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.

Exit strategies
National

Forbes

Bankruptcy May Not Be Answer For Struggling Small Businesses

It’s an understatement to say that the pandemic has not been kind to small businesses. In fact, nearly 79% of small businesses have felt a moderate-to-large negative effect from the pandemic, according to an August 2020 U.S. Census Bureau Small Business Pulse Survey.


When a business has already exhausted its PPP loan but sales haven’t rebounded, what’s the next move?

Audience: Small Business Owners

Local government loan/grant programs
California

Southeast Los Angeles County Workforce Development Board

SELACO COVID-19 Small Business Revitalization Fund

The Southeast Los Angeles County Workforce Development Board (SELACO WDB) is pleased to announce the release of the SELACO COVID-19 Small Business Revitalization Fund (SBRF) grant process. The SBRF grants are designed to serve Small For-Profits Businesses located in the Cities of Artesia, Bellflower, Cerritos, Downey, Hawaiian Gardens, Lakewood, Norwalk, and Paramount. The SBRF is specially designed to support employers experiencing economic stresses and in need of assistance to prevent employee layoffs or facility closures during the COVID-19 pandemic. 

Audience: Small Business Owners

Local government loan/grant programs
California

The City of Santa Ana

COVID-19 Small Business Incentive Program

In response to the Coronavirus Pandemic (COVID-19), the U.S. Department of Housing and Urban Development Community Development Block Grant program has notified the City of Santa Ana that they will receive a formula allocation from the first round of CDBG-CV funding to be used specifically for the prevention of, preparation for, and response to the Coronavirus. This allocation was authorized by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), Public Law 116-136, which was signed on March 27, 2020.


Audience: Small Business Owners

Local government loan/grant programs
California

The City of Santa Ana

Santa Ana CARES Small Business Grant Program (for Businesses and Non-Profits with Up to 25 Employees)

The Santa Ana CARES Small Business Grant is aimed at assisting businesses and non-profits within the City of Santa Ana that have been affected by COVID-19. The funding, which is part of the CARES Act Coronavirus Relief Funds bill, will aid those businesses and non-profits that need assistance in surviving and recovering through this pandemic. Funding will be allocated in the form of grants, on a first come first served basis. 

Audience: Small Business Owners, Non-profits

Nonprofit loan/grant programs
California

Inclusive Action for the City

SD 1 COVID-19 Business Relief Grant - Second Round

The SD 1 COVID-19 Business Relief Grant program will award small businesses and micro entrepreneurs in the low to moderate income unincorporated areas of SD 1 up to $5,000.00 in working capital. While we have received hundreds of applications, most of the applicants are ineligible because they are outside of unincorporated SD 1. Some other grant requirements are that:

Audience: Small Business Owners, Self-employed

Local government loan/grant programs
California

The City of Santa Ana

Restaurant and Bar Relief Grant

The Santa Ana Restaurant and Bar Relief Grant is aimed at assisting restaurants and bars within the City of Santa Ana that have been affected by COVID-19. The funding, which is part of the CARES Act Coronavirus Relief Funds bill, will aid those businesses and non-profits that need assistance in surviving and recovering through this pandemic. Funding will be allocated in the form of grants, on a first come first serve basis. 

Audience: Small Business Owners, Non-profits

Nonprofit loan/grant programs
Alabama

Central Alabama Community Foundation.

Community COVID-19 United Relief Fund

The Central Alabama Community Foundation and River Region United Way are collaborating to address the most vital needs of people across the River Region area of Central Alabama and the Wiregrass. The first track will focus on 501(c)3 nonprofit organizations supporting basic needs and/or health and wellness efforts related to the COVID-19 emergency and its aftermath. The second track of grants to the Community COVID-19 United Relief Fund will address the financial impact of COVID-19 on nonprofits’ organizational capacity to provide community services.

Audience: Non-profits

Local government loan/grant programs, Nonprofit loan/grant programs
North Carolina

City of Durham, Duke University and Carolina Small Business Development Fund

Durham Small Business Recovery Fund

The City of Durham and Duke University have partnered with Carolina Small Business Development Fund to establish the Durham Small Business Recovery Fund to provide loan and grant funds for small businesses (for-profits) adversely affected by the COVID-19 pandemic. Eligible businesses are those with fewer than 25 employees, including home-based businesses and food trucks. Second round of funding began July 20.

Audience: Small Business Owners

Low interest loans
North Carolina

Madison County, Madison County Chamber of Commerce, Mountain BizWorks

Madison County Small Business Loan Fund

The Madison County Small Business Loan Fund small business loans are designed to be flexible and rapid sources of low-interest loan capital to help local Madison County businesses meet pressing needs and navigate the COVID-19 crisis. Repayment is expected either from more permanent funding sources (like SBA Disaster Loans) or from the future cash flow of the business.

Audience: Small Business Owners

Local government loan/grant programs
Virginia

The City of Norfolk

City of Norfolk Coronavirus Relief Fund Grant Program

Round 3 applications: October 5th – October 16th.
Grant funds will be available to small for profit businesses and nonprofits physically located in the City of Norfolk affected by COVID-19. Priority will be given to minority and women owned businesses. Applicants will be required to demonstrate that they were operational pre-COVID-19, and that they are suffering negative impacts from COVID-19 closures. Funds are meant to reimburse businesses for the costs of business interruption caused by required closures due to COVID-19.

Audience: Small Business Owners, Non-profits

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