This document provides a list of resources providing financial relief and information on rental assistance for COVID-19. We recommend you review the individual websites for full details.
Email email@example.com if you know other programs, and we’ll review them and share updates frequently.
Last updated: 3/25/20
|Entity||Program||Description||Eligibility / Information|
|Federal Resources||U.S. Small Business Administration (SBA)||SBA Disaster Assistance in Response to the Coronavirus||The U.S. Small Business Administration is offering low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). |
SBA’s Economic Injury Disaster Loans offer up to $2 million in assistance and these loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. The interest rate is 3.75% for small businesses. The interest rate for non-profits is 2.75%.
Small business owners in all U.S. states and territories are currently eligible to apply for a low-interest loan due to Coronavirus (COVID-19).
|State & Private Resources||Entity||Program||Description||Eligibility / Information|
|Arizona||State of Arizona||Executive order||Landlords may not use COVID-19 inflicted loss or financial hardship as a reason for termination of lease or rental agreement, or eviction.||https://azgovernor.gov/file/34289/download?token=ZP4ZTed5|
|California||San Francisco Office of Economic and Workforce Development||COVID-19 SMALL BUSINESS RESILIENCY FUND||Businesses with between one and five employees can apply for up to $10,000 in emergency funding to help cover rent and employee salaries.|
How to apply: The quickest way is to fill out an online application form and email it to firstname.lastname@example.org. You’ll need to supply proof of payroll costs and lost revenue.
You must show that you lost 25% or more of your revenue, that you have less than $2.5 million in gross receipts and that you’re properly licensed to operate in San Francisco.
The City of San Francisco has also initiated a moratorium on evictions for small- and medium-sized businesses whose revenue has been affected by the coronavirus. It’s effective for 30 days starting March 17, and the mayor has the capability to extend it for another 30 days.
|City of Fresno||Rent Deferral, Eviction Moratorium, an Foreclosures.||Commercial landlords in the City are hereby|
prohibited from evicting commercial tenants for nonpayment of rent
with respect to tenants whose businesses are subject to this
Section or are otherwise closed (voluntarily or by mandate) to
prevent or reduce the spread of COVID-19.
A tenant must notify their landlord they cannot pay
rent due to a COVID-19 related impact. Within one week of this
notice, the tenant must provide documentation or other objective
information that they cannot pay rent. Tenants will have up to six
months after the termination of the emergency declaration to repay
any back-due rent.
|City of San DIego||State of Emergency Declaration||A temporary moratorium on evictions for small businesses under commercial leases, who cannot pay rent.||http://sdnews.com/bookmark/27715449|
|Colorado||Denver Economic Development and Opportunity||Small Business Emergency Relief||The City of Denver is launching an emergency relief fund to address the most immediate needs of the business community. The program prioritizes those industries who are most impacted by the coronavirus pandemic, such as the food industry, nail salons, barbershops, home childcare providers, and retail shops.|
Providing up to a $7,500 in cash grants to our most vulnerable, this program is designed to assist eligible small businesses that may have had to temporarily close, have difficulty with paying their rent and utilities, or have had to lay off staff.
|Maryland||Maryland Department of Commerce||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. |
Eligible uses include: working capital to support payroll expenses, rent, mortgage payments, utility expenses, or other similar expenses that occur in the ordinary course of operations.
|Massachusetts||Massachusetts Growth Capital Corporation (MGCC)||Small Business Recovery Loan Fund||Who Qualifies: Open to Massachusetts-based businesses impacted by COVID-19 with under 50 full- and part-time employees, including nonprofits (negative impact must be verifiable).|
Terms and Conditions: This fund is being offered with no payments due for the first 6 months, then 30-months of principal and interest payments and no prepayment penalties.
Businesses can apply for loans up to $75,000.
|Michigan||Bedrock LLC||Small Business Rent and Expenses Waiver||Bedrock LLC real estate company is giving free rent for the next three months to its small-business retail and restaurant tenants.|
|Tech Town Detroit||Detroit Small Business Stabilization Fund||To mitigate barriers to capital for Detroit’s most vulnerable businesses, TechTown Detroit will administer an emergency fund that provides working capital grants in amounts up to $5,000 to qualifying small businesses. |
Grant money may only be used for the operating expenses of the awarded business. The operating expenses are defined as the day-to-day trading operations of the business such as covering payroll and rent.
Businesses must meet the following requirements to be eligible to apply:
(1) the business owner must have low- or median income (≤80% of the Area Median Income);
(2) the business must have 10 or fewer employees, including the owner(s);
(3) the business must have a physical location in the city of Detroit, and
(4) The business must have experienced a loss of income due to COVID-19.
|New Mexico||City of Santa Fe||Emergency Proclamation||The Mayor is prohibiting the eviction of residential and commercial property tenants whose ability to pay has been adversely impacted by the public health emergency.||https://www.santafenm.gov/news/detail/mayor_announces_updates_to_emergency_proclamation_-_effective_we|
|New York||City of New York||New York State on PAUSE Executive Order||New York State has implemented a 90-day moratorium on any residential or commercial evictions.|
|Ohio||City of Lakewood||City of Lakewood Small Business Rent Relief||The City of Lakewood has established the Small Business Rent Relief fund in order to support the vibrancy of Lakewood’s commercial corridors during the COVID-19 pandemic. One of the goals in the Community Vision is to “strengthen economic development efforts to increase commercial occupancy”. These grants, up to $3,000, can be used towards a business’s rent payment. After the first month of the fund, the program will be evaluated based on the restrictions at the time and business needs.||http://www.onelakewood.com/wp-content/uploads/2020/03/RentReliefGrantv2.pdf|
|Oregon||City of Beaverton||Emergency Business Assistance Program||Emergency assistance for Beaverton businesses directly impacted by a government-ordered, mandatory changes in service guidelines to assist with rental or mortgage payment during the COVID-19 pandemic.||https://www.beavertonoregon.gov/EmergencyBizAssistance|
|Prosper Portland||Rent relief for Prosper Portland's commercial tenants||Prosper is also offering rent relief to its commercial tenants. For businesses that have experienced a decline in revenue of 10% or more, Prosper is prepared to provide a three-month deferral of rent payments for April, May and June 2020.||https://prosperportland.us/prosper-portlands-response-to-the-covid-19-crisis/|
|Rhode Island||State of Rhode Island||State courts will not process any residential or commercial evictions for the next thirty days. Payment and filing deadlines have also been extended past April 17.||https://www.ri.gov/press/view/37970|