Information related to corporate sponsored loans, and other funding opportunities specially for SMBs.
Where Can I Get Financial Support?
Loans and Grants
Amount: dependent on grant
$100M in cash grants and ad credits to help during this challenging time.
Grants can be spent on salaries, rent, advertising and other operational costs.
Amount: dependent on grant
Funding for small businesses through CDFIs (find one near you here) to help SMBs survive this unprecedented crisis.
The Fund will allow community development financial institutions (CDFIs) to support both the short-term recovery and long-term financing needs of America’s small businesses.
Amount: savings on interest
Case by case account evaluation for card holders to determine eligibility for lowered interest rates (see AMEX Financial Hardship Relief Program).
AMEX is also offering business card holders access to ongoing access to funds used for vendor payments between $500 and $150,000 (see AMEX Working Capital).
Amount: dependent on grant
$25 million to support small businesses on its platform through a variety COVID-19 relief grants and programs.
Amount: $10,000
$1M fund for minority entrepreneurs hurt by COVID-19.
Initial phase will provide $10,000 for 10 individual businesses who have established how the award will be used to cover their costs and assist others.
Amount: $5000
GlobalGiving will be overseeing the fund, making at least 1,000 grants of $5,000 each to female entrepreneurs in the U.S. to help alleviate the immediate needs and support the long-term recovery of those impacted by this crisis. In addition to the financial gift, each woman will also receive a “lucky” red backpack.
Thanks to MasterClass’s generous donation, all 1,000 women will also receive a free annual All-Access Pass to all 80+ MasterClass instructors, including Sara Blakely’s class on entrepreneurship, to provide mentorship to recipients during this time.
Amount: 0% interest loans up to $15,000
0% interest loans (max of $10,000-$15,000) with no payments for for six months for U.S. applicants.
Crowdfunding and Donations
Amount: $500 match
Small businesses can take donations directly on their business’s Yelp page and will match the first $500 donated to the first 2000 businesses to receive $500 in donations.
Amount: up to $2.5 million
Supporters of small businesses can tune into live performances twice a week and tweet/post to support small businesses.
Supporters can tune in via Verizon's Twitter, Yahoo or Twitch pages to view that night’s performance (use the hashtag #PayitForwardLIVE) - and for each mention, Verizon will donate additional money to LISC.org to support small businesses, up to $2.5 million.
Amount: up to $10,000
Grants of up to $10,000 to businesses facing immediate financial pressure because of COVID-19—especially entrepreneurs of color, women-owned businesses and other enterprises in historically underserved communities who don’t have access to flexible, affordable capital.
The next round of grant applications opens mid-April.
Amount: savings on interest
0% interest loans ($2,000) for brick & mortar business that launch a raise on their platform.
Additional Information
Amount: N/A
Tips on how small businesses can use its products to transition online and better cope during this challenging time.
Amount: dependent on grant
List of resources that have been made available by advocacy groups, technology companies, and federal, state, and local government agencies to help businesses and their workers maintain their physical and economic health during the COVID-19 outbreak.
Amount: dependent on grant
List of funding, grants and resources (federal, state-specific and commercial) for business owners grappling with coronavirus.
Amount: dependent on grant
Real-world funding, resources, and support for small business owners adapting to the impacts of coronavirus (updated daily).