency Assistance Recovery Loans The city of Poway has approved emergency loans for local small businesses impacted by COVID-19. Loans can range from $5,000 to $50,000. Businesses must be independently owned and operated in the City of Poway, with no more than 50 full-time employees at the time the city declared an emergency on March 18. The city anticipates opening the application process on Thursday, April 23.
Colorado Denver Small Business Emergency Relief The city of Denver plans to issue grants to at least some businesses impacted by the coronavirus outbreak. There are not many details but the website for the program provides a form for small businesses to submit to get connected to resources.
Colorado Denver Microloan Program The city of Denver plans to provide microloans to impacted businesses in the city. Loans will be between $5,000 and $50,000.
Colorado SBA Coronavirus Relief Loans The SBA is allowing small businesses statewide to apply for disaster relief loans of up to $2 million with interest rates at 2.75% for nonprofits and 3.75% for small businesses. Repayment can extend up to 30 years.
Colorado Mesa County COVID-19 Responder Loan The Business Loan Fund (BLF) of Mesa County is a lending program operated by the Western Colorado Business Development Corporation (The Business Incubator Center) offering low-interest loans funds for working capital, equipment, and/or inventory to be used to directly support companies responding to the COVID-19 crisis. Businesses and nonprofits are both eligible.
Colorado Boulder Chamber COVID-19 Small Business Relief Fund The Boulder Chamber of Commerce is proving grants up to $25,000 to locally impacted small businesses. Businesses must have 2 – 50 employees, with principal place of business in the City of Boulder.
Colorado Arvada Loan Fund Beginning April 13, small businesses can apply for a no-interest loan up to $10,000. If a business pays back 75% of the loan in 2021, the remaining 25% will be forgiven.
Colorado Small Business Emergency Relief Grant Program The town of Superior is offering a grant program will provide either a $5,000 or $10,000 grant to immediately offset some of the economic impact due to the pandemic. The Town is accepting applications from small businesses and restaurants with a brick-and-mortar presence in the community.
Connecticut Connecticut Bridge Loans Program Connecticut is making one-year bridge loans up to $75,000 with 0% interest to businesses with 100 or fewer employees that have been harmed by COVID-19 and can demonstrate they were profitable prior to the outbreak. Businesses involved with real estate, multi-level marketing, adult entertainment, cannabis, and firearms are ineligible.
Connecticut SBA Coronavirus Relief Loans The SBA is allowing small businesses statewide to apply for disaster relief loans of up to $2 million with interest rates at 2.75% for nonprofits and 3.75% for small businesses. Repayment can extend up to 30 years.
Delaware H.E.L.P. No-Interest Loans Delaware announced no-interest loans up to $10,000 for hospitality businesses that earn less than $1.5 million a year and have been impacted by the coronavirus outbreak. The loans have a 10-year term and payments can be deferred for the first nine months. Local businesses can contact the program to determine eligibility by emailing business@delaware.gov or calling 302-739-4271 with additional questions.
Delaware SBA Coronavirus Relief Loans The SBA is allowing small businesses statewide to apply for disaster relief loans of up to $2 million with interest rates at 2.75% for nonprofits and 3.75% for small businesses. Repayment can extend up to 30 years.
Delaware Delaware COVID-19 Strategic Response Fund Up to $50,000 in grants for non-profits with deep roots in the community and a strong track record of serving people whole are immediately and disproportionately suffering from the crisis are available.
District of Columbia (DC) DC Small Business Recovery Microgrants Washington, D.C. has created a $25 million fund for microgrants for small businesses and nonprofits within the district impacted by COVID-19.
District of Columbia (DC) Truist Cares for Small Businesses Grants Truist Financial Corp. is offering grants to small businesses that have experienced substantial losses in recent weeks through their community development financial institutions. Grants range from $5,000 – $25,000 and are only available to businesses with fewer than 10 full-time employees and no more than $1 million in gross revenue.
Florida SBA Coronavirus Relief Loans The SBA is allowing small businesses statewide to apply for disaster relief loans of up to $2 million with interest rates at 2.75% for nonprofits and 3.75% for small businesses. Repayment can extend up to 30 years.
Florida Florida Small Business Emergency Bridge Loan Florida is offering up to $50,000 per loan interest free to small businesses with 2-100 workers if they’ve been negatively impacted by COVID-19. The loans are intended to be short-term until the business can secure other financing, including SBA loans.
Florida Truist Cares for Small Businesses Grants Truist Financial Corp. is offering grants to small businesses that have experienced substantial losses in recent weeks through their community development financial institutions. Grants range from $5,000 – $25,000 and are only available to businesses with fewer than 10 full-time employees and no more than $1 million in gross revenue.
Florida Fighting Chance Fund The city of St. Petersburg is offering up to $5,000 in grants to small businesses located in the city with 25 or fewer employees that have been negatively impacted by the COVID-19 pandemic.
Georgia SBA Coronavirus Relief Loans The SBA is allowing small businesses statewide to apply for disaster relief loans of up to $2 million with interest rates at 2.75% for nonprofits and 3.75% for small businesses. Repayment can extend up to 30 years.
Georgia Truist Cares for Small Businesses Grants Truist Financial Corp. is offering grants to small businesses that have experienced substantial losses in recent weeks through their community development financial institutions. Grants range from $5,000 – $25,000 and are only available to businesses with fewer than 10 full-time employees and no more than $1 million in gross revenue.
