Advisor Assistance

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Local/ State Programs

Resources

Alabama

California

New Jersey

Massachusetts

New York

Florida

Pennsylvania

New Mexico

Oregon

Under discussion - 0% interest loan

California Small Business Loan Guarantee Program & Disaster Relief Loan Guarantee Program (iBank Program)

iBank Program: https://www.ibank.ca.gov/small-business-finance-center/

City of San Francisco

City of San Francisco: http://www.mainstreetlaunch.org/san-francisco-launch/

Office of Economic and Workforce Development (San Francisco): https://oewd.org/assistance-guidance-businesses-and-workers-impacted-covid-19

Additional Resources here: https://business.ca.gov/advantages/small-business-innovation-and-entrepreneurship/disaster-relief-resource-guide/

The New Jersey Economic Development Authority (NJEDA) has a portfolio of loan, financing and technical assistance programs available to support small and medium-sized businesses.

https://www.njeda.com/about/Public-Information/Coronavirus-Information

Florida Small Business Emergency Bridge Loan Program

https://floridadisasterloan.org/

Additional resources here: https://www.mass.gov/info-details/covid-19-resources-and-guidance-for-businesses

COVID-19 Business Loan Guarantee Program: The New Mexico Economic Development Department (NMEDD) has created a program to assist businesses seeking emergency loans or lines of credit to deal with negative economic impacts from COVID-19. NMEDD can guarantee a portion of a loan or line of credit up to 80% of principal or $50,000.

https://gonm.biz/about-us/covid-19-response

To help small businesses deal with the impact of COVID-19, the City has launched the NYC Small Business Continuity Loan Program.

Assistance & Guidance for Businesses Impacted Due to Novel Coronavirus https://www1.nyc.gov/site/sbs/businesses/ covid19-business-outreach.page

See List

Business Oregon:

Entrepreneurial Development Loan Fund (https://www.oregon4biz.com/How-We-Can-Help/Finance-Programs/EDLF/)

Oregon Business Development Fund (https://www.oregon4biz.com/How-We-Can-Help/Finance-Programs/OBDF/)

Oregon Royalty Fund (https://www.oregon4biz.com/How-We-Can-Help/Finance-Programs/ORF/)

Community Lending Works (https://communitylendingworks.org/)

Community Development Financial Institution Fund (CDFI): (http://www.cdfifund.gov)

Craft3 (https://www.craft3.org/)

MESO (https://www.mesopdx.org/)

Oregon’s Economic Development Districts: (http://www.oedd.org/)

Other Micro Lenders:

Mercy Corps NW (https://www.mercycorpsnw.org/)

OAME (http://oame.org/)

Great resources page for both Washington state and Oregon state and also county level resources: https://greaterportlandinc.com/covid-business-resources

The creation of a 0-interest small-business economic injury loan program is under discussion. The proposed legislation seeks to generate $125 million in relief for Pennsylvania small businesses.

Also, business are urged to contact the Department of Community Economic and Development.

The DECD can be reached at (833)722-6778, email: ra-dcedcs@pa.gov or its website: https://dced.pa.gov/contact-us/. Businesses are advised to contact the agency about their situation immediately.

Washington State

The creation of a 0-interest small-business economic injury loan program is under discussion. The proposed legislation seeks to generate $125 million in relief for Pennsylvania small businesses.

Resources page WA Governor’s Office: https://www.governor.wa.gov/issues/ issues/covid-19-resources/covid-19-resources-businesses-and-workers

WA Small Business Guidance: https://www.business.wa.gov/site/ alias__business/1561/covid-19.aspx

Washington State Dept. of Commerce: http://startup.choosewashingtonstate.com /links/crisis/covid-19-resources/

Washington State Dept. of Revenue: https://dor.wa.gov/about/business-relief-during-covid-19-pandemic

Seattle Business Stabilization Fund: http://www.seattle.gov/office-of-economic-development/small-business/small-business-programs-/stabilization-fund-/faq

NOLABA is committing $100,000 to initiate the fund, with a goal of increasing the fund assets to a minimum of $500,000. We have issued a charge across the community to encourage business leaders, philanthropy, and concerned New Orleanians to contribute to increase the potential reach and impact of this relief effort.

