|NATIONAL COVID-19 FUNDS, GRANTS & LOANS|
|Goldman Sachs||Current||Commits $300 Million to Support Communities and Small Businesses||$275 million to create a Small Business Stimulus Package, including:|
$250 million to provide emergency loans to small businesses across the country.
$25 million in grants to (CDFIs) and other mission-driven lenders to ensure they have the necessary capacity to underwrite and deliver loans to small businesses as soon as possible.
$25 million as part of the Goldman Sachs COVID-19 Relief Fund to support communities in most urgent need globally, with the firm contributing to match employee donations up to an additional $5 million.
|Instrumentl||Application deadlines vary,|
|Instrumentl Grant for nonprofits||Aggregated grants available for 501c3 nonprofits serving those impacted by COVID-19|
|National Domestic Workers Alliance||Current||Emergency Relief Funding||The Coronavirus Care Fund (CCF) provides $400 in emergency assistance for qualifying home care workers, nannies and house cleaners who are experiencing financial hardship due to the coronavirus pandemic. Assistance from the Fund is to help you stay home and stay safe during the pandemic.|
|One Fair Wage||Current||Emergency Fund: Are you a service worker struggling amidst the coronavirus crisis?||We’re raising emergency cash assistance funds to support tipped workers and other service workers who are being fired, seeing their shifts cut and their customers dry up, and/or are staying home for health and the safety of others. We need your support.|
|SheaMoisture||Current||$1 Million Fund to Support Women of Color Entrepreneurs Affected by the COVID-19 Crisis||Now, in the wake of the economic downturn caused by the coronavirus outbreak, the personal care brand is once again making good on its promise to bring commerce to the community, announcing on Wednesday morning a one million dollar fund “to support women of color entrepreneurs and small businesses impacted by COVID-19.”|
|Sweet Relief||Current||Sweet Relief COVID-19 Fund for Musicians||Sweet Relief created this DONOR-DIRECTED FUND with a limited amount of funds available to be used specifically for musicians and music industry workers affected by the Coronavirus. Funds raised will go towards medical expenses, lodging, clothing, food and other vital living expenses to those impacted due to sickness or loss of work.|
|USBG National Charity Foundation||Current||Bartender Emergency Assistance Program||"The USBG National Charity Foundation has created a bartender emergency assistance program to help service industry personnel who may be experiencing financial hardship during the coronavirus outbreak. Eligible applicants can receive a grant to help with bills and other costs due to sudden loss or decrease of income. In order to qualify, an applicant must be a bartender or the spouse or child of a bartender."|
|Zapier||Current||Zapier Small Business Assistance Program||Zapier is creating a $1 million assistance program for their most impacted small business customers. Zapier's support team will set up qualified customers with a free 3-month credit for a Starter plan.|
|Bank of America||Update: Bank of America announced additional support for its 66 million Consumer and Small Business clients in response to the unprecedented challenges of the coronavirus. The company is offering assistance to clients through its Client Assistance Program and continuing to provide access to the important financial services on which these clients rely.||Support for Consumer and Small Business Clients Experiencing Hardship From the Impact of the Coronavirus||Consumer and Small Business deposit accounts: clients can request refunds including overdraft fees, non-sufficient funds fees, and monthly maintenance fees.|
Consumer and Small Business credit cards: clients can request to defer payments, refunds on late fees.
Small business loans: clients can request to defer payments, refunds on late fees.
Auto loans: clients can request to defer payments, with payments added to the end of the loan.
Mortgages and home equity: clients can request to defer payments, with payments added to the end of the loan.
In all of these instances, there will be no negative credit bureau reporting for up-to-date clients.
We have also paused foreclosure sales, evictions and repossessions.
|Capital One||Update: On Thursday, April 16, the Small Business Administration (SBA) announced that funds for the Paycheck Protection Program loans had run out. We have urged Congress to act quickly to authorize additional funding to meet the needs of small businesses across the country. We are hopeful they will do so soon, so we continue to accept and prepare applications for submission to the SBA. However, there is no assurance that there will be additional funding or that it will be available under the same terms and conditions.||Payment assistance and deferred loan assistance.||Customers facing financial difficulties due to the coronavirus are urged to contact the bank directly through one of its many customer support lines. At its website, Capital One encourages customers who may be impacted or need assistance to reach out so that the bank can help find a solution.|
Capital One tells Forbes that all customers will be eligible for assistance, of which will vary on the type of product they have and their individual needs. Examples of assistance include:
Minimum payment assistance
Deferred loan assistance
|Department of Education||Update: Questions that have been added or updated are identified with “NEW” or “UPDATED” before each question.||Federal Student Loan Relief||COVID-related guidance: If you’re having trouble making payments, contact your loan servicer as soon as possible. If you have a federal Perkins Loan, contact your school. You can easily avoid the consequences of delinquency or default by staying in touch with your servicer or school.|
Your servicer or school can provide information about deferment or forbearance options that allow you to temporarily stop making payments on your loans. You may also be able to change to a different repayment plan that would give you a lower monthly payment.
|FCC and Comcast, Charter, Verizon, & Others||Current||Internet Access Pledge||The FCC has issued a pledge on Friday for internet and telecommunications companies to "keep Americans connected" during the disruptions caused by the coronavirus pandemic. The pledge means that for the next 60 days, a participating internet service provider should:|
Not terminate service to any residential or small business customers because of their inability to pay their bills due to the disruptions caused by the coronavirus pandemic; Waive any late fees that any residential or small business customers incur because of their economic circumstances related to the coronavirus pandemic; and Open its Wi-Fi hotspots to any American who needs them.
|GrubHub||Update: Grubhub confirmed to Gizmodo that despite suspending the fees to restaurants, those restaurants would still be required to pay them.||Suspension of Commission Payments||Grubhub has suspended commission payments from independent restaurants during the crisis.|
|Marcus by Goldman||Current||Loan deferment; waiver of fees to access funds in high-yield CDs||As a Marcus loans customer, if you have been impacted by COVID-19, we can offer help via our customer assistance program, which allows you to postpone making a payment on your loan for one month. There will be no interest charged during the deferral and your loan term will be extended by one month. If you have a high-yield CD with Marcus and need access to your funds, we will waive the early withdrawal penalty should you need to withdraw funds from your account prior to maturity. In the meantime, your CD account will continue to accrue interesd.t as schedule|
|New Mexico Small Business Investment Corp||Article only visible with description||Small Business Loans||The New Mexico Small Business Investment Corp. will make $25 million available to lenders at zero percent interest, aimed at low-cost loans for struggling small businesses.|
|Ureeka||Current||PowerUp Program||The PowerUp Program will award over 500 eligible LatinX small businesses across California, Texas and New York with a $5,000 grant paired with coaching support and resources. |
In response to the economic disruptions caused by the COVID-19 pandemic on Latino-owned small businesses, Google.org has made a $3M grant to the PowerUp Fund, which has partnered with Ureeka — a community built to support and grow underrepresented small businesses. Together, the PowerUp Fund and Ureeka will not only help you grow your business, but build the skills to continue that growth in the future.