Georgia Small Business Continuity Loan Fund The City of Atlanta has approved $1.5 million in continuity funding for small businesses. NOTE: The fund is currently closed to new applications, but is accepting inquiries.
Georgia Fulton County Emergency Loan Businesses suffering from interruption of normal business activity due to COVID-19 in Fulton County (excluding those in Atlanta) can apply for up to $50,000 at 4% interest with the first three months deferred. NOTE: New applications are currently suspended.
Hawaii SBA Coronavirus Relief Loans The SBA is allowing small businesses statewide to apply for disaster relief loans of up to $2 million with interest rates at 2.75% for nonprofits and 3.75% for small businesses. Repayment can extend up to 30 years.
Idaho WaFD Small Business Credit Line Regional bank is offering a 5-year credit line with the first 90 days interest free to businesses who have experiened a 10% drop in revenue. Credit lines can be up to $200,000.
Idaho SBA Coronavirus Relief Loans The SBA is allowing small businesses statewide to apply for disaster relief loans of up to $2 million with interest rates at 2.75% for nonprofits and 3.75% for small businesses. Repayment can extend up to 30 years.
Illinois Chicago Small Business Resiliency Fund Chicago small businesses (defined as earning less than $3 million a year and fewer than 50 employees) can apply for up to $50,000 low-interest loans if they’ve experienced at least a 25% drop in revenue due to the coronavirus outbreak.
Illinois SBA Coronavirus Relief Loans The SBA is allowing small businesses statewide to apply for disaster relief loans of up to $2 million with interest rates at 2.75% for nonprofits and 3.75% for small businesses. Repayment can extend up to 30 years.
Illinois University of Chicago South Side Small Business Support The University has dedicated $1 million in funding to provide short-term grants up to $7,500 for businesses impacted by the coronavirus outbreak on Chicago’s South Side. Eligibility requirements will be posted March 30.
Illinois Illinois Small Business Emergency Loan Fund The Illinois Illinois Department of Commerce and Department of Financial and Professional Regulation will offer small businesses low interest loans of up to $50,000 outside the City of Chicago. To apply businesses must have fewer than 50 workers and less than $3 million in revenue in 2019. Successful applicants will owe nothing for six months and will then begin making fixed payments at a below market interest rate for the remainder of a five-year loan term.
Illinois Hospitality Emergency Grant Program The state’s Department of Commerce is offering grant funds to support shifts in operations, like increased pick-up and delivery. Bars and restaurants that generated between $500K and $1M in revenue in 2019 are eligible for up to $25,000, and bars and restaurants that generated less than $500K in revenue in 2019 are eligible for up to $10,000. Hotels that generated less than $8M in revenue in 2019 are eligible for up to $50,000.
Illinois Downstate Small Business Stabilization Program Small businesses of up to 50 employees the opportunity to partner with their local governments to obtain grants of up to $25,000 in working capital. These grants will be offered on a rolling basis.
Indiana SBA Coronavirus Relief Loans The SBA is allowing small businesses statewide to apply for disaster relief loans of up to $2 million with interest rates at 2.75% for nonprofits and 3.75% for small businesses. Repayment can extend up to 30 years.
Indiana Rapid Response Loan Fund Indy Chamber’s Business Ownership Initiative (BOI) is offering bridge loans worth between $1,000 and $25,000 at 3.75% interest for local businesses impacted by COVID-19. These are intended to provide funds until SBA coronavirus relief loans are secured by the borrower.
Indiana COVID-19 Emergency SMALL BUSINESS Forgivable LOAN Program Businesses located within the counties of Clark and Floyd, Indiana are eligible for forgivable loans if they’re under 50 employees, have been in business for at least two years, and received previous bank financing. Loans can range from $2,500 to $10,000 and forgivable if the business operates through December 2021.
Iowa SBA Coronavirus Relief Loans The SBA is allowing small businesses statewide to apply for disaster relief loans of up to $2 million with interest rates at 2.75% for nonprofits and 3.75% for small businesses. Repayment can extend up to 30 years.
Iowa Small Business Relief Grants The state of Iowa is offering grants between $5,000 and $25,000 to small businesses experiencing a disruption due to COVID-19 and have 2-25 employees. Grant size is determine by losses and number of employees. The state is also offering deferrals on taxes and waivers for penalties and interest.
Kansas Hospitality Industry Relief Emergency (HIRE) Fund The state of Kansas will up to $20,000 in short-term zero-interest loans to impacted hospitality businesses with fewer than 100 employees. Loan desicions will be made in 72 hours after an application is received and approved loans will be paid out within 48 hours.
Kansas SBA Coronavirus Relief Loans The SBA is allowing small businesses statewide to apply for disaster relief loans of up to $2 million with interest rates at 2.75% for nonprofits and 3.75% for small businesses. Repayment can extend up to 30 years.
Kentucky SBA Coronavirus Relief Loans The SBA is allowing small businesses statewide to apply for disaster relief loans of up to $2 million with interest rates at 2.75% for nonprofits and 3.75% for small businesses. Repayment can extend up to 30 years.
Kentucky Truist Cares for Small Businesses Grants Truist Financial Corp. is offering grants to small businesses that have experienced substantial losses in recent weeks through their community development financial institutions. Grants range from $5,000 – $25,000 and are only available to businesses with fewer than 10 full-time employees and no more than $1 million in gross revenue.
Louisiana New Orleans Business Alliance Gig Economy Fund The New Orleans Business Alliance from $500 to $1,000 to musicians, drivers, and other gig workers affected by COVID-19. Applicants must be an Orleans Parish resident.
