7 Coronavirus Relief Grants for Small Business
April 17th 2020
The impact of the coronavirus pandemic is being felt far and wide, in homes and businesses small and large. With organizations from corporations to nonprofits to mom-and-pop shops now shut down temporarily, entrepreneurs and foundations are stepping up to offer support and some financial relief to small businesses.
Although new grant and loan programs are cropping up almost daily, we’ve pulled together a list of 7 that we believe are currently accepting applications, or will be soon. Many programs have been overwhelmed with applications and have already stopped accepting new entries.
Amazon has established a grant fund of $5 million for Seattle-area small businesses with fewer than 50 employees or less than $7 million in revenue, with a physical presence within a few blocks of Amazon’s Regrade, South Lake Union, and Bellevue office buildings, that are open to the general public, and that are reliant on foot traffic for customers.
The Denver Small Business Emergency Relief program consists of $4 million, to provide cash grants of up to $7,500 to businesses in industries particularly hard-hit by the coronavirus. If you run a Denver, Colorado-based small business that has lost the ability to operate during the pandemic, apply to be considered for financial support.
Facebook has created a grant fund of $100 million in grants and Facebook ad credits for up to 30,000 small businesses in more than 30 countries where Facebook operates. To be eligible, you must run a for-profit business with between 2 and 50 employees. You must have been in operation at least one year and been negatively impacted by the coronavirus. You also need to be in or near a location where Facebook operates.
Google is offering $340 million in Google ad credits to small and medium-sized businesses with active ad accounts that have been affected by the COVID-19 pandemic. “The ad grants can be used until the end of the year across the company’s advertising platforms.” Credit notifications will appear in the Google user’s account.
Grants of $10,000 to small businesses impacted by COVID-19 are being awarded on a rolling basis through Alice. The official deadline to apply is September 25, 2020.
The US Chamber of Commerce Foundation created the Save Small Business Fund to help small companies impacted by the coronavirus outbreak.
To qualify you must: 1) Employ between 3 and 20 people 2) Be located in an economically vulnerable community and 3) Have been harmed financially by the COVID-19 pandemic.
Grants of up to $5,000 will be made to “as many small employers as we can.”
Applications will open April 20, 2020 at 3:00 EDT.
Small businesses in Topeka and Shawnee County, Kansas can apply for grants of up to $5,000. “Priority will be given, but not limited, to those businesses affected most by COVID-19 such as the food, restaurant, personal services, mall retail, small manufacturing, small distributors, and other unique types of businesses.”
Applications will be accepted until June 1, 2020, or until funds have been disseminated.
Apply quickly for any program for which you believe you are eligible, because many stop accepting applications when they get close to running out of funds.