COVID-19 Resources for small businesses

 

Updated: February 16, 2021

 

For assistance, please register for a one-on-one counseling session with our small business counselor by scheduling an appointment.

 

COVID-19 Federal Relief

 

Paycheck Protection Program

Businesses need to work with a lender to apply for this temporary emergency assistance. Businesses must apply by March 31, 2021.

 

COVID-19 Economic Injury Disaster Loan for small businesses and nonprofits will provide low interest and long-term repayment options to borrowers who have experienced financial loss as a result of the pandemic. The loan amount will depend on an economic injury calculation. Apply by December 31, 2021.

 

The new targeted Economic Injury Disaster Advance Grant will provide eligible small businesses in low income areas that were impacted by economic loss from the pandemic with a grant of up to $10,000. SBA will reach out to businesses that previously applied but did not get the full amount.

 

Shuttered Venue Operator Grant will provide grants to live venue operators, theatrical producers, live performing arts organization operators, museum operators, motion picture theater operators, and talent representatives who demonstrate at least a 25% reduction in revenues. For more information see the Targeted EIDL FAQ

 

Visit treasury.gov/cares for more information on the Paycheck Protection Program and the Coronavirus Response and Relief Supplemental Appropriations Act of 2021.

 

Local Loan & Microloan Opportunities

These lenders and programs provide alternative lending options to start-ups and existing businesses that have difficulty obtaining credit from mainstream financial institutions in the DMV metro area.

 

ECDC Enterprise Development Group

Washington Area Community Reinvestment Fund  (WACIF)

Latino Economic Development Center (LEDC)

Life Asset

City First Enterprises

The Hilltop MicroFiance Initiative

DC BizCAP Collateral Support Program

DC BizCAP Innovation Finance Program

 

SBA created this list of funding sources to support small businesses that still need to access capital and have been impacted by the COVID19 pandemic. Small businesses and entrepreneurs can locate funding by entering a ZIP code. You can access this free resource, here.

 

Grant Opportunities

The new Stavros Niarchos Foundation (SNF) Small Business Growth & Recovery Fund initiative is managed and implemented through Equivico by NCRC. This program will offer $20,000 grants and complementary training and mentorship to underserved business owners. Apply by March 19, 2021.

Art/Writing

Pen America’s Writer’s Emergency Fund provides $500 to $1000 grants based on need.

International Women’s Media Foundation provides grants up to $2000 to women-identifying journalists who have lost their jobs or urgently need assistance.

Arts and Culture Leaders of Color Emergency Fund’s one-time microgrant of $200 for BIPOC artists and administrators.

Foundation for Contemporary Arts Emergency Grants is a temporary fund intended to meet the needs of experimental artists who have been impacted by the pandemic. Apply by March 15, 2021.

Sweet Relief Musicians’ Fund will provide immediate assistance for musicians and music industry workers affected by the Coronavirus pandemic.

The Halstead Grant is an annual grant that  provides emerging silver jewelry artists a $7,500 cash grant to help kick start their careers. Apply by August 2021.

 

Beauty

Professional Beauty Association provides $500 to licensed beauty professionals who are unable to work.

SoGal Black Founder Startup Grant will provide several $10K and $5K cash grants to Black women or nonbinary entrepreneurs.

 

Crowdfunding

IFundWomen, a crowdfunding platform, is giving microgrants to women-run businesses, issued on a rolling basis. Register with the site and click “start a campaign” to be considered for a relief grant.

GoFundMe.org is providing $500 matching micro-grants to qualifying small businesses negatively impacted by the COVID-19 pandemic. If a small business raises $500 on their GoFundMe and meets eligibility criteria, they may be considered to receive a matching grant.

 

Food/Restaurants

DoorDash Local Restaurant Grants will provide eligible small businesses within certain states a $5000 grant.