Louisiana SBA Coronavirus Relief Loans The SBA is allowing small businesses statewide to apply for disaster relief loans of up to $2 million with interest rates at 2.75% for nonprofits and 3.75% for small businesses. Repayment can extend up to 30 years.
Louisiana Louisiana Loan Portfolio Guaranty Program Louisiana Economic Development will offer loans up to $100,000, with interest rates of no more than 3.5%, and no payments for at least 180 days. The loan term can be up to five years for and is for businesses with fewer than 100 employees that have been impacted by the coronavirus pandemic.
Maine FAME Bridge and Direct Loans The Finance Authority of Maine is offering direct loans of up to $50,000 with special terms available to Maine-based businesses experiencing interruption or hardship due to COVID-19. It’s also providing loans of up to $100,000 with special terms available to eligible borrowers who provide proof of commitment for SBA financing. The FAME loan would be originated for use to the business owner until the SBA loan is funded. The SBA loan would then pay-off the FAME loan.
Maine FAME Lender Backing The Finance Authority of Maine will back 50-75% of loans from commercial lenders who make loans to Maine businesses experiencing interruption or hardship due to COVID-19.
Maine SBA Coronavirus Relief Loans The SBA is allowing small businesses statewide to apply for disaster relief loans of up to $2 million with interest rates at 2.75% for nonprofits and 3.75% for small businesses. Repayment can extend up to 30 years.
Maryland SBA Coronavirus Relief Loans The SBA is allowing small businesses statewide to apply for disaster relief loans of up to $2 million with interest rates at 2.75% for nonprofits and 3.75% for small businesses. Repayment can extend up to 30 years.
Maryland Maryland Small Business COVID-19 Emergency Relief Loan Fund Maryland is offering loans up to $50,000 with 0% interest for the first year and then 2% interest for the remaining 36 months for impacted businesses with fewer than 50 employees.
Maryland Maryland Small Business COVID-19 Emergency Relief Grant Fund The state is offering grants up to $10,000 both small businesses and nonprofits with fewer than 50 employees that have been negatively impacted by the coronavirus outbreak.
Maryland Maryland COVID-19 Emergency Relief Manufacturing Fund The state has put in place a program with up to $5 million in incentives for manufacturers to produce personal protective equipment (PPE) that is urgently needed by hospitals and health-care workers across the country.
Maryland COVID-19 Layoff Aversion Fund The state of Maryland has dedicated a $7 million fund to help prevent layoffs among businesses in the state. Businesses can get up to $50,000 to help fund initiatives to prevent layoffs, such purchasing equipment to enable remote work, funding liability insurance for restaurants converting to delivery, and more.
Maryland Truist Cares for Small Businesses Grants Truist Financial Corp. is offering grants to small businesses that have experienced substantial losses in recent weeks through their community development financial institutions. Grants range from $5,000 – $25,000 and are only available to businesses with fewer than 10 full-time employees and no more than $1 million in gross revenue.
Massachusetts 2020 Small Business Recovery Loan Fund. The state is providing emergency capital of up to $75,000 for businesses with fewer than 50 full-time and part-time employees. It’s also available to nonprofits. Payments are deferred for the first six months.
Massachusetts SBA Coronavirus Relief Loans The SBA is allowing small businesses statewide to apply for disaster relief loans of up to $2 million with interest rates at 2.75% for nonprofits and 3.75% for small businesses. Repayment can extend up to 30 years.
Massachusetts Boston Resiliency Fund The city fo Boston has raised $25 million in funding to provide to nonprofit organizations who provide immediate support and relief to residents of Boston across a spectrum of different needs and priorities.
Massachusetts Cambridge COVID-19 Emergency Fund The city of Cambridge is offering one-time grants ranging from $200 to $1,000 will be made available on a rolling basis until funds are depleted. Applicants must be Cambridge residents – or people whose main source of income emanates from Cambridge – Cambridge organizations with 501c3 status, or small businesses in our community with demonstrated loss of opportunity or income.
Michigan Michigan Small Business Relief Grants Michigan is offering grants up to $10,000 to support certain small businesses (fewer than 50 employees) statewide that have realized a significant financial hardship as a result of the COVID-19 outbreak. Grants may be used for working capital to support payroll expenses, rent, mortgage payments, utility expenses, or other similar expenses that occur in the ordinary course of business.
Michigan Michigan Small Business Relief Loans Michigan is offering loans with .25% interest rates for certain small business loans that have realized a significant financial hardship as a result of the COVID-19 outbreak. Loans to eligible borrowers must be $50,000 or more and are capped at $200,000.
Michigan SBA Coronavirus Relief Loans The SBA is allowing small businesses statewide to apply for disaster relief loans of up to $2 million with interest rates at 2.75% for nonprofits and 3.75% for small businesses. Repayment can extend up to 30 years.
Michigan Small Business Relief Loan Fund Wayne County and TCF have created a joint fund to provide low-interest loans to businesses in the county hurt by the COVID-19 pandemic. Businesses with fewer than 100 employees or $1 million or less in annual revenue that have experienced a 25% or greater disruption in revenue and are located in a low-income area are eligible to apply. Loans can range from $5,000 to $50,000 with interest rates 2% or less.
