Small businesses are seeking grants amid the coronavirus outbreak in the US. They can turn to the programs launched by the US Small Business and Administration (SBA).
These are the Economic Injury Disaster Loan Emergency Advance and the Payment Protection Program. But there are more grants available for entrepreneurs hit by the coronavirus outbreak.
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According to Inc.com, there are states, cities, counties, and corporations offering grants for small businesses and companies in the US.
Here are some of them:
General Grants
- Verizon and the digital fundraising and advocacy platform Hello Alice will provide emergency grants of up to $10,000 for companies slapped by the coronavirus pandemic.
- Google has allocated $340 million in advertising grants for small- and medium-size businesses. This is a credit that will be given automatically to Google Ads accounts.
- Moreover, Verizon will provide $5 million for the Local Initiatives Support Corporation to give as grants to small businesses. Grant applications will reopen in mid-April, and one can be notified through their website.
- GoFundMe, in partnership with Intuit QuickBooks, Yelp, GoDaddy, and Bill.com, will bestow small businesses a $500 grant if they collect at least $500 on GoFundMe.
State Grants
- The Council for Community and Economic Research (C2ER) website has a state tracker of financial incentive programs that businesses are free to access.
- Michigan announces grant funding between $10,000 and $150,000 for businesses that produce critical supplies in response to the pandemic, such as gloves and hand sanitizer.
- Texas AssistHER Emergency Relief Grant, which runs under the Texas Woman's University, offers Texas-based women-owned businesses $10,000 to recover from coronavirus.
- The Texas Black Expo will distribute micro-grants of $1,000 to 100 entrepreneurs who have been in business for two years now and are suffering coronavirus-related damages.
- Wisconsin's Small Business 20/20 program will assist existing loan clients of the state's 22 Community Development Financial Institutions with grants up to $20,000. The $5 million fund will be given to qualified businesses. In addition, these are companies with fewer than 20 employees for rent, payroll, and pandemic-related employee leave.
- Washington gave $5 million to the Working Washington Small Business Emergency Grant program, which provides grants up to $10,000.
City Grants
- Seattle-area businesses can benefit from Amazon's Neighborhood Small Business Relief Fund. The pool contains $5 million right now. Moreover, it is available to companies with fewer than 50 employees or less than $7 million in annual revenue.
- Denver launched an emergency relief of up to $7,500 through its Economic Development and Opportunity office for small businesses. The program will cater to sectors affected most by the coronavirus outbreak.
- Philadelphia will provide grants for licensed child care entities of up to $20,000.
- Lacey, Washington will distribute grants of up to $10,000 from a $500,000 pool to small businesses with less than 25 employees and have experienced hardship due to the coronavirus.
- San Francisco business owners can apply for the city's disaster relief fund.
- Oregon cities have grants for small businesses affected by the pandemic.
County Grants
- Similarly, Umatilla County, Oregon will offer $68,000 in $1,000 grants for businesses with 25 or fewer employees. The deadline of the application is on April 27.
- Montgomery County, Maryland, allocated more than $20 million in loans and grants for nonprofits and small businesses.
- Stanislaus County, California, business owners can take advantage of "micro-grants" of up to $10,000. Moreover, they qualify if they have been in business for a year and with less than 50 workers.
- Duane County, Wisconsin, has small business grants of $1,000 to $50,000. Applications must be send on or before June 15.
- Shawnee County, Kansas, via GO Topeka, provides up to $5,000 small business grants for companies affected by the outbreak, such as restaurants and retail.Â
Others
- Yelp offers advertising credits for small, independently owned restaurants and bars.
- Duke University encourages business owners to use their coronavirus-related funding tracker
- GrantWatch.com also lists grants available to nonprofits and small businesses.