The COVID-19 pandemic has rapidly evolved and expanded across the United States significantly affecting the economy as well as small business owners leaving them struggling with cash flow. Fortunately, apart from the federal government, many private and nonprofit companies areRead more https://www.onlinecheck.com/blog/small-business-resources/grants-and-relief-funds-for-covid-19/
2. The COVID-19 pandemic has rapidly evolved and expanded across the United States
significantly affecting the economy as well as small business owners leaving them
struggling with cash flow. Fortunately, apart from the federal government, many private
and nonprofit companies are offering extended support in the form of resources and
financial assistance to help small business owners stay operational and cope with their
cash flow difficulties.
To help support small business owners find financial relief, here is a list of private and
nonprofit organizations grants and relief funds for small businesses amid the COVID-19
crisis.
COVID-19
3. Amazon has announced a Neighborhood
Small Business Relief Fund for Seattle
businesses that will provide $5 million of
cash grants to businesses with less than 50
employees or $7 million in annual revenue,
and physically present within a few blocks of
Amazon’s Regrade and South Lake Union
office buildings. The Amazon lending is also
delaying repayments from the sellers that
have outstanding loans, and the loan
interest will not accrue during this period.
Amazon
4. Community Foundation
California
A COVID-19 LA County Response
Fund will provide support for the
immediate and emergency needs of
residents —from hardship relief to
long-term recovery. The aid to
impacted individuals will be provided
through their Pass it Along
Fund and their partners in health,
housing, education, and immigration
needs will identify the community
needs.
5. A $15 million fund is created for the COVID-19 Related Relief Efforts
Globally.
Facebook: Facebook has started a Small Business Grant Program that
will provide $100M in cash grants and ad credits to 30,000 eligible small
businesses in over 30 countries where they operate. If your business has 2-
50 employees, time on business is over a year and has experienced
challenges from the COVID-19, you are eligible to apply for the Facebook
grants. They also launched a Business Resources Hub that provides
guidance and resources to businesses affected by the coronavirus (COVID-
19) outbreak.
Citi Foundation
6. Faire: An online marketplace for retailers has launched a financial
calculator tool for businesses to understand the before and after the
potential impact of COVID-19 on their finances.
Freelancers Union: Freelance Union has launched
the Freelancers Relief Fund to provide financial assistance of up to
$1,000 per freelance household to freelancers experiencing economic
hardship. These funds will help cover lost income and necessary
expenses such as food supplies, utility bills, and cash assistance to
cover income loss.
7. GoFundMe: A crowdfunding platform in partnership with Intuit QuickBooks and Yelp,
is providing micro-grants to eligible small businesses and donated $1 million as part of
the Small Business Relief Fund.
Goldman Sachs: The Goldman Sachs Group has announced a $300 million
support package including a Stimulus Package of $250 Million in emergency loans,
$25 Million in grants and $25 million to support hardest hit communities by the COVID-
19.
Google: Google has committed $800+ million to support small and medium-sized
businesses (SMBs), health organizations and governments, and health workers on the
frontline of this global pandemic.
Hello Alice: A community of role breakers has announced $10,000 in grants to help
provide emergency grants to small businesses impacted by the coronavirus. They are
also offering ongoing support to grant recipients via their Hello Alice community.
8. James Beard Foundation: Another nonprofit has announced micro-grants
as Food and Beverage Industry Relief Fund for independent small businesses in the food
and beverage industry.
JPMorgan: JPMorgan Chase has committed a $50 million relief fund to help
struggling communities and people, with an additional $8 million in aid to small businesses,
specifically.
Kabbage: An online lender has launched a Gift certificates program to support small
businesses impacted by COVID-19.
Kangaroo: A private security startup supporting small business owners through
their security camera and monitoring kits free for the first three months.
Kiva: A nonprofit organization has taken an initiative and offering zero-
interest loans for up to $15,000 with a longer grace period (up to six months) to
businesses looking for financial relief. In these challenging times.
Lurn: The Company is providing an Emergency Relief Fund as emergency grants from
$50 to $500 to help anyone in the entrepreneurship community with the necessities.
Currently, it raised over $50,000 funds from the community and dispersed approximately
$32,000 in relief grants to individuals.
