- 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%.
Guide to understanding what’s in the new federal relief package 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
Found/LA
FOUND/LA Small Business Recovery Fund
Update: Round 2 opens on January 11.
The FOUND/LA Small Business Recovery Fund is a partnership with Pacific Community Ventures and TMC Community Capital and a grant program to help protect small businesses across Los Angeles County. They aim to support local entrepreneurs like you that create the spaces that make our neighborhoods feel like home.
Area served: California Audience: Small Business Owners
Association for Enterprise Opportunity
Fiserv Back2Business Grant
Fiserv is giving back to help small businesses get Back2Business with a program focused on helping to jump-start Black- and minority-owned small businesses in hard-hit communities. Back2Business is designed to help stabilize and grow small businesses, with business consulting services, leading Clover payments technology solutions from Fiserv and financial support for employee payroll, rent or lease payments, operations equipment and resources.
Area served: Florida, Georgia, Illinois, New York, Wisconsin Audience: Small Business Owners
State of California
California Small Business Covid-19 Relief Grant Program
- Grants between $5,000 and $25,000 for California small businesses
- First round application open December 30, 2020 through January 13, 2021
- Visit website for more information and eligibility requirements
Area served: California Audience: Small Business Owners
Adams County
Adams County Small Business Stabilization Program
The Adams County Community & Economic Development Department has established the Small Business Stabilization Program (SBSP) to provide local businesses with grants to retain jobs during the COVID-19 pandemic. The grants for the SBSP are paid for by the Community Development Block Grant (CDBG) program, which is funded by the U.S.
Area served: Colorado Audience: Small Business Owners
iBank
California IBANK
iBank has Financial Development Corporation (FDC) partners throughout the state that assists businesses in securing a 95% guarantee on a bank loan for disaster relief.
Area served: Statewide, California 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
State of New Jersey
New Jersey state financial assistance programs
The NJEDA wants to make it easy for organizations to understand what support programs are available to companies to help stabilize operations and get back on a pathway to growth. This is a beta version of the Eligibility Wizard that focuses on newly announced State Emergency Assistance programs and the SBA disaster loan program. NJEDA will be updating it regularly as new federal, state, local, and philanthropic programs become available.
Area served: New Jersey Audience: Small Business Owners, Self-employed
Northwest Colorado Council of Governments
Northwest Loan Fund
The Northwest Loan Fund (NLF) offers business loans that will bring value to the local economy in the 9 Northwest counties we serve: Eagle, Garfield, Grand, Jackson, Moffat, Pitkin, Rio Blanco, Routt, and Summit. We are particularly interested new or growing businesses. We look for a mix of collateral, investment percentage, what the loan will be used for along with overall business sustainability. We can take a collateral position behind other lenders to encourage other lender involvement.
Area served: Colorado Audience: Small Business Owners
Neighborworks
Neighborworks Southern Colorado Emergency Small Business Loan Fund COVID-19
In light of the sweeping impact the COVID-19 pandemic is having on our small business community, Southern Colorado Community Lending (a subsidiary organization of NeighborWorks Southern Colorado) is responding swiftly to support our local, community businesses. The newly established Small Business Emergency Microloan Program now provides financing needed to strengthen small business enterprises in this time of acute need that have been affected by the COVID-19 outbreak.
Area served: Southern Colorado, Colorado Audience: Small Business Owners