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
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

Marketing tools
National

Yelp’s COVID-19 Response and Support for Local Businesses

$25 million in relief, primarily focused on supporting independent, local restaurant and nightlife businesses, in the form of waived advertising fees and free advertising, products, and services during this period. These relief efforts are available to small, independently owned restaurant and nightlife businesses and franchisees in the U.S., Canada, the U.S. Virgin Islands, and Puerto Rico with fewer than five locations.

Audience: Small Business Owners, Self-employed

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

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

Colorado

Colorado COVID Small Business Legal Project

Volunteer lawyers helping Colorado small businesses during the COVID-19 crisis

Volunteer lawyers helping Colorado small businesses during the COVID-19 crisis. They have been especially hard-hit by the COVID-19 economic crisis, with minority and woman-owned small businesses being hit the hardest. Legal volunteers have offered to help Colorado’s small businesses get back on their feet. This website was created to match small businesses that need limited legal advice regarding COVID-19 related issues with volunteer lawyers.

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

Low interest loans
Colorado

Colorado Enterprise Fund VALOR Loan Program

The VALOR Loan program was created to support transitioning service members, veterans, and their families with access to affordable capital to start and grow small businesses in Colorado. Loan Amount: Up to $500,000. Loan Rate: 2% discount from standard CEF rates. Origination Fee: 1.5%. Loan Term: Up to 10 years with interest-only period of up to 6 months. Loan Uses: Working capital, equipment, inventory, property improvements, business purchase, commercial real estate. Loan Process: Online application on CEF website with underwriting and approval following standard CEF processes.

Audience: Small Business Owners

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