| A | B | C | D | |
|---|---|---|---|---|
1 | SBA Disaster Loan (Second Round via HR 748) with 10K Grant | Are we missing info? Email me: | ||
2 | Maximum Loan Amount | $2 Million (may exceed $2m under certain circumstances) | cristina@accountingprose.com | |
3 | Maximum Interest Rate | 3.75% | ||
4 | Maximum Term | 30 Years | ||
5 | Turn Time | 25-35 business days | ||
6 | Grant | Emergency Grants provide an eligible EIDL applicant to request an advance of less than $10,000, which the SBA must distribute in three days. Applicants may not be required to repay advance payments, even if later denied an EIDL. If you receive a PPP loan or refinance an EIDL into a PPP loan, any advance amount received under the Emergency Economic Injury Grant Program would be subtracted from the amount forgiven in the PPP. | ||
7 | Where to Apply | https://covid19relief.sba.gov/#/ | ||
8 | Important Note from the SBA | If you wish to apply for the Advance on your EIDL, please visit www.SBA.gov/Disaster as soon as possible to fill out a new, streamlined application. (see link above) In order to qualify for the Advance, you need to submit this new application even if you previously submitted an EIDL application. Applying for the Advance will not impact the status or slow your existing application. | ||
9 | Phone | 800-659-2955 | ||
10 | disastercustomerservice@sba.gov | |||
11 | Blog | |||
12 | ||||
13 | SBA Disaster Loan (First Round via HR 6201)- OUT OF DATE | |||
14 | Maximum Loan Amount | $2 Million (may exceed $2m under certain circumstances) | ||
15 | Maximum Interest Rate | 3.75% | ||
16 | Maximum Term | 30 Years | ||
17 | Where to Apply | https://disasterloan.sba.gov/ela/Account/Login | ||
18 | If Portal is Down | Go Here | ||
19 | Phone | 800-659-2955 | ||
20 | disastercustomerservice@sba.gov | |||
21 | Blog | https://acctpro.se/covid-19-disaster-loan-guide | ||
22 | Can you get a grant? | The grants are backdated to January 31, 2020 to allow those who have already applied for EIDLs to be eligible to also receive a grant | ||
23 | ||||
24 | ||||
25 | CARES ACT - Payroll Protection Program (PPP) with Loan Forgiveness | |||
26 | Total Funds Available | $349 Billion | ||
27 | Funding Period | February 15, 2020 - June 30, 2020 | ||
28 | Maximum Loan Amount | 2.5x average monthly payroll costs or The outstanding amount of an Economic Injury Disaster Loan (EIDL) that was made during the period beginning on January 31, 2020 and ending on the date on which covered loans are made available to be refinanced under the covered loan. or $10 Million | ||
29 | *Payroll Costs Defined | • Salary, wage, commission, or similar compensation • Payment of cash tip or equivalent • Payment for vacation, parental, family, medical, or sick leave • Allowance for dismissal or separation • Payment required for the provisions of group health care benefits, including insurance premiums • Payment of any retirement benefit • Payment of state or local tax assessed on the compensation of the employee | ||
30 | Loan Forgiveness | Borrowers are eligible for loan forgiveness equal to the amount spent on the following expenses during the 8 week period beginning on the date the loan was originated: • Payroll costs (as outlined above) • For borrowers with tipped employees, additional wages paid to those employees • Mortgage Interest- Mortgage must have been in place prior to February 15, 2020 • Rent- Rent agreement must have been in place prior to February 15, 2020 • Payments for utilities, including: Electricity, gas, water, transportation, telephone, or internet- Utilities must have been in place prior to February 15, 2020 | ||
31 | Maximum SBA Guarantee | 100% | ||
32 | SBA Guarantee Fees | No Fee | ||
33 | Personal Guarantee | None Required | ||
34 | Collateral | None Required | ||
35 | Use of Proceeds | • Payroll costs* • Costs related to the continuation of group health care benefits during periods of paid sick, medical, or family leave, and insurance premiums • Employee salaries, commissions, or similar compensations; • Payments of interest on any mortgage obligation (which shall not include any prepayment of or payment of principal on a mortgage obligation) • Rent (including rent under a lease agreement) • Utilities • Interest on any other debt obligations that were incurred before the covered period | ||