Michigan COVID-19 Grant Relief Fund for Detroit Small Businesses Businesses with fewer than 50 employees and less than $1 million in net annual income that have seen a loss due to the coronavirus pandemic can apply for grants worth $2,500 and $10,000 through the Michigan Economic Development Corporation.
Michigan Ann Arbor Area Community Foundation’s Short-Term Cash Flow Loan Program Short-term loans of of $5,000 – $50,000 to local nonprofits are available on a rolling basis. Loans are interest-free. Loans can be used to meet cash flow needs of the organization for a period of up to 180 days.
Michigan Urgent Needs Fund Grand Traverse Regional Community Foundation is providing grants of $5,000 to $15,000 to nonprofits in the region. Funding will generally be available to be disbursed mid-month or at month-end.
Michigan Emergency Response and Recovery Grant Berrien Community Foundation and United Way of Southwest Michigan are offering emergency grants that focus on programs doing emergency relief. Applicants are asked to look at their ability to serve over the next 2-4 weeks and describe any needs/gaps in service that they anticipate having in that time frame.
Michigan Detroit Small Business Stabilization Fund TechTown will administer working capital grants in amounts of up to $5,000 to qualifying small businesses impacted by the coronavirus pandemic.
Minnesota Otto Bremer Trust Community Benefit Financial Company Emergency Fund The Otto Bremer Trust has set up a $50 million fund for nonprofits and community organizations Minnesota, Wisconsin, North Dakota, and Montana. The fund will provide resources in the form of short-term loans, lines of credit, and emergency grants.
Minnesota SBA Coronavirus Relief Loans The SBA is allowing small businesses statewide to apply for disaster relief loans of up to $2 million with interest rates at 2.75% for nonprofits and 3.75% for small businesses. Repayment can extend up to 30 years.
Minnesota Small Business Emergency Loans The state of Minnesota is offering zero-interest loans ranging from $2,500 to $35,000 and based on economic injury and the financial need to specific small businesses impacted by the COVID-19 pandemic.
Minnesota Minneapolis Gap Funds for Small Businesses Minneapolis is offering forgivable no-interest loans for small business will come in fixed amounts of $5,000 or $10,000, depending on need resulting from the COVID-19 emergency. Companies with 20 employees or less and people who are self-employed are eligible. Applications close April 20.
Mississippi SBA Coronavirus Relief Loans The SBA is allowing small businesses statewide to apply for disaster relief loans of up to $2 million with interest rates at 2.75% for nonprofits and 3.75% for small businesses. Repayment can extend up to 30 years.
Missouri SBA Coronavirus Relief Loans The SBA is allowing small businesses statewide to apply for disaster relief loans of up to $2 million with interest rates at 2.75% for nonprofits and 3.75% for small businesses. Repayment can extend up to 30 years.
Missouri Truist Cares for Small Businesses Grants Truist Financial Corp. is offering grants to small businesses that have experienced substantial losses in recent weeks through their community development financial institutions. Grants range from $5,000 – $25,000 and are only available to businesses with fewer than 10 full-time employees and no more than $1 million in gross revenue.
Missouri COVID-19 Response & Recovery Fund COVID-19 Response and Recovery Fund Grant Program will award grants on an ongoing basis to agencies across the Foundation’s 58-county service area of central and southern Missouri. Current grantmaking priorities are for programs that serve vulnerable populations affected by the COVID-19 outbreak.
Montana Otto Bremer Trust Community Benefit Financial Company Emergency Fund The Otto Bremer Trust has set up a $50 million fund for nonprofits and community organizations Minnesota, Wisconsin, North Dakota, and Montana. The fund will provide resources in the form of short-term loans, lines of credit, and emergency grants.
Montana SBA Coronavirus Relief Loans The SBA is allowing small businesses statewide to apply for disaster relief loans of up to $2 million with interest rates at 2.75% for nonprofits and 3.75% for small businesses. Repayment can extend up to 30 years.
Nebraska SBA Coronavirus Relief Loans The SBA is allowing small businesses statewide to apply for disaster relief loans of up to $2 million with interest rates at 2.75% for nonprofits and 3.75% for small businesses. Repayment can extend up to 30 years.
Nevada WaFD Small Business Credit Line Regional bank is offering a 5-year credit line with the first 90 days interest free to businesses who have experiened a 10% drop in revenue. Credit lines can be up to $200,000.
Nevada SBA Coronavirus Relief Loans The SBA is allowing small businesses statewide to apply for disaster relief loans of up to $2 million with interest rates at 2.75% for nonprofits and 3.75% for small businesses. Repayment can extend up to 30 years.
New Hampshire Emergency Healthcare System Fund The governor of New Hampshire has declared an emergency $50 million fund that can be distributed through grants or loans for hospitals and “other healthcare providers.”
New Hampshire Emergency Order #6 The governor declared that restaurants, diners, bars, saloons, private clubs or any other establishment that have both a restaurant license and on premise license from the New Hampshire liquor commission can sell alcohol through take out or delivery through the crisis.
New Hampshire SBA Coronavirus Relief Loans The SBA is allowing small businesses statewide to apply for disaster relief loans of up to $2 million with interest rates at 2.75% for nonprofits and 3.75% for small businesses. Repayment can extend up to 30 years.
New Jersey SBA Coronavirus Relief Loans The SBA is allowing small businesses statewide to apply for disaster relief loans of up to $2 million with interest rates at 2.75% for nonprofits and 3.75% for small businesses. Repayment can extend up to 30 years.
