In partnership with AEO, the Fiserv + Clover Back2Business Grant Program will award grants of $10,000 to eligible Black- and minority-owned small businesses that have been impacted by COVID-19 and the resulting recession.
The latest on federal relief for small businesses
COVID-19 Loans & Grants
As developments continue to unfold in response to the spread of COVID-19, we know many small businesses have questions about implications in the workplace and funding options to help bolster their businesses during this difficult time. We are compiling relevant tips and resources and information on new funding opportunities and policy developments that we are sharing on our website and through online presentations. We will be posting daily updates to this page with useful information about the ways small businesses can prepare for the impact of COVID-19 on their business and community.
Association for Enterprise Opportunity
Fiserv US 2021 - Back2Business Grant
Area served: Oklahoma, Texas Audience: Small Business Owners
California’s Infrastructure and Economic Development Bank (IBank)
California Rebuilding Fund
- Loan program to support California’s small businesses
- Businesses eligible if they employed 50 or fewer employees (FTEs) and had gross revenues of less than $2.5 million or below in 2019
- Loans will need to be paid back over a 3- or 5-year term with a fixed annual interest rate that is currently 4.25%.
Area served: California Audience: Small Business Owners
SF New Deal
Small Business Debt Relief Grant Program
SF New Deal is excited to launch a micro grant program to give $1,000,000 to small businesses in San Francisco. This grant is open to all small businesses, including newly opened businesses.
Area served: California Audience: Small Business Owners
SIA Scotch, Hello Alice
The Entrepreneurial Spirit Fund by SIA Scotch
Starting July 13, 2021, eligible small business owners can apply to The Entrepreneurial Spirit Fund by SIA Scotch. Twenty-five recipients will each receive a $10,000 grant, plus mentorship with Carin Luna-Ostaseski, the founder of SIA Scotch Whisky and a first-generation Cuban American entrepreneur who overcame a myriad of challenges during her entrepreneurship journey.
Area served: California, Florida, Illinois, Nevada, New York, Texas Audience: Small Business Owners
Sistahbiz Loan Fund
Application Process: Applications and loans are processed and serviced by Community Enterprise Development Services (CEDS). Loan Amounts: Financing ranges from $500 to $50,000. Flexible loan terms (time period to repay the debt) up to 5 years. Credit and Rates: 7% to 11% interest rates, pledged collateral and character-based lending model. Eligibility/Access: Participation in Sistahbiz coaching and training programs required in order to be considered for funds.
Area served: Colorado Audience: Small Business Owners, Self-employed
San Luis Valley Development Resources Group
San Luis Valley Micro Enterprise Loan Fund
The San Luis Valley Micro Enterprise Loan Fund (MEP) was created to assist eligible low and moderate-income business owners with financing for business start-ups and expansions. Proceeds can be used for land, buildings, equipment, working capital, inventory, and limited leasehold improvements; refinancing is limited to 30 percent of existing debt. Minimum loan of $2,500 and a maximum of $100,000. Interest rate is determined during the approval process, but is very competitive. Loan term varies – maximum five years. Two percent origination fee which includes all filing and closing costs.
Area served: Colorado Audience: Small Business Owners
Jewish Free Loan Association
Coronavirus Small Business Loans
**Update** Interest-free loans can help residents of LA and Ventura get through the financial part of the Covid-19 crisis by offering loans without collateral, any interest, or fees. Interest free loans up to $18,000 are available for small businesses. No-fee, zero interest loans for business owners in Los Angeles and Ventura counties.
Area served: Los Angeles, Ventura counties, California Audience: Small Business Owners
Northeastern Colorado Revolving Loan Fund
Northeast Colorado Revolving Loan Fund - COVID Funding
Northeast Colorado Revolving Loan Fund is allocating $150,000 into a low interest program for those impacted by this disaster. NCRLF will offer loans at 4% for 36 months or less, with a maximum of $20,000 per business.
Area served: ogan, Morgan, Phillips, Sedgwick, Washington, and Yuma counties, Colorado Audience: Small Business Owners
Durango Creative District and 1st SouthWest Community Fund
Durango Creative District Covid-19 Emergency Relief
The Durango Creative District has partnered with 1st SouthWest Community Fund in implementing the first revolving Creative Loan Fund for Durango, CO. This loan is intended to help small businesses, nonprofits and individuals with working capital and business continuity. This loan fund is supported by the United States Department of Agriculture Rural Business Development Grant Program and by the Office of Economic Development and International Trade.
Area served: Colorado Audience: Small Business Owners, Self-employed, Non-profits
City of New York
New York Forward Loan Fund (NYFLF)
New York Forward Loan Fund (NYFLF) is a new economic recovery loan program aimed at supporting New York State small businesses, nonprofits and small landlords as they reopen after the COVID-19 outbreak and NYS on PAUSE. NYFLF targets the state’s small businesses with 20 or fewer full-time equivalent (FTE) employees (90% of all businesses), nonprofits and small landlords that have seen a loss of rental income. NYFLF is providing working capital loans so that small businesses, nonprofits and small landlords have access to credit as they reopen.
Area served: New York Audience: Small Business Owners, Non-profits