Our mission is to improve the quality of life for Pennsylvania citizens while assuring transparency and accountability in the expenditure of public funds. The Denver Small Business Emergency Relief program offers cash grants of up to $7,500 … Check your governor’s website for up-to-date information about relief available in your area. Have 25 or fewer full-time equivalent employees prior to February 15, 2020. How to apply: Complete a loan inquiry form online. We will deploy grants to help them bridge the financial gap, and deliver technical assistance to help them navigate the intricate web of public and private resources now available. Eligible expenses include: Paying rent and utilities; Meeting payroll; Paying outstanding debt to vendors; Upgrading technology infrastructure; Other immediate operational costs Proof of Business Registration with PA Department of State, as applicable: Articles of Incorporation (for corporations and LLCs); or, Fictitious Name Registration/“Doing Business As” (Sole Proprietors); or. All Rights Reserved, This is a BETA experience. The City of San Francisco has also initiated a, for small- and medium-sized businesses whose revenue has been affected by the coronavirus. In order to get funds to businesses in need as quickly as possible, the second application window will be the final opportunity to apply for the program. Governor Wolf Announces New Funding Available to Protect Homeless Pennsylvanians During COVID-19 Resurgence November 5, 2020 Governor Wolf Announces New Funding to Support Small Business Expansion, Job Creation in Three PA Counties November 4, 2020 The deadline for the first round of applicants is April 17. How to apply: Application processes are different for each program. Expenses can be considered since March 10, 2020, given that it does not exceed 3 months of operating expenses evidenced by 2019 Federal Tax Returns. Washington, D.C. food and retail businesses (that already have a type of outdoor operation permit) can apply for the Streatery Winter Ready Grant Program, which provides funds for marketing, furniture, and certain kinds of heating equipment. To access the sessions in spanish, click on those labelled "SAMA" below. Previously, I covered personal finance at other national web publications including Bankrate and The Penny Hoarder. Loan repayment terms vary by applicant, up to a maximum of 30 years. Charlotte, North Carolina bars, food trucks, caterers, restaurants, and music venues can apply for grants of either $10,000 or $25,000, depending on number of employees, until Oct. 19 or until funds are depleted. Under the Florida Small Business Emergency Bridge Loan Program, loans of up to $50,000 — $100,000 in certain special cases — are available to coronavirus-affected small businesses. ; some counties have already closed applications due to overwhelming interest. Applicants must review the information to determine which program to proceed with applying. 3 months of operating expenses, as evidenced by 2019 Federal Tax Returns. Major equipment purchases, purchase of real property, construction activities, business expansion, lobbying. Loans can be up to $100,000. The stimulus package includes several programs aimed at assisting small businesses, such as: The U.S. Small Business Administration (SBA) offers a list of coronavirus relief options with details on each program. Major equipment purchases, purchase of real property, construction activities, business expansion, lobbying. The recently enacted state budget includes $2.6 billion in federal stimulus funds through the Coronavirus Aid, Relief, and Economic Security Act (CARES). Shark Tank star Daymond John is hosting Black Entrepreneurs day which will award seven Black business owners to receive a $25,000 grant, administered by the NAACP and funded by Chase, insurance company The General, Pepsi, Cisco Webex, Quickbooks, investing platform Robinhood, and communication app Yappa. Brianna McGurran is the Loans Analyst for Forbes Advisor. Check your governor’s website for up-to-date information about relief available in your area. For example, this would include non-franchised outlets of major national food and retail chains. Applications are open now through October 12. Fort Bend County, Texas businesses impacted by the coronavirus with between 1 and 50 employees and annual sales of less than $5 million can apply for grants up to $25,000 to cover certain expenses. While portions of the Economic Injury Disaster Loan (EIDL) program and Payroll Protection Program (PPP) loans can be forgiven and converted to grants, there are also plenty of other small-business grants available for entrepreneurs, some of which are provided by state and local governments. If you are a nonprofit organization, we have compiled a guide of resources available nationally and locally. Many forced to shut down temporarily are at serious risk of never reopening. Historically Disadvantaged businesses are at least 51% owned and operated by persons who are Black, Hispanic, Native American, Asian American, or Pacific Islander because they have traditionally been discriminated against and disadvantaged when seeking financial services and financial products. . Who’s eligible: To get a loan, you must meet requirements including having “reasonable and responsible” individual credit history, committing to use the loan for working capital only and ensuring your business is located within the City of Los Angeles. Get the facts at ct.gov/coronavirus. Latinx business owners in California, New York, and Texas that have been operating for at least a year, among other requirements, can apply for coaching and grants of up to $5,000. Businesses can receive up to $75,000 but capped at up to 3 months of operating expenses, as evidenced by 2019 Federal Tax Returns. Pennsylvania is offering loans to small businesses through its COVID-19 Working Capital Access Program. Emergency grant of $10,000 to SBA Economic Injury Disaster Loan applicants: Even if your business is denied a loan, you can still access this grant, which can be used to provide employee sick leave, maintain payroll or meet other needs like paying rent. Preference will also be given to applicants of the greatest need that have not been able to receive aid from other federal programs related to COVID-19. How to apply: Apply online from April 13 to April 16. How to apply: Apply directly with a participating bank. This list will be updated and posted on a weekly basis.). Note: This post was updated at 10:26 a.m. EDT on October 12 and will be continually updated as additional resources become available. EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, several programs aimed at assisting small businesses, list of banks providing Paycheck Protection Program loans, Main Street Launch in partnership with the City of San Francisco, Connecticut’s COVID-19 business resources page, Visit Minnesota’s COVID-19 "Information for Businesses" website, Your Money And Coronavirus: A Financial Protection Guide. Eligible entities: for-profit businesses that use any type of incorporation, as well as 501(c)(3), 501(c)(4), 501(c)(6), 501(c)(7), and 501(c)(19) nonprofit organizations. Loans are interest-free for one year; after that, the interest rate rises to 12%. Businesses must be able to demonstrate a 20% or more loss in revenue year to date as of September 30. Business must have been established by October 1, 2019 and still be active (as verified by DRS). Who’s eligible: Small businesses that have been operating for at least one year and have up to 10 full-time employees. of $5,000 to $20,000. Apply for a Grant to Receive Assistance Across the U.S., small businesses that form the economic backbone of their communities now face immediate – and oftentimes, crushing – financial pressure due to COVID-19. In 10 of the hardest hit cities/regions, LISC and our local partners will provide enhanced technical support and resources to small businesses and nonprofits. Thanks to a $1 million grant from Sam’s Club, LISC will provide the emergency assistance that small businesses desperately need to stay afloat. How to apply: As of March 27, 2020, the initial round of funding for the program has been closed. Many forced to shut down temporarily are at serious risk of never reopening. A copy of completely filed 2019 Federal Personal Tax Returns for each business owner with 20% or greater ownership, including all required schedules. Utah has launched the Utah Leads Together Small Business Bridge Loan program, which offers loans of $5,000 to $20,000 with 0% interest for up to 60 months. Rounds nine and 10 close Oct. 12 and Oct. 26, respectively. Champaign, Illinois businesses with fewer than 50 employees owned by low or moderate income persons or who promise to retain a job for a low or moderate income position can apply for a grant of up to $15,000. Under the schemes, eligible businesses will receive a grant of £10,000. (You can look up your DUNS Number by following the link. For those needing assistance, a schedule of virtual office hours is below.

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