Your Complete Guide to Emergency Funding that You Need to Know About
The COVID 19 crisis has severely impacted almost every small businesses nationwide. Forced to close doors and unable to work, their livelihood is being threatened and bills are pilling up. They are left running around worrying about their ability to pay rent and seeing the entrepreneurial dreams crumbling under the feet. We want to help and we have compile a list of resources available so you don't have to feel overwhelmed navigating the loans, grants, and aid out there. This guide is frequently updated list of everything businesses will need to weather the impacts of Coronavirus.
- Through IFundWomen’s ongoing relief efforts, GingerBread Capital is giving 25 companies, that are operating in the hardest-hit states, $10,000 grants to help fuel their businesses. Learn more here.
- LISC has partnered with Verizon to create the Small Business Recovery Fund which will provide grants of up to $10,000 to businesses facing immediate financial pressure because of COVID-19. Entrepreneurs of color, women-owned businesses, and other enterprises in historically underserved communities who don’t have access to flexible, affordable capital will be prioritized. Applications are due April 28th. Learn more here.
- Differential Ventures is offering grants in the amount of $10,000-$25,000 to early-stage start-ups in the fields of data science, artificial intelligence, and machine learning who are able to use their technology to aid in the global search for a resolution to COVID-19. Submissions are due April 30th, and grants will be awarded on a rolling basis. Learn more here.
- Save Small Business Fund is an initiative by the U.S. Chamber of Commerce Foundation offering short-term relief for small employers. Starting April 20th, businesses in economically vulnerable communities with between 3 and 20 employees can apply for $5,000 grants. Learn more here.
- Ava DuVernay and her foundation Array Alliance have launched a $250,000 fund to support organizations and individuals dedicated to narrative change of women and people of color. Learn more here.
- Digital Undivided has launched the Doonie Fund, which provides an immediate economic investment of $100 for black women who own businesses. Learn more here.
- SheaMoisture has announced a $1 million fund for women of color entrepreneurs and small business owners. From now throughout the end of April, 10 business owners will be selected and awarded $10,000 each. Learn more here.
- Sara Blakely is committing $5 million to support female-founded businesses. The fund will gift 1,000 female business owners with $5,000 grants along with a free annual All-Access Pass to the online education platform Masterclass. Applications open April 6th. Learn more here.
- Anonymous Was A Woman and the New York Foundation for the Arts are together launching an emergency relief program to support artists with grants up to $2,500. The program is open to women-identifying visual artists over the age of 40 in the U.S, and applications open April 6th. Read more here.
- Vogue and CFDA are repurposing the Vogue/CFDA Fashion Fund to create A Common Thread—a fundraising initiative supporting those in the American fashion community who have been impacted by the COVID-19 pandemic. Applications open April 8th. In the meantime, read here for more information.
- Facebook has announced a small business grant that is offering $100 million in cash grants and ad credits. More information about eligibility is to be announced, but it will be available to 30,000 businesses in over 30 countries where Facebook currently operates. Read more here.
- Opportunity Fund, which specializes in money lending to small businesses owned by women, immigrants, and people of color, is soon launching a coronavirus relief fund. It will provide grants and low-interest rate loans to business owners. Read about it here and stay tuned for more information.
- James Beard Foundation is providing micro-grants to independent food and beverage small businesses in need through their Food and Beverage Industry Relief Fund. Read more here.
- Yelp has announced a $25 million relief fund primarily focused on supporting independent local restaurants and nightlife businesses in the form of waived advertising fees, and free advertising, products, and services. Read more here.
- Hello Alice‘s Business for All offers up to $200,000 business grants and mentorships from influential leaders like Gwyneth Paltrow and Rebecca Minkoff. Read more here.
- JPMorgan Chase is committing $8 million to assist small businesses in U.S., China, and Europe. Read more here.
- The Soze Agency, Taskforce, and Invisible Hand have created a fund in support of artists & activists who are impacted by COVID-19. They will provide $250 to selected applicants on an on-going basis and, at the moment, they have $30,500 for the first round of grants. Apply here.
- Bumble is offering up to $5,000 in monetary support for small businesses affected by COVID-19. Download the @bumble app and use any mode to match with their Bumble Community Grants profile to learn more and apply.
- Lowe’s is committing $3 million to supporting local small businesses, particularly skilled trade professionals, to continue to operate through the current conditions. Read more here.
- IFundWomen and Visa are granting 3 early stage female founders a $10,000 cash prize for their small businesses. Although not specifically created as a response to COVID-19, they are accepting applications now through April 7, 2020. Read more here.
- Designer of Pyer Moss, Kerby Jean-Reymond, has set aside $50,000 for “minority and women-owned small creative businesses who are currently in distress.” More information here.
- Beyond its normal fundraising offerings, crowdfunding platform MainVest has launched a $2,000, zero-interest, 120-day loan for restaurants or other brick and mortars affected by COVID-19. Read more here.
- Register your business to Kabbage (here) and Help Main Street! (here) to enable customers to easily buy gift cards that provide critical cash support during the COVID-19 crisis.
- Jewish Free Loan Society are granting no-fee and interest-free loans for businesses in the LA area that have been impacted by the coronavirus outbreak. Read more here.
MORE RELATED RESOURCES
For Federal Government Resources. Read more here.
For Banks and Credit Cards Resources. Read more here
For General Funds Resources. Read more here
For State and Local Resources. Read more here
Compiled by Niurka Castaneda
|If you know of any other services or funds that could help families affected by COVID 19 please Contact Us so we may add your information to the list.|