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.
Amazon: 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.
California Community Foundation: 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.
Citi Foundation: 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.
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.
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.
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.
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.
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.
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.
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.
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.
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.