New Jersey Truist Cares for Small Businesses Grants Truist Financial Corp. is offering grants to small businesses that have experienced substantial losses in recent weeks through their community development financial institutions. Grants range from $5,000 – $25,000 and are only available to businesses with fewer than 10 full-time employees and no more than $1 million in gross revenue.
New Jersey New Jersey Small Business Emergency Assistance Grant Program The New Jersey Economic Development Authority (NJEDA) is offering up to $5,000 in grants to impacted businesses in specific industries with 1-10 full-time employees. The application window is from April 3-10, 2020.
New Jersey NJEDA Small Business Emergency Assistance Loan The New Jersey Small Business Emergency Assistance Loan offers up to $100,000 in working capital to small businesses and nonprofits that have been in existence for at least one-year and has less than $5 million in annual revenue. These businesses must have been negatively impacted by the COVID-19 outbreak (including, but not limited to: reduction of business hours, complete closure of business, at least a 20% decline in revenue, employees unable to work, required to close by government, or disruption of supply chain).
New Jersey CDFI Emergency Assistance Grant Program and the CDFI Loan Loss Reserve Fund New Jersey Economic Development Authority (NJEDA) is offering up to $250,000 in grants and taking a first loss position on up to $10 million in loans granted to small businesses through NJ-based Community Development Finance Institutions (CDFIs).
New Jersey New Jersey Economic Development Authority (NJEDA) Technical Assistance Fund New Jersey Economic Development Authority (NJEDA) has made available $150,000 for payments to four local organizations that help small businesses impacted by COVID-19 apply for assistance programs from the SBA. This includes, but is not limited to, preparing financial information, packaging application documentation, and completing and submitting the on-line or paper-based application.
New Mexico WaFD Small Business Credit Line Regional bank is offering a 5-year credit line with the first 90 days interest free to businesses who have experiened a 10% drop in revenue. Credit lines can be up to $200,000.
New Mexico NMEDD Guarantee Program The New Mexico Economic Development Department is guaranteeing a portion of a loan or line of credit up to 80% of principal or $50,000 for small businesses seeking an emergency loan or line of credit.
New Mexico SBA Coronavirus Relief Loans The SBA is allowing small businesses statewide to apply for disaster relief loans of up to $2 million with interest rates at 2.75% for nonprofits and 3.75% for small businesses. Repayment can extend up to 30 years.
New York NYC Small Business Continuity Loan Fund New York City has established a program for businesses with fewer than 100 employees who have seen sales decreases of 25% or more will be eligible for zero interest loans of up to $75,000 to help retain employees and ensure business continuity.
New York NYC Employee Retention Grant Program New York City is offering small businesses with fewer than 5 employees a grant to cover 40% of payroll costs for two months to help retain employees. Grants are capped at $27,500.
New York SBA Coronavirus Relief Loans The SBA is allowing small businesses statewide to apply for disaster relief loans of up to $2 million with interest rates at 2.75% for nonprofits and 3.75% for small businesses. Repayment can extend up to 30 years.
New York COVID-19 Emergency Business Relief Program The North Country Alliance is offering up to $25,000 in 5% interest loans to small businesses impacted by the coronavirus pandemic.
New York Syracuse Economic Development Corporation (SECDO) COVID-19 Emergency Relief Program The Syracuse Economic Development Corporation (SEDCO) has created a dedicated $500,000 fund to provide zero-percent interest, 180-day emergency loans to small businesses in the City. NOTE: The department is no longer taking applications for this fund.
New York The Ithaca Tompkins County COVID-19 Small Business Resilience Fund (SBRF) A fund to provide 0%-interest loans to approximately 75 local businesses began taking applications on April 15. The forgivable loans in the amount of up to $5,000 for working capital to micro-enterprises and small businesses in Ithaca and Tompkins County experiencing hardship related to the COVID-19 pandemic.
New York COVID-19 Unity Response Fund The Community Foundation of Elmira-Corningand the Finger Lakes, Inc. is offering mini-grants up to $1,000 for local nonprofit organizations.
North Carolina SBA Coronavirus Relief Loans The SBA is allowing small businesses statewide to apply for disaster relief loans of up to $2 million with interest rates at 2.75% for nonprofits and 3.75% for small businesses. Repayment can extend up to 30 years.
North Carolina Truist Cares for Small Businesses Grants Truist Financial Corp. is offering grants to small businesses that have experienced substantial losses in recent weeks through their community development financial institutions. Grants range from $5,000 – $25,000 and are only available to businesses with fewer than 10 full-time employees and no more than $1 million in gross revenue.
North Carolina One Buncombe Fund Businesses physically and principally located in Buncombe County that have experienced at least 25% drop in revenue because of COVID-19 can access low-interest loans. Loans are up to $10,000 with no payment due for the first six months. Must have fewer than 50 full- and part-time employees and also agree to provide impact data.
North Carolina North Carolina COVID-19 Rapid Recovery Loan North Carolina is offering up to $50,000 in bridge loans for business impacted by COVID-19 intending to secure loans from the SBA. Loan come with six months of no interest and no payments, followed by 48 months of principal and interest payments at 5.5% interest.
North Carolina The Davie County COVID-19 Response Fund Davie County nonprofit organizations and agencies who provide a “safety net” for families in this very difficult economic situation may apply for grants up to $5,000.
North Dakota North Dakota Development Fund 30-Day Pause for Payments The North Dakota Development Fund has suspended all payments for its loan programs for 30 days. This applies to interest and principal.
