The U.S. Chamber played a key role in shaping and passing the CARES Act, including the law’s small business emergency loan programs, like the Paycheck Protection Program.
We are continuing to fight for additional relief for small businesses and industries hit hardest by the pandemic. We will not stop fighting for you.
Signed into law on March 11, 2021, the American Rescue Plan provides tax credits to pay for the time off for an employee to get vaccinated, to take family members to get vaccinated, or recover from any condition related to being vaccinated.
Expanded by the CARES Act, the EIDL program has been around for a couple of years and is intended to provide economic relief to businesses that are currently experiencing a temporary loss of revenue during a declared disaster. Here’s our step-by-step guide.
The SBA will pay 6 months of principal, interest, and any associated fees that borrowers owe for all current 7(a), 504, and Microloans in regular servicing status as well as new 7(a), 504, and Microloans disbursed prior to September 27, 2020.
These loans allow small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly.
Click here for the Small Business Administration’s website, where you’ll find additional programs as well as more resources and guides for coronavirus-impacted businesses.
ADDITIONAL FEDERAL PROGRAMS
The official federal resource for U.S. Small Businesses affected by COVID-19. Here you can access reliable, essential information and search for a small business advisor or mentor near you.
Small Business Development Centers provide assistance to entrepreneurs and small businesses by way of training sessions and free business consulting. Host networks for SBDCs are located all across the U.S. and its territories. Search for a location near you by using a tool on SBA.gov.
The Association of Women’s Business Centers sustains a network of 100 business centers across the United States, each of which supports female entrepreneurs with mentoring, as well as training, business development and finance opportunities. The AWBC also runs conferences, which can be great places to connect with potential mentors. Find a WBC near you.
VBOCs provide many entrepreneurial development services, including mentorship, to veterans, transitioning service members, National Guard & Reserve members and military spouses who are starting or growing a small business. You can search for locations near you on the SBA.govwebsite.
As an agency with the Department of Congress, the Minority Business Development Agency works to promote the growth of minority-owned businesses, in part through business centers located across the country in areas with the highest concentration of minority populations and minority business owners.
Partnering with the U.S. Small Business Association, SCORE is a nonprofit that helps connect small businesses with volunteer mentors of both active and retired executives and entrepreneurs across 62 industries. There are 300 chapters across the country, so you can connect with a local mentor to meet in person, or you can set up video or email relationships.
STATE AND LOCAL PROGRAMS AND ASSISTANCE
The following state and local programs are still open to provide funding. Updated as of December 2, 2020.
PRIVATE SECTOR PROGRAMS AND ASSISTANCE
Many companies and organizations have stepped up to provide financial assistance to small businesses. Click on any of the below to check eligibility and requirements.
|Provider||Program and Service Link|
|Another Round Another Rally Relief Funds||Relief Funds|
|Arts Leaders of Color||Arts Leaders of Color Emergency Fund|
|Broadcasters Foundation Coronavirus Grants||Coronavirus Grants|
|Foundation for Contemporary Arts Emergency COVID-19 Grants||Emergency Grants - Covid-19 Fund|
|Comcast Rise||Comcast Rise|
|GoFundMe.org||GoFundMe.org Small Business Relief Fund|
|Goldman Sachs||Goldman Sachs US Small Business Resource Center|
|Google Small Business, Medium Business Grant|
|Google Ads Small and Medium-sized Businesses|
|Hello Alice (in partnership with Verizon)||Hello Alice|
|Local Initiatives Support Corp.||Local Initiatives Support Corporation (LISC)|
|National Association for the Self-Employed (NASE)||Growth Grants|
|Nav's Quarterly Small Business Grant Contest||Business Grant Contest|
|Salesforce||Salesforce Care for Small Business|
|ShedulicityCares Grants||Schedulicity Cares|