Louisiana

New Orleans Business Alliance: https://www.nolaba.org/relief-fund/

https://www.michiganbusiness.org/covid19/

The Michigan Small Business Relief Program will provide up to $20 million in support for small businesses negatively impacted by COVID-19. The funding is divided between $10 million in small business grants and $10 million in small business loans to support businesses facing drastic reductions in cash flow and the continued support of their workforce. Funds for the program are expected to be available no later than April 1, 2020.

Michigan

https://mn.gov/deed/newscenter/covid/employers/

The Minnesota Department of Employment and Economic Development (DEED) is the state's principal economic development agency. They are actively working with state and federal partners on measures to assist businesses through this unprecedented time.

Minnesota

Minnesota Small Business Grants: https://minnesota.grantwatch.com/cat/13/small-business-grants.html

Minnesota Chamber of Commerce Economic Development Resources: https://www.mnchamber.com/economic-development-resources

WomenVenture provides the technical tools and emotional support to help Minnesotans start and grow a business, find a new job, or develop a new career path. It serves women and men of all economic and ethnic backgrounds.

https://www.womenventure.org/resources/covid-19-update-hub.html

https://www.connect2capital.com/

Connect2Capital is powered by Community Reinvestment Fund, USA (CRF). CRF, a national non-profit community development financial institution, is a leader in bringing capital to underserved people and communities.

https://www.texastrustcu.org/news/we-are-here-for-you/

Texas Trust Credit Union is offering low-interest, short-term loans to those affected by the COVID-19 situation.

Texas

https://www.michiganbusiness.org/covid19/

Michigan

https://mn.gov/deed/newscenter/covid/ employers/

Minnesota

Minnesota Small Business Grants: https://minnesota.grantwatch.com/cat/13/ small-business-grants.html

Minnesota Chanber of Commerce Eceonomic Development Resources: https://www.mnchamber.com/economic-development-resources

https://www.womenventure.org/resources/ covid-19-update-hub.html

https://www.connect2capital.com/

https://www.texastrustcu.org/news/we-are-here-for-you/

Texas Trust Credit Union is offering low-interest, short-term loans to those affected by the COVID-19 situation.

Texas

Arkansas

AR Economic Development Commission Quick Action Loan Program Allocation of $4,000,000 from the Governor's Quick Action Closing Fund. Eligible companies may apply for a loan or loan guaranty of up to $250,000. Prioritize small to medium-sized companies that are in the supply chain of essential goods and services (including healthcare, food manufacturing, logistics) Community Development Block Grant (CDBG) Up to $12 million in CDBG assistance will be made available for COVID19 relief and recovery. This money will be used to provide grants to eligible local governments with which to provide direct economic assistance in the form of loans to companies impacted by COVID19 and grants to clinics, hospitals and other non-profits who are working hard to provide care in rural Arkansas and to vulnerable populations such as the homeless. AEDC is undertaking necessary regulatory steps required by the federal government to implement this assistance. This page will be updated as more information becomes available.

For questions about ways AEDC can assist your business during this time, contact us by email or phone: Email: COVID19.businessinfo@arkansasedc.com Phone: 501-682-1121 or toll-free: 1-800-ARKANSAS

CANADA FINANCING PROGRAMS

Canada Small Business Financing Program – For small businesses or start-ups operating for profit in Canada, with gross annual revenues of $10 million or less.

Innovation Canada - Government financial incentives including grants or general information for small businesses.

Business Development Bank of Canada (BDC)

Kiva Zip is a peer-to-peer lending platform that enables entrepreneurs to obtain microloans from individual lenders.

Los Angeles Small Business Emergency Micro Loan Program

https://ewddlacity.com/index.php/microloan-program

https://www.denvergov.org/content/ denvergov/en/environmental-health/news/coronavirus-info/support-services/small-business-emergency-relief-program-form.html

City of Denver Small Business Emergency Relief Program Form

Colorado

City of Philadelphia Small Business Relief Fund The City and the Philadelphia Industrial Development Corporation (PIDC) are developing a program to support small businesses in Philadelphia. It will include help with maintaining payroll obligations and preserving jobs impacted by the spread of COVID-19. The program will include a mix of new grants and zero-interest loans for businesses that make under $5 million in annual revenue. PIDC will continue to offer its existing lending programs for small and midsize businesses on flexible terms to provide working capital, fund contract receivables, refinance high-interest debt, and meet other needs.