Southern Smoke Foundation’s Emergency Relief Program provides emergency funding to those employed by or own restaurants or bars facing unforeseen expenses that cannot or will not be covered by insurance.

 

General

FedEx® Small Business Grant Contest is offering over $250,000 in cash and prizes to 12 winners. Entering is a great opportunity to gain exposure for your business and connect with your community and your fans – and winning could help write the next chapter of your story. Apply by March 9, 2020.

Jane Walker First Women Grant Program will provide 15 groundbreaking women-owned businesses from across the Entertainment & Film, Music, Sports, Journalism & Hospitality industries to receive a $10K grant and one-year Annual Coaching Membership on IFundWomen. Applications are being accepted on a rolling basis through June 2021.

KKR Small Business Builders (SBB) grants are designed to help business owners sustain, maintain or create jobs as they respond to the ongoing COVID-19 crisis.

3R's Grant Program: Recover, Rebuild and Resilience an initiative of  1863 Ventures is allocating $500K in grants in addition to an online training to pivot your business model.

Nav’s Small Business Grant finalist will have a call with Nav’s team to share more about their business for a $10,000 or $5,000 Small Business Grant. All finalists will receive a free year of Nav Business Manager, valued at $360. Apply by March 8, 2021.

Hello Alice Grant & Mentorship will provide a $10,000 business grant and a half-day virtual session with a mentor to grow your business.

Amber Grant is distributing $10,000 every month and a year-end grant of $25,000. Applications due at the end of every month.

 

Maryland

Baltimore Restaurant & Tavern Assistance Grant is providing $10,000 to $50,000 grants to businesses to help them cover covid-related needs. Priority will be given to locally owned bars, restaurants, minority and women owned business enterprises. Apply by February 19, 2021.

BGE Energizing Small Business Grant will provide small businesses in Maryland with a grant of $20,000 to help economic recovery from the pandemic. Apply by March 3, 2021.

 

Minority

The Power Forward Small Business Grant program will provide $25,000 grants on a rolling basis to Black-owned small businesses across New England. Through a joint commitment through Vistaprint and the Boston Celtics Shamrock Foundation.

Pharrell Williams’ Black Ambition will award grant funding to seed or early-stage ventures with at least one Black and/or Latinx founder/co-founder that is an HBCU undergraduate, graduate student, or a former student. Apply by February 22, 2021.

Barefoot and New Voices Foundation will provide $10,000 grants and coaching to five Black women-owned businesses. Apply by February 28, 2020.

 

Virginia

Dominion Energy Small Business Relief provides qualified businesses one-time assistance with their Dominion Energy electric bill up to $1,000.

 

Washington, DC

DC Community Grants Program provides financial support to qualifying non-profit organizations dedicated to supporting children through sports, performing arts or cultural arts in the District of Columbia. Apply by March 1, 2021.

Greater Washington Hispanic Chamber of Commerce (GWHCC) Small Business Micro Grant provides grants between $500-$1000 for active members to assist small businesses that have been affected by COVID-19. Apply by March 5, 2021.

Are you a woman in tech? DCFemTech Grant is providing $500 grants to help cover the cost of community events. Eligible events include panels, professional development and other workshops.

 

Additional Resources

District of Columbia Mental Health Hotline

If you are experiencing stress or anxiety related to coronavirus (COVID-19), the District's Mental Health Hotline - 888-793-4357. Clinicians are available 24/7.

 

CDC’s Guidance for Businesses and Employers to Plan and Respond to COVID-19

The Resuming Business Toolkit is designed to prevent and reduce transmission and maintain healthy business operations and work environments.

Resources References in the Resuming Business Toolkit:

●      COVID-19 Factsheets for Businesses and Employers

●      How to Protect Yourself and Others

●      OSHA Ten Steps All Workplaces Can Take to Reduce Exposure to Coronavirus

●      Guidance for Cleaning and Disinfecting Homes, Schools, Public Spaces, Workplaces and Businesses

 

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