North Dakota Otto Bremer Trust Community Benefit Financial Company Emergency Fund The Otto Bremer Trust has set up a $50 million fund for nonprofits and community organizations Minnesota, Wisconsin, North Dakota, and Montana. The fund will provide resources in the form of short-term loans, lines of credit, and emergency grants.
North Dakota SBA Coronavirus Relief Loans The SBA is allowing small businesses statewide to apply for disaster relief loans of up to $2 million with interest rates at 2.75% for nonprofits and 3.75% for small businesses. Repayment can extend up to 30 years.
Ohio SBA Coronavirus Relief Loans The SBA is allowing small businesses statewide to apply for disaster relief loans of up to $2 million with interest rates at 2.75% for nonprofits and 3.75% for small businesses. Repayment can extend up to 30 years.
Ohio Truist Cares for Small Businesses Grants Truist Financial Corp. is offering grants to small businesses that have experienced substantial losses in recent weeks through their community development financial institutions. Grants range from $5,000 – $25,000 and are only available to businesses with fewer than 10 full-time employees and no more than $1 million in gross revenue.
Ohio Appalachian Growth Capital Loans Appalachian Growth Capital, LLC is overseeing a fund of loans for small businesses with fewer than 500 employees that have experienced disruption due to the COVID-19 outbreak. Loans can go up to $100,000.
Ohio Greater Cleveland COVID-19 Rapid Response Fund The Greater Cleveland COVID-19 Rapid Response Fund is designed to complement the work of public health officials and expand local capacity to address all aspects of the outbreak as efficiently as possible. The Rapid Response Fund will provide grant awards on a rolling basis to nonprofit organizations.
Oklahoma SBA Coronavirus Relief Loans The SBA is allowing small businesses statewide to apply for disaster relief loans of up to $2 million with interest rates at 2.75% for nonprofits and 3.75% for small businesses. Repayment can extend up to 30 years.
Oklahoma Tulsa Business Resilience and Recovery Program The city of Tulsa is providing zero interest loans to provide funding to local small business owners and entrepreneurs affected by COVID-19. Business must have fewer than 50 full time equivalent employees, and at least 1 employee (owners and contract workers do not count toward your FTE total), at least a 25% reduction in revenue and have been operating a business for more than one year.
Oregon WaFD Small Business Credit Line Regional bank is offering a 5-year credit line with the first 90 days interest free to businesses who have experiened a 10% drop in revenue. Credit lines can be up to $200,000.
Oregon Jade District-Old Town COVID-19 Small Business Response Fund Small businesses located in the Jade District or Old Town Chinatown of Portland can apply for financial assistance from a $190,000 fund. priority on Asian and Pacific Islander owned businesses. Priority is given to Asian and Pacific Islander owned businesses.
Oregon SBA Coronavirus Relief Loans The SBA is allowing small businesses statewide to apply for disaster relief loans of up to $2 million with interest rates at 2.75% for nonprofits and 3.75% for small businesses. Repayment can extend up to 30 years.
Oregon Beaverton Emergency Business Assistance Program The city of Beaverton is offering grants up to $2,500 for rent or mortgage expenses to small businesses impacted by COVID-19. Currently, the focus is on restaurants and bars. Businesses must be 50 people or fewer.
Oregon Hillsboro Small Business Emergency Relief Program The city has committed $500,000 in grants for small businesses hurt by COVID-19. Preference is given to businesses with fewer than 10 employees, veterans and minorities.
Oregon Portland Small Business Relief Fund The city of Portland has allocated funds to be distributed to small businesses hurt by the COVID-19 outbreak through its economic development arm, Prosper Portland. This includes grants up to $10,000 and zero-interest loans up to $50,000. Eligible businesses must have experienced at least a 25% revenue decline and be under 50 employees.
Pennsylvania Pennsylvania Small Business First Fund Pennsylvanis has created a $61 million fund to provide working capital loans of up to $100,000 directly to small businesses and hopefully nonprofits (those that employ 100 or fewer persons). The interest rate is currently 3%, however the PIDA board has the authority to adjust the interest rates and so it is possible the board will act to lower rates to as low as 0%. The program will be administered by the Pennsylvania Industrial Development Authority (PIDA).
Pennsylvania SBA Coronavirus Relief Loans The SBA is allowing small businesses statewide to apply for disaster relief loans of up to $2 million with interest rates at 2.75% for nonprofits and 3.75% for small businesses. Repayment can extend up to 30 years.
Pennsylvania COVID-19 Working Capital Access Program (CWCA) The state has established a $60 million fund through the Pennsylvania Industrial Development Authority’s (PIDA) Small Business First Fund for businesses with fewer than 100 employees impacted by the coronavirus outbreak. Loans can go up to $100,000.
Pennsylvania Truist Cares for Small Businesses Grants Truist Financial Corp. is offering grants to small businesses that have experienced substantial losses in recent weeks through their community development financial institutions. Grants range from $5,000 – $25,000 and are only available to businesses with fewer than 10 full-time employees and no more than $1 million in gross revenue.
Pennsylvania PA Cares Initiative Five regional banks signed on to the PA Cares initiative, which requires banks to commit to the following steps: Expansion of small and medium business loan availability; 90-day grace period for mortgages; 90-day grace period for other consumer loans such as auto loans; 90-day window for relief from fees and charges such as late, overdraft fees; foreclosure, eviction, or motor vehicle repossession moratorium for 60 days; and no adverse credit reporting for accessing relief on consumer loans.
