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Free Grants for Small Businesses Impacted by Covid-19

For small businesses impacted by Covid-19:

1) Verizon and LISC are going to open up $10,000 grants to small business owners affected by COVID-19. Click here for their website with info. Since these grants are not available yet, you need to sign up to be kept up-to-date. Fill out their contact form here.

2) Facebook is also opening up small business grants. https://www.facebook.com/business/boost/grants

3) SBA Programs. Small businesses face an unprecedented economic disruption due to the Coronavirus (COVID-19) outbreak. On Friday, March 27, 2020, the President signed into law the CARES Act, which contains emergency relief resources for American workers and small businesses.

Paycheck Protection Program. This loan program provides loan forgiveness for retaining employees by temporarily expanding the traditional SBA 7(a) loan program.

EIDL. This loan will provide economic relief to small businesses and non-profit organizations that are currently experiencing a temporary loss of revenue.

SBA Express Bridge Loans. Enables small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly.

SBA Debt Relief. The SBA is providing a financial reprieve to small businesses during the COVID-19 pandemic.

For more details, see: https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources

4) Opportunity Fund stands with everyone calling for an end to racism and injustice and to affirm: Black Lives Matter. Opportunity Fund is committed to supporting small businesses who are financially struggling amidst the COVID-19 outbreak. If you are a small business owner whose business has been impacted, please contact https://www.opportunityfund.org/assistance-for-small-business-owners-affected-by-covid-19/ Their ability to provide financial assistance is based on eligibility guidelines and funding availability. Day by day, they work with partners, investors, and the government to secure additional funds to support more business owners during this time.

5) FedEx Small Business Grant Contest: FedEx has offers $25,000 grants to small businesses to help them grow and scale their business. See: https://www.fedex.com/en-us/small-business/grant-contest.html

For more small business grants, see the list at: https://www.nav.com/resource/small-business-grants/


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