Business Resiliency

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. On this page, we are compiling relevant tips and resources on business resiliency.

Local government loan/grant programs
California

City of Santa Cruz

Grow Santa Cruz Loan Program

The City of Santa Cruz has formed a partnership with the National Development Council (NDC), one of the oldest not-for-profit corporations specializing in community and economic development, to offer the Grow Santa Cruz Loan Program.

Audience: Small Business Owners

Local government loan/grant programs
California

City of San Jose

San Jose Community Development Block Grants (CDBG) Microenterprise Grant Program

The City of San Jose has set aside $2,500,000 of its CARES Act CDBG-CV funding to provide $15,000 grants to microenterprises located in the City of San Jose to cover working capital and business re-startup needs due to the COVID-19 crisis. Opportunity Fund will administer the grant program on behalf of the city.

Audience: Small Business Owners

Local government loan/grant programs
Georgia

Invest Atlanta

Resurgence Grant Fund

Through the Resurgence Grant Fund, eligible businesses may be awarded grants of up to $40,000, plus a credit of up to $10,000 of additional technical assistance, to reimburse costs associated with adapting business operations in a post-COVID environment.

Audience: Small Business Owners

Local government loan/grant programs
California

County Of San Bernardino

COVID-Compliant Business Partnership Program

This program has two components: 1) Funding of $2,500 for eligible Small Businesses with 1-100 employees and 2) Support and partnership for all eligible county businesses that wish to become a COVID Compliant Business Partner. This program will support local small businesses by reimbursing and/or offsetting costs and impacts directly related to complying with COVID-19 related business protocols and providing support to all eligible county businesses who apply for the program.

Audience: Small Business Owners

Low interest loans, Nonprofit loan/grant programs
Colorado

Colorado Lending Source

Small Business Emergency Loans for Rural Colorado

Colorado Lending Source has made loan funds available specifically for businesses impacted by the COVID-19 pandemic and are located in rural Colorado. The intent of this program is to help small businesses survive and retain employees during these challenging times. Financing is available at a fixed interest rate over twenty-four months (two years) with no payments of principal and interest due during the first six months of the loan. Loan Details: $10,000 loans, 3.00% fixed interest rate, Two year terms, Payments deferred for six months.

Audience:

Local government loan/grant programs, Low interest loans
Colorado

Larimer and Weld Counties

Larimer/Weld Revolving Loan Fund

The Larimer/Weld Revolving Loan Fund was established to assist with the financial needs of companies expanding or locating to rural areas of Larimer and Weld counties. The program was originally funded through the state of Colorado Community Development Block Grant allocation from the U.S. Department of Housing and Urban Development. Since the program was started in 1991, the fund has loaned $13.1 million to a total of 77 companies. These loans leveraged more than $103 million in capital investment that enabled those companies to create or retain 1,708 full-time employees.

Audience: Small Business Owners

Nonprofit loan/grant programs
National

Restaurant Workers' Community Foundation Zero Interest Loans for Restaurants

The RWCF is in the process of working with our legal advisors to develop this area of work. In the coming weeks, we will produce a draft set of criteria for small businesses that can be applied fairly, and which align with our mission of supporting hospitality industry leaders committed to creating better working conditions across our four program areas: wage fairness and career ladders, gender equity and sexual violence, racial justice and support for the immigrant community, mental health and substance abuse.

Audience: Small Business Owners, Employees, Self-employed, Non-profits

Low interest loans
Colorado

Neighborworks

Neighborworks Southern Colorado Small Business Emergency Microloan Program

Loan Limits: $1,000 to $20,000. Interest Rate: Option 1: 0% for a term of 6 months, Option 2: 2% term of up to 2 years. Term: 6 months to 2 years. Loan Fee: 3%; 2% origination, 1% loan loss reserve to the CHFA CCR Program. Repayment begins at 60 days.

Audience: Small Business Owners

Local government loan/grant programs, Low interest loans, Nonprofit loan/grant programs
Colorado

City of Boulder, Boulder SBDC, Boulder area financial institutions, and the Colorado Enterprise Fund

Boulder Microloan Program

The Boulder Microloan Program is a partnership between the City of Boulder, Boulder Small Business Development Center, Boulder area financial institutions, and the Colorado Enterprise Fund. The microloan program helps provide general working capital to qualifying small businesses and nonprofit organizations in the Boulder area that have the ability to repay a loan, but may not be able to obtain financing through traditional sources. The fund provides loans up to $50,000 to businesses and nonprofit organizations with annual gross revenues of less than $2 million.

Audience: Small Business Owners

Local government loan/grant programs, Low interest loans
Colorado

Greeley Colorado

Greeley Community Development Fund

The Greeley Community Development Fund assists with the financial needs of companies expanding in or locating to the City of Greeley. The Weld/Larimer Revolving Loan Fund, the City of Greeley, commercial banks in Greeley and the Hispanic Loan Program have joined together to provide the initial funding for this loan program. Short-term financing or loan guarantee for up to 45% of total project costs. Remaining project costs to be funded through banks, private investors or other loan programs. Minimum loan amount - $20,000. Maximum loan amount - $125,000. Maximum loan term - 5 years.

Audience: Small Business Owners

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