Pennsylvania Montcostrong Small Business Grant Program Montgomery County is providing $1 million in economic development funds to provide grants to eligible small businesses with no more than 50 employees. Individual grants will be as high as $25,000 and can be used for payroll, rent, utilities or debt.
Pennsylvania Emergency Ag Assistance Grants The Giant Company is working with Team Pennsylvania to provide an emergency grant program to support farms, processors, and other small food businesses in Pennsylvania’s food supply chain impacted by the ongoing COVID-19 pandemic. Any small business of 250 employees or less involved in growing, making, or processing food within the Commonwealth of Pennsylvania. Maximum award amount of $15,000 per business. Applications close April 24, 2020.
Rhode Island SBA Coronavirus Relief Loans The SBA is allowing small businesses statewide to apply for disaster relief loans of up to $2 million with interest rates at 2.75% for nonprofits and 3.75% for small businesses. Repayment can extend up to 30 years.
South Carolina SBA Coronavirus Relief Loans The SBA is allowing small businesses statewide to apply for disaster relief loans of up to $2 million with interest rates at 2.75% for nonprofits and 3.75% for small businesses. Repayment can extend up to 30 years.
South Carolina Truist Cares for Small Businesses Grants Truist Financial Corp. is offering grants to small businesses that have experienced substantial losses in recent weeks through their community development financial institutions. Grants range from $5,000 – $25,000 and are only available to businesses with fewer than 10 full-time employees and no more than $1 million in gross revenue.
South Carolina COVID-19 Relief & Recovery Fund Coastal Community Foundation of South Carolina is providing flexible relief funding to nonprofits disproportionately impacted by the COVID-19 pandemic and the economic consequences of this outbreak.
South Dakota SBA Coronavirus Relief Loans The SBA is allowing small businesses statewide to apply for disaster relief loans of up to $2 million with interest rates at 2.75% for nonprofits and 3.75% for small businesses. Repayment can extend up to 30 years.
Tennessee SBA Coronavirus Relief Loans The SBA is allowing small businesses statewide to apply for disaster relief loans of up to $2 million with interest rates at 2.75% for nonprofits and 3.75% for small businesses. Repayment can extend up to 30 years.
Tennessee Truist Cares for Small Businesses Grants Truist Financial Corp. is offering grants to small businesses that have experienced substantial losses in recent weeks through their community development financial institutions. Grants range from $5,000 – $25,000 and are only available to businesses with fewer than 10 full-time employees and no more than $1 million in gross revenue.
Texas WaFD Small Business Credit Line Regional bank is offering a 5-year credit line with the first 90 days interest free to businesses who have experiened a 10% drop in revenue. Credit lines can be up to $200,000. Only available in Dallas and Austin.
Texas SBA Coronavirus Relief Loans The SBA is allowing small businesses statewide to apply for disaster relief loans of up to $2 million with interest rates at 2.75% for nonprofits and 3.75% for small businesses. Repayment can extend up to 30 years.
Texas Truist Cares for Small Businesses Grants Truist Financial Corp. is offering grants to small businesses that have experienced substantial losses in recent weeks through their community development financial institutions. Grants range from $5,000 – $25,000 and are only available to businesses with fewer than 10 full-time employees and no more than $1 million in gross revenue.
Texas Harris County COVID-19 Forgivable Loan Harris County businesses can apply for 0% interest loans worth up to $25,000 to mitigate the impact of the coronavirus pandemic. Businesses with a tangible net worth not more than $15 million, and an average net income of $5 million or less after federal income taxes for the preceding two years prior to application.
Texas Small Business Assistance Program The county of Cedar Park, TX is offering up to $5,000 in grants and $10,000 in loans for local business with no more than 25 employees that have seen at least a 25% decline in revenue due to COVID-19.
Texas Round Rock Cares The Round Rock Cares fund is providing financial support to local businesses with 50 or fewer full-time personnel and are able to demonstrate a clear financial impact on its operations as a result of COVID-19. NOTE: This fund is currently maxed out but anticipates additional funding soon.
Texas Business Recovery Loan Program The program provides local small businesses a short-term (180 day) low interest (fixed rate – 3.25% APR) single-pay note. The APR (Annual Percentage Rate) will be offered for a limited time (through June 30, 2020) and is intended to provide gap financing for businesses awaiting insurance, SBA or other funding in their long-term recovery.
Utah WaFD Small Business Credit Line Regional bank is offering a 5-year credit line with the first 90 days interest free to businesses who have experiened a 10% drop in revenue. Credit lines can be up to $200,000. Only available in Dallas and Austin.
Utah SBA Coronavirus Relief Loans The SBA is allowing small businesses statewide to apply for disaster relief loans of up to $2 million with interest rates at 2.75% for nonprofits and 3.75% for small businesses. Repayment can extend up to 30 years.
Vermont SBA Coronavirus Relief Loans The SBA is allowing small businesses statewide to apply for disaster relief loans of up to $2 million with interest rates at 2.75% for nonprofits and 3.75% for small businesses. Repayment can extend up to 30 years.
Virginia SBA Coronavirus Relief Loans The SBA is allowing small businesses statewide to apply for disaster relief loans of up to $2 million with interest rates at 2.75% for nonprofits and 3.75% for small businesses. Repayment can extend up to 30 years.
Virginia Truist Cares for Small Businesses Grants Truist Financial Corp. is offering grants to small businesses that have experienced substantial losses in recent weeks through their community development financial institutions. Grants range from $5,000 – $25,000 and are only available to businesses with fewer than 10 full-time employees and no more than $1 million in gross revenue.
