Oklahoma City is $5.5 million in cash incentives, no-interest loans, low-interest loans and technical assistance for small businesses. Who’s eligible: For-profit businesses in San Francisco with a total annual revenue under $2.5 million. No interest or payment will be due for the first three months of the loan. At least 50% of the grants to small businesses will be awarded to Historically Disadvantaged businesses. . If you do not yet have one, you can put in a free, expedited request for a number (24-hour turnaround) by specifying that you are applying for a government grant. Nominations and how to participate available here. The Denver Small Business Emergency Relief program offers cash grants of up to $7,500 … How to apply: Application processes are different for each program. How to apply: Business owners can apply for the available programs online now through April 17. Facebook has committed to offering up to 30,000 small businesses $100 million in cash grants and Facebook advertising credits. Who’s eligible: Small businesses in Louisiana with fewer than 100 employees that are impacted by the COVID-19 crisis. 3 months of operating expenses, as evidenced by 2019 Federal Tax Returns. The City of San Francisco has also initiated a, for small- and medium-sized businesses whose revenue has been affected by the coronavirus. For those needing assistance, a schedule of virtual office hours is below. Paycheck Protection Program loans can be forgiven if businesses maintain payroll for eight weeks at employees’ normal salary levels and use the loan proceeds for qualifying expenses. Under the Florida Small Business Emergency Bridge Loan Program, loans of up to $50,000 — $100,000 in certain special cases — are available to coronavirus-affected small businesses. Para leer esta información en español, haga click aquí. The U.S. Small Business Administration (SBA) offers a list of, Federal Income Tax Filing and Payment Deadline Extension, The federal tax return filing deadline is now July 15, 2020. Our mission is to improve the quality of life for Pennsylvania citizens while assuring transparency and accountability in the expenditure of public funds. The Community and Economic Development Initiative of Kentucky (CEDIK) has created a small business stimulus fund to help those impacted by COVID-19. This program offers loans of up to $100,000 per applicant at no interest and with no payments due for the first six months. Greene County, Ohio businesses with fewer than 50 employees (and are not cannabis or franchise establishments, among a few other sectors) can apply for grants of up to $10,000 until Oct. 30 or funds run out. 2016 CT.gov | Connecticut's Official State Website. How to apply: Apply directly with a participating bank. I'm a Personal Finance Reporter for Forbes Advisor. Also, grantees must prevent the duplication of benefits, which means these grant funds may not be used to pay expenses if another source of financial aid has paid that same expense. Estimated tax payments for 2020 originally due on April 15 will now be due on July 15. to find out if your business has more time to file or more time to pay state and local taxes this year as a result of the coronavirus. How to apply: Apply online. A copy of completely filed 2019 Federal Personal Tax Returns for each business owner with 20% or greater ownership, including all required schedules. Return to this page regularly. We estimate the online application will be available the week of November 9, 2020. Business must have no more than 20 total full-time employees in 2019 across all of their Connecticut locations, or have total 2019 payroll of less than $1.5 million (annualized). Applications are due Nov. 1. The Community and Economic Development Initiative of Kentucky (CEDIK) has created a. to help those impacted by COVID-19. Those who already received federal CARES Act, PPP or EIDL assistance are eligible, but the grant. Applicants must be owned by someone of a low or moderate income household; or employ people who make low or moderate incomes. At a minimum, the following list of items will be needed to apply. Interested in doing business in Pennsylvania? Through the San Francisco Hardship Emergency Loan Program (SF HELP), businesses in San Francisco are eligible for 0% interest rate loans from Main Street Launch in partnership with the City of San Francisco. The loans come with six months at 0% interest and no required payments, and then will be subject to four-year repayment terms at 5.5% interest. (Photo by Andrew Lichtenstein/Corbis via Getty Images), Businesses have a growing number of resources and relief programs to turn to, including many new provisions included the. You can also search for your bank on the American Bankers Association’s ongoing A-Z list of coronavirus response programs. Businesses in which the majority of revenue is earned from the following activities: Medical marijuana; liquor stores and alcohol distributors; adult businesses such as strip clubs; vape retailers; tobacco shops and smoking lounges; businesses having to do with gambling; gun stores and ranges; cash advance, check cashing, or pawn shops; bail bonds; collection agencies or services; and auction or bankruptcy or fire or "lost-our-lease" or "going-out-of-business" or similar sale. Applicants may submit historical documentation to support the projected revenues and expenses with their applications, such as: quarterly tax statements, income statements, sales reports, cash flow statements, and accounts receivable reports as supporting documentation. The federal tax return filing deadline is now July 15, 2020. The business was in operation on February 15, 2020 and if required paid income taxes to the state and federal government, as reported on individual or business tax returns, COVID-19 has had an adverse economic impact and makes this grant request necessary to support the ongoing operations of the applicant, The grant will be used cover COVID-19 related costs, During the period beginning on June 1, 2020 and ending on December 31, 2020, the applicant has not and will not receive another grant under this state program, Government Issued Photo ID such as a Driver’s License or Passport, Revenue