9. Mailchimp: A marketing platform for small
businesses has announced a $10M Price Relief
Fund to support its existing small business
customers. As an additional response to the COVID-
19 crisis, they’re also investing $100M to help fuel
small business growth.
10. Mercatus: The Mercatus Center at George Mason University has announced
prizes through an Emergent Ventures program to help innovators working to
combat COVID-19.
Miller Lite: Another private company is donating $1 million to laid-off
bartenders after bars and restaurants were forced to shut down due to the
coronavirus outbreak.
MainVest: A crowdfunding platform has announced its new Main Street
Initiative where they’re encouraging affected brick & mortar businesses to launch
a capital raise on Mainvest and get zero-interest loans of $2,000, in addition to its
normal fundraising offerings.
Morgan Stanley: A multinational investment bank has committed $10
million to support critical frontline medical responders globally as well as
community providers serving those economically impacted by the crisis.
Nav: The Company has launched a CARES Act SBA Loan Calculator for
small businesses to see how much they can qualify for the Paycheck Protection
Program and help navigate the new legislation.
11. MerchantAdvisors
Otto Bremer Trust: A $50 million emergency fund is created to provide financial support to
Minnesota, Wisconsin, North Dakota, and Montana nonprofits and other community
organizations. The emergency fund will provide grants, short-term loans, lines of credit, and other
resources as well.
Opportunity Fund: A nonprofit organization has created a coronavirus relief fund to
provide grants and low-interest loans to business owners along with the COVID Response
Webinar Series to keep business owners informed of their options, helpful resources, and best
practices during this crisis.
PEN Writer’s Emergency Fund: Another nonprofit organization has created PEN America
Writers’ Emergency Fund as an emergency fund for professional writers in current emergency
crises. They will allocate grants of $500 $1,000 to those who unable to meet their acute financial
needs, especially one resulting from the coronavirus outbreak.
12. Restaurant Employee Relief Fund: This fund will provide one-time grants of
$500 to eligible restaurant owners and employees. The grant will be limited to one
grant per person only. The RWCF COVID-19 Emergency Relief Fund had started
raising funding for restaurant businesses and their workers. To get more information
and resources to effectively deal with the COVID-19 emergency, visit the Restaurant
Workers Community Foundation.
Revel Systems: A private company has created a $1 million Revel Relief
Program for its existing customers experiencing excessive hardship because of
coronavirus pandemic.
Salesforce: Another private company has committed a $1.5 million coronavirus aid
fund to the efforts of San Francisco, called the Give2SF Fund. They are also
offering Salesforce Care Small Business Grants of $10,000 as working capital to
help keep businesses afloat in these challenging times.
Seated: A hotline is launched where restaurant businesses can get one hour of
complimentary phone consultation with an expert in the hospitality industry.
SheaMoisture: A personal care company has created a $1 million SheaMoisture
Minority Business Fund to help minority-owned businesses impacted by the
coronavirus pandemic.
Chronicle Season of Sharing Fund: The fund has raised $2 million in
emergency funding to help Bay Area counties as a rapid response to the COVID-19.
Building
Portfolio
13. US Bank: The U.S. Bank has announced a 20% Premium Pay Program for
employees and $30M commitment to support COVID-19 relief efforts for individual
and small businesses around the country.
USBG National Charity Foundation: A charity foundation has announced
grants via their bartender emergency assistance program to help service industry
personnel experiencing financial hardship during the COVID-19 crisis.
Wefunder: A crowdfunding service has started the Coronavirus Crisis Loans
program allowing businesses to crowdfund loans of $20,000 to $1 million from
supporters.
Wefunder, an investment crowdfunding platform, launched a Coronavirus Crisis
Loans program enabling small businesses to crowdfund loans of $20,000 to $1 million
from supporters with rewards for investors when business is back.
14. Zapier: The Company is creating a $1
million assistance program for their
impacted small-business customers with
free upgrades to their Starter plans.
Yelp Support: Yelp has announced
coronavirus relief of $25 million for
independent local restaurant and nightlife
businesses in form of waived advertising
fees, free advertising, products, and
services to small businesses impacted by
the coronavirus outbreak.