Virginia Virginia 30-Day Fund Pete and Burson Snyder have established a $100,000 fund to distribute up to $3,000 in forgivable loans to businesses with three to 30 employees that are impacted by the coronavirus pandemic. The fund is actually available nationwide.
Virginia Central Virginia COVID-19 Response Fund The Community Foundation and the Emergency Management Alliance of Central Virginia is providing rapid support to community organizations and public agencies that are meeting the needs of individuals and families most affected by the coronavirus pandemic. The fund is designed to be flexible in focus as needs change over time, and to complement other resources and responses at the national, state and local levels.
Washington WaFD Small Business Credit Line Regional bank is offering a 5-year credit line with the first 90 days interest free to businesses who have experiened a 10% drop in revenue. Credit lines can be up to $200,000.
Washington Tax Relief Programs Washington state is offering tax relief by temporarily suspending penalties for late payments, pausing audits and other measures.
Washington Shared Work Program Washington state is offering a shared work program that allows eligible businesses to reduce employee hours by as much as 50% without laying off the employee.
Washington SBA Coronavirus Relief Loans The SBA is allowing small businesses statewide to apply for disaster relief loans of up to $2 million with interest rates at 2.75% for nonprofits and 3.75% for small businesses. Repayment can extend up to 30 years.
Washington Pierce County Loan Program for Small Businesses Impacted by the COVID-19 Pandemic Pierce County passed an emergency ordinance funding loans for small businesses with 10 or fewer employees in the county that have seen at least a 25% reduction in revenue due to the COVID-19 pandemic. Loans can go up to $2,000 per employee but not to exceed $10,000. Applications are not available yet. Interested businesses should reach out the Pierce County Economic Development department.
Washington Working Washington Small Business Emergency Grants Washington state is providing $5 million in funding for grants to businesses impacted by the coronavirus pandemic with up to 10 employees. Grants can be up to $10,000, awarded on a case-by-case basis and will take 4-6 weeks. Nonprofits are not eligible.
West Virginia SBA Coronavirus Relief Loans The SBA is allowing small businesses statewide to apply for disaster relief loans of up to $2 million with interest rates at 2.75% for nonprofits and 3.75% for small businesses. Repayment can extend up to 30 years.
West Virginia Truist Cares for Small Businesses Grants Truist Financial Corp. is offering grants to small businesses that have experienced substantial losses in recent weeks through their community development financial institutions. Grants range from $5,000 – $25,000 and are only available to businesses with fewer than 10 full-time employees and no more than $1 million in gross revenue.
Wisconsin Otto Bremer Trust Community Benefit Financial Company Emergency Fund The Otto Bremer Trust has set up a $50 million fund for nonprofits and community organizations Minnesota, Wisconsin, North Dakota, and Montana. The fund will provide resources in the form of short-term loans, lines of credit, and emergency grants.
Wisconsin The Small Business 20/20 Program The Wisconsin Economic Development Corporation (WEDC) is offering impacted small businesses two months of payroll and rent expenses, up to a maximum of $20,000 through its community development financial institutions. Funds must be used for rent and payroll expenses, including covering paid leave (sick, family and other leave related to COVID-19) during the duration of the funding period.
Wisconsin SBA Coronavirus Relief Loans The SBA is allowing small businesses statewide to apply for disaster relief loans of up to $2 million with interest rates at 2.75% for nonprofits and 3.75% for small businesses. Repayment can extend up to 30 years.
Wisconsin Rock County COVID-19 Emergency Small Business Loan Fund (SBLF) Rock County is making loans of up to $20,000 available to businesses experiencing financial difficulties due to the global COVID-19 pandemic. These loans will be structured as low-interest, working capital loans with terms that have an ability to extend up to 60-months.
Wisconsin Dane County Small Business Pandemic Support Program There is $250,000 of available funding to support Dane County locally-owned small businesses with employee retention and to mitigate losses from the COVID-19 pandemic. Grant awards will range from $1,000 to $50,000.
Wyoming Jackson Hole Community Emergency Reponse Fund The Community Foundation of Jackson Hole have created a $300,000 fund to assist local nonprofits during the coronavirus outbreak.
Wyoming SBA Coronavirus Relief Loans The SBA is allowing small businesses statewide to apply for disaster relief loans of up to $2 million with interest rates at 2.75% for nonprofits and 3.75% for small businesses. Repayment can extend up to 30 years.

Other Small Business Financial Aid

Salesforce Care Small Business Grants

Salesforce, partnering with Ureeka, offering small businesses $10,000 grants. Must be a for-profit business affected by COVID-19 outbreak with 2 to 50 employees. Also, must have been in business for at least two years as of March 2020 and have annual revenue of $250,000 to $2 million.

Facebook Small Business Grants Program

Facebook offering $100 million in cash grants and ad credits. Must be a for-profit business with 2 to 50 employees, in business for more than a year and in an area where Facebook is used.

Taking advantage of coronavirus financial aid programs

If you lose your job or experience reduced income as a result of COVID-19, take advantage of any relief programs for which you are eligible as soon as possible. Also, be proactive about your finances. If necessary, seek debt help before your financial troubles get out of hand. Examine your budget and make necessary cuts sooner than later during this unprecedented time. Here is a 7-step guide on how to recession-proof your finances in times like these.