This post originally appeared on startupnation.com/start-your-business
As local businesses close their doors amidst the coronavirus pandemic, entrepreneurs and business owners worldwide are scrambling to make ends meet. If you’re in need of assistance during this time, consider the following resources for small business aid:
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GRANTS
Detroit Small Business Stabilization Fund
A program announced yesterday by TechTown CEO, Ned Stabler, TechTown will provide working capital grants up to $5,000 to qualifying small businesses. The program will be funded largely by the Quicken Loans Community Fund and by the Gilbert Family Foundation.
For more information, visit techtowndetroit.org.
Economic Injury Disaster Loan Program
The SBA is working directly with state Governors to provide targeted, low-interest loans to small businesses and non-profits that have been severely impacted by the coronavirus.
Small business owners in the following states are currently eligible to apply: California, Connecticut, Delaware, the District of Columbia, Florida, Georgia, Indiana, Maine, Massachusetts, Montana, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Rhode Island, Utah, and Washington.
For more information, visit sba.gov.
For assistance on a state-by-state level, check out Fundera’s comprehensive list of assistance for small businesses impacted by the coronavirus.
Facebook Small Business Grants Program
In an effort to keep small businesses operating, Facebook is offering $100 million in cash grants for up to 30,000 eligible small businesses.
Sign up to receive updates via facebook.com.
Neighborhood Small Business Relief Fund
Amazon is committed to helping Seattle-based small businesses facing hardship due to COVID-19. The Neighborhood Small Business Relief Fund will provide $5 million in cash grants.
For details, and to apply for assistance, visit blog.aboutamazon.com.
Related: How to Support Local Merchants While Social Distancing
GENERAL ASSISTANCE
Tax Day delay
While not a form of monetary assistance, small businesses will be provided an additional 90 days to file their tax returns. Note that this applies only to federal tax income payments.
Webinars
National Federation of Independent Businesses (NFIB)
Watch the previously recorded “How Small Business, Workers and Workplaces Should Respond to COVID-19,” then sign up for part two, “Congressional and Legal Update for Small Businesses,” LIVE on Friday, March 20 at 12 p.m. EDT.
University of Pittsburg
Tune in to “Coronavirus: Resources and Relief for Small Businesses” on Friday, March 20 at 1 p.m. Experts will include representatives from Huntington Bank and the SBA.
Michigan Small Business Development Center
The Michigan Small Business Development Center offers several informative webinars, including:
- “Navigating the Cash Flow Crunch,” available now on demand
- “E-Commerce During COIVD-19,” Friday, March 20 at 11 a.m. EDT
- “Human Resource Management During COVID-19,” Tuesday, March 24 at 1 p.m. EDT
Credit card payment relief
Some credit card companies, like Amex, Bank of America, Discover and Capital One, are allowing business owners directly impacted by COVID-19 to skip payments, free of interest. Learn more here.
Dell Technologies
For those working from home for the first time, Dell Technologies offers seamless Work From Home solutions to keep your productivity at its peak. Additionally, StartupNation members can access these work from home solutions at additional savings with an eight percent stackable coupon.
Visit www.Dell.com/StartUpNation to access these savings. For any questions around the best remote solution for you and your business, call our Small Business Advisors at 800-757-8442.
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Editor’s note: We will be updating this page as additional relief sources become available. If you know of any assistance programs we missed, please share in our community forum.
The post Resources for Small Business Aid Amidst the COVID-19 Crisis appeared first on StartupNation.