https://www.phila.gov/programs/philadelphia-covid-19-small-business-relief-fund/?mc_cid=e610c84755&mc_eid=701a23fa37

Pennsylvania Industrial Development Authority (PIDA) Small Business First Fund The Pennsylvania Industrial Development Authority (PIDA) will administer the Small Business First Fund with $61 million available initially for business assistance, according to a news release from state Sen. Lisa Boscola. Funds through this emergency response fund will be used for working capital loans of up to $100,000 directly to small businesses and hopefully nonprofits (those that employ 100 or fewer persons), Boscola said. The interest rate is currently 3%, however the PIDA board can adjust the interest rates to as low as 0%.

Please check back for details

https://commerce.maryland.gov/fund/ maryland-small-business-covid-19-emergency-relief-loan-fund

Maryland Small Business COVID-19 Emergency Relief Loan Fund This COVID-19 Emergency Relief $75M Loan Fund offers working capital to assist Maryland for-profit small businesses disrupted operations due to COVID-19. Loan assistance is intended to provide interim relief complementing actions with its bank, business interruption insurance, and financial partners.

Maryland

https://commerce.maryland.gov/fund/ maryland-small-business-covid-19-emergency-relief-grant-fund

Maryland Small Business COVID-19 Emergency Relief Grant Fund This COVID-19 Emergency Relief $50M Grant Fund offers working capital to assist Maryland small businesses and nonprofits with disrupted operations due to COVID-19. Grant assistance is intended to provide interim relief complementing actions with its bank, business interruption insurance, and financial partners.

NYC Small Business Continuity Loan Program https://www1.nyc.gov/nycbusiness/article/nyc-small-business-continuity-loan-program

Assistance & Guidance for Businesses Impacted Due to Novel Coronavirus https://www1.nyc.gov/nycbusiness/article/ nyc-small-business-continuity-loan-program

Local First Arizona is a nonprofit organization that celebrates independent, locally owned businesses. The organization has developed a page of resources for local businesses impacted by coronavirus. Expanded pandemic unemployment assistance application for self-employed individuals in Arizona is partially available, meaning individuals may apply now even thought the state has not fully implemented the funding.

Arizona

https://www.localfirstaz.com/covidresources

Local First Arizona is a nonprofit organization that celebrates independent, locally owned businesses. The organization has developed a page of resources for local businesses impacted by coronavirus.

Arizona

https://www.localfirstaz.com/covidresources

https://coronavirus.dc.gov/dc-small-business-recovery-grants

Small Business Recovery Grant

District of Columbia

https://coronavirus.dc.gov/dc-small-business-recovery-grants

Small Business Recovery Grants

District of Columbia

https://des.az.gov/services/employment/unemployment-individual/apply-ui-benefits

Arizon Cares Details

http://www.ctdol.state.ct.us/UI-OnLine/index.htm

The expanded pandemic unemployment assistance application for self-employed individuals in Connecticut is partially available, meaning individuals may apply now even though the state has not fully implemented the funding.

Connecticut

The expanded pandemic unemployment assistance application for self-employed individuals in Florida is partially available, meaning individuals may apply now even though the state has not fully implemented the funding.

http://www.floridajobs.org/Reemployment-Assistance-Service-Center/reemployment-assistance/claimants/apply-for-benefits

Reemployment Assistance FAQs

https://www.uimn.org/applicants/needtoknow/news-updates/covid-19.jsp

Expanded pandemic unemployment assistance application for self-employed individuals in Minnesota is partially available, meaning that individuals may apply now even thought the state has not fully implemented the funding.

Step-by-Step Instructions

https://myunemployment.nj.gov/

The expanded pandemic unemployment assistance application for self-employed individuals in New Jersey is partially available, meaning individuals may apply now even though the state has not fully implemented the funding.

https://www.nj.gov/labor/worker-protections/earnedsick/covidFAQ.shtml

https://labor.ny.gov/unemploymentassistance.shtm

Expanded pandemic unemployment assistance application for self-employed individuals in New York State is now available.

Self employment guide

https://apps.twc.state.tx.us/UBS/changeLocale.do? language=en&country=US&page=/security/logon.do

The expanded pandemic unemployment assistance application for self-employed individuals in Texas is partially available, meaning individuals may apply now even though the state has not fully implemented the funding.

Benefits Tutorial