- 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%.
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.
California’s Infrastructure and Economic Development Bank (IBank)
California Rebuilding Fund
Area served: California Audience: Small Business Owners
California Office of the Small Business Advocate
California Microbusiness COVID-19 Relief Grant Program
The California Microbusiness COVID-19 Relief Grant Program is funded by the State of California and administered by the Office of the Small Business Advocate (CalOSBA). The program provides competitive micro grants of $2,500 to eligible microbusinesses impacted by COVID-19 and the related health and safety restrictions. This program will be implemented by County organizations or nonprofits working on their behalf.
For application details and updates specific to the program available in your county, please contact the organizations listed. Applications start February 14.
Area served: California Audience: Small Business Owners, Self-employed
BGE
BGE Energizing Small Business Grant
Applicants must be an existing BGE electric and/or gas customer with positive BGE credit history. Other eligibility criteria include:
- For-profit business founded in 2020 or prior
- In good standing (or on the way to) with the State of Maryland
- A maximum of twenty-five (25) employees
- Annual gross revenues in 2021 of less than $7 million USD
- Demonstrated need for funding to support business and serve customers
Area served: Maryland Audience: Small Business Owners
Sacramento County
Small Business & Nonprofit Grant
The Program will provide $7.5 million in grants to eligible small business and nonprofit organizations. Eligible applicants may qualify for grants of $10,000 each in one-time direct financial assistance. This is a grant program, not a loan, so funds will not need to be paid back.
Area served: California Audience: Small Business Owners
SIA Scotch, Hello Alice
Entrepreneurial Spirit Fund
Eleven 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 who overcame a myriad of challenges during her entrepreneurship journey. Apply and share how a grant would grow your business and help you achieve the unexpected.
Area served: California, Colorado, Connecticut, Florida, Georgia, Illinois, Massachusetts, Minnesota, Nevada, New Jersey, New York, Rhode Island, Texas Audience: Small Business Owners
National LBWA Inland Empire
California Dream Fund
El programa Emerging Latina brinda capacitación empresarial para dueños de negocios que buscan aprender cómo iniciar un nuevo negocio o hacer crecer uno existente. Este es un programa interactivo con discusión grupal, oradores expertos y resolución de problemas. Los empresarios que cumplan con todos los criterios de elegibilidad y completen un programa de capacitación para el desarrollo de pequeñas empresas proporcionado por la red OCIE SBDC podrán calificar para tener la oportunidad de solicitar un subsidio único de hasta $10,000.
Area served: California Audience: Small Business Owners
Growing Forward
New Provider Success Grant
Child care providers who became licensed or CCCAP qualified exempt after March 11, 2021 are eligible to apply for the New Provider Success Grant.
Area served: Colorado Audience: Small Business Owners, Self-employed
Growing Forward
Child Care Stabilization and Workforce Sustainability Grants
The Child Care Stabilization and Workforce Sustainability grants can be used for operational expenses and to help programs to pass along financial relief to families. Grant funds can also be used to support the recruitment of new qualified staff and retention of current staff.
Area served: Colorado Audience: Small Business Owners, Self-employed
Fiserv
Fiserv Back2Business Grant
Fiserv + Clover in partnership with AEO have opened the Nebraska and Iowa grant cycle in Fiserv's Back2Business grant program. Fiserv will award grants in the amount of $10,000 to Black- or minority-owned businesses.
Area served: Iowa, Nebraska Audience: Small Business Owners
Morgan County EDC
Reopen Safe, Reopen Strong grant program
The Reopen Safe, Reopen Strong grant program is intended to assist businesses that have been negatively impacted by COVID19. Funds for the grant program were provided by the Coronavirus Relief Fund as part of the CARES Act.
Area served: Colorado Audience: Small Business Owners