from March 1st to May 31st for 2019 and 2020, Most recently submitted Federal Tax Return. Massachusetts Growth Capital Corporation (MGCC) will be administering these funds to businesses experiencing economic hardship and a loss of income due to the COVID-19 pandemic. Application Opens - 10/22/2020 at 12:00 PM. The program will provide a direct loan of up to $100,000. The business must have been negatively impacted by the COVID-19 crisis and must have seen a reduction in business hours, at least a 20% decline in revenue, or meet other requirements outlined by the state. After that period, interest rates will be no more than 3.5%. Economic Injury Disaster Loan (EIDL) program, Local microbusinesses, solo practitioners, and entrepreneurs, South Lake Union (SLU) neighborhood of Seattle, can apply for coaching and grants of up to $5,000, tracks grants available to nonprofits and small businesses, In partnership with Verizon, the digital fundraising and advocacy platform, The Institute for Minority Economic Development, along with other partners, is giving. Please see below to make sure your business or nonprofit meets the below requirements before you apply. Sign up to receive the latest Pennsylvania news, direct to your inbox. In order to get funds to businesses in need as quickly as possible, the second application window will be the final opportunity to apply for the program. While not a requirement upon application submission, please note that applicants must provide such documentation if requested by Massachusetts Growth Capital Corporation, the Massachusetts Department of Housing and Community Development, or the U.S. Department of Housing and Urban Development at a later date. Who’s eligible: The Small Business Emergency Loan Program is for businesses located in Minnesota that can prove they’ve been negatively impacted by the pandemic; the Small Business Loan Guarantee Program is for businesses with fewer than 250 employees that are based in Minnesota. Fort Bend County, Texas businesses impacted by the coronavirus with between 1 and 50 employees and annual sales of less than $5 million can apply for grants up to $25,000 to cover certain expenses. Phoenix, Arizona businesses with no more than 25 employees and $3 million in gross total sales between January 1, 2019 and December 31, 2019 that lost at least 25 percent of revenue because of the coronavirus can apply for a grant of up to $10,000. Applications are due Oct. 23. In response to the coronavirus pandemic, HHS is awarding emergency grants and cooperative agreements funded under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, 2020 [P.L. Loans with repayment terms of six months to one year carry an interest rate of 0% and five-year loans have interest rates of 3% to 5%. Leesburg, Virginia businesses with fewer than 50 employees and between $2,5000 and $2.5 million in annual revenue that can show at least a 15 percent loss of it due to the coronavirus (and did not already receive a grant from previous rounds of this program) can apply for tiered grants up to $15,000. Many forced to shut down temporarily are at serious risk of never reopening. Major equipment purchases, purchase of real property, construction activities, business expansion, lobbying. Under the schemes, eligible businesses will receive a grant of £10,000. Facebook has committed to offering up to 30,000 small businesses $100 million in cash grants and Facebook advertising credits. The U.S. Small Business Administration is offering a low-interest federal disaster loans and a one-time emergency grant of up to $10,000 for working capital to small businesses and private non-profits suffering substantial economic injury as a result of the Coronavirus (COVID-19). an application by May 8, 2020, along with supporting documents including business tax returns, individual tax returns and employer tax documentation. in place, giving the opportunity for tenants to go on a payment plan or apply for a hardship waiver if they cannot pay their rent due to COVID-19. Grant amounts will be considered for actual expenses for 2020 during the pandemic. As spokesperson, she also contributed her expertise to outlets including The New York Times, ABC World News Tonight and the Today Show. This is not a first-come, first-served program. © 2020 Forbes Media LLC. Opinions expressed by Forbes Contributors are their own. Through the San Francisco Hardship Emergency Loan Program (SF HELP), businesses in San Francisco are eligible for 0% interest rate loans from. © The Wisconsin Economic Development Corporation’s (WEDC’s) We’re All In Small Business Grant Program provided much-needed financial assistance to thousands of Wisconsin small businesses affected by COVID-19. Charlotte, North Carolina bars, food trucks, caterers, restaurants, and music venues can apply for grants of either $10,000 or $25,000, depending on number of employees, until Oct. 19 or until funds are depleted. Who’s eligible: Small businesses and nonprofits that have existed in New Jersey for at least one year and have less than $5 million in annual revenue. Major equipment purchases, purchase of real property, construction activities, business expansion, lobbying. The moratorium will expire on April 17 (and could be extended), but the city has put additional. All loans have a 0% interest rate, except for agricultural producers, who will have a 2% fixed interest rate for the life of their loan. It seems that JavaScript is not working in your browser. Applications are open now through October 12. BROOKLYN, NEW YORK - MARCH 16: A lone customer lingers over a coffee in a normally crowded cafe that ... [+] is transitioning to only servicing to go orders on March 16, 2020 in Brooklyn, New York. If you own 20% or more of the business, you must guarantee the loan. (Photo by Andrew Lichtenstein/Corbis via Getty Images). You may opt-out by. The amount of the loan you’ll qualify for depends on your revenues before business was affected by the coronavirus. Colorado sole proprietors and small businesses (including nonprofits) with fewer than 25 full time employees--businesses are allowed to use their "off season" personnel numbers--can apply for a combined grant and loan program.