Small Business Owner’s Resources during COVID-19 Crisis
First, we hope you, your family and employees are safe and well. We understand this is a difficult and unprescedented time for all of us. We are here to help you navigate through it all.
Second, we’ve put together a list of resources that you should know and take full advantage of to keep your business running after this is over. If you have questions or suggestion, please let us know!
-Team Find Start Grow
Available Programs from the CARES Act
The CARES Act, also known as Coronavirus Aid, Relief, and Economic Security Act was passed as part of the $2 trillion dollar Federal Disaster Relief Program on March 27, 2020. This act is intended to provide assistance to small businesses, certain non-profits and employers. We’ve broken down the components of the CARES Act to help you assess which assistance you may need.
Paycheck Protection Program
Provides cash-flow assistance through 100% federally guaranteed loans to employers who maintain their payroll during this emergency period. IF employers maintain their payroll, the loans will be forgiven.
Small Business Debt Relief Program
Provides immediate relief to small businesses with non-disaster SBA loans. These loans include 7(a), 504, and micro-loans including principle, interest, and fees for 6 months.
Economic Injury Disaster Loan & Emergency Grants
Provides low interest loans of up to $2 million and emergency advance of up to $10,000 to small businesses and private non-profits affected by COVID-19 within 3 days of applying for SBA Economic Injury Disaster Loan.
State and Local Government Assistance for Small Businesses
In addition to federal government’s effort to assist small businesses during this difficult time, state and local governments are also providing assistance. In addition, there are private organizations that are also providing assistance to help small businesses within their local area.
We are actively monitoring and updating available resources as they are announced. To be notified of any updates, please sign up below.
Support from Companies and Private Organizations
Companies and private organizations are also providing assistance to help small businesses within their local area.
Thryv Small Business COVID-19 Grant Program
Thryv created a grant program that offers small- to medium-sized businesses grants of at least $2,500. The grant period began on March 30, 2020 and will run until April 30, 2020
Amazon launched a $5 million grant program to help small businesses near its Seattle and Bellevue campuses cope with the loss of business
Verizon Small Business Recovery Fund
Verizon has made a $2.5 million investment to Local Initiatives Support Corporation (LISC) to help small businesses remain open during the COVID-19 crisis
US Small Business Resource Center
Goldman Sachs has committed to delivering $550 million across two separate initiatives to help small businesses and communities around the world
Small Business Grants Program
Facebook is proving grants of up to 30,000 eligible small businesses in more than 30 countries where they operate
Ad credits for Google Ads
Google is providing ad credits for Google Ads for small and medium-sized Businesses
THE FOOD AND BEVERAGE INDUSTRY RELIEF FUND
Foundation created by James Beard to help provide micro-grants to independent small businesses in the food and beverage industry
Yelp Support for Small Businesses
Yelp is providing $25 million in waived advertising fees, free advertising, products, and services to small businesses that have been impacted by coronavirus
Intuit QuickBooks’s Small Business Relief Initiative
Intuit QuickBooks announced an initiative with up to $1 million through a fund and employee-directed contributions to support small businesses across the country
To stay up to date on latest resources for small businesses