36 | Maximum Interest Rate | 1% | ||
37 | Prepayment Penalty | None | ||
38 | Maximum Term | 2 Years | ||
39 | Payment Deferral | Not less than 6 months, including payment of principal, interest, and fees, and not more than 1 year | ||
40 | Turn Time | 36 Hours | ||
41 | Where to Apply | With Approved SBA Lender | ||
42 | Blog | https://blog.accountingprose.com/what-is-the-cares-act-payroll-protection-program | ||
43 | US Chamber of Commerce Resource | Link | ||
44 | Final Bill/Law | Link to HR 748 CARES Act | ||
45 | Link to Calculate Max Loan/Forgiveness | https://acctpro.se/calculate-ppp-max-loan-amt | ||
46 | ||||
47 | ||||
48 | SBA 7(a) Standard | |||
49 | Maximum Loan Amount | $5 million | ||
50 | Maximum SBA Guarantee | •85% guaranty for loans of $150,000 or less •75% guaranty for loans greater than $150,000 (up to $3.75 million maximum guaranty) | ||
51 | SBA Guarantee Fees | Fee charged on guaranteed portion of loan only. • $125,001-$150,000=2.0% • $150,001-$700,000=3.0% • $700,000+= 3.5% up to 1st million; plus 3.75% on guaranty portion over $1 million, 12 months or less .25% • Ongoing fee of 0.55%. | ||
52 | Use of Proceeds | • Expansion/renovation • New construction • Purchase land or buildings • Purchase equipment, fixtures, & leasehold improvements • Working Capital • Refinance debt for compelling reasons • Seasonal line of credit • Inventory or starting a business | ||
53 | Maximum Interest Rate | Lender set the rate, but cannot exceed the SBA maximum | ||
54 | Maximum Term | Generally: • Working capital & machinery & equipment is 5-10 years- not to exceed life of equipment • Real estate is 25 years. | ||
55 | Turn Time | 5-10 business days | ||
56 | Where to Apply | Lender Match | ||
57 | ||||
58 | ||||
59 | SBA 7(a) Small Loan | |||
60 | Maximum Loan Amount | $350k | ||
61 | Maximum SBA Guarantee | 85% guaranty for loans of $150,000 or less; 75% guaranty for loans greater than $150,000 (up to $3.75 million maximum guaranty) | ||
62 | SBA Guarantee Fees | Fee charged on guaranteed portion of loan only. • $125,001-$150,000=2.0% • $150,001-$700,000=3.0% • $700,000+= 3.5% up to 1st million; plus 3.75% on guaranty portion over $1 million, 12 months or less .25% • Ongoing fee of 0.55%. | ||
63 | Maximum Interest Rate | Lender set the rate, but cannot exceed the SBA maximum | ||
64 | Maximum Term | Generally, working capital & machinery & equipment (not to exceed life of equipment) is 5-10 years; real estate is 25 years. | ||
65 | Turn Time | 5-10 business days | ||
66 | Where to Apply | Lender Match | ||
67 | ||||
68 | ||||
69 | SBA Express | |||
70 | Maximum Loan Amount | $350k | ||
71 | Maximum SBA Guarantee | 50% | ||
72 | SBA Guarantee Fees | Fee charged on guaranteed portion of loan only. • $125,001-$150,000=2.0% • $150,001-$700,000=3.0% • $700,000+= 3.5% up to 1st million; plus 3.75% on guaranty portion over $1 million, 12 months or less .25% • Ongoing fee of 0.55%. | ||
73 | Maximum Interest Rate | 60 | ||
74 | Maximum Term | 60 Months | ||
75 | Turn Time | 36 Hours | ||
76 | Where to Apply | Lender Match | ||
77 | ||||
78 | ||||
79 | SBA Veterans Advantage | |||
80 | Maximum Loan Amount | $350k for SBA Express, $5 million for 7(a) | ||
81 | Maximum SBA Guarantee | Same as SBA Express and 7(a) | ||
82 | SBA Guarantee Fees | If processed as SBA Express there is no guaranty fee Ongoing fee of 0.55% If processed as 7(a), guaranty fee for non SBAExpress loans $125,001- $350,000 will be reduced by 50%. Ongoing fee of 0.55% | ||
83 | Maximum Interest Rate | Same as SBA Express and 7(a) | ||
84 | Maximum Term | Same as SBA Express and 7(a) | ||
85 | Requirements | Small business must be at least 51 percent owned and controlled by someone in one of the following groups: • Honorably discharged veterans • Active Duty Military service member eligible for the military’s Transition Assistance Program (TAP) • Service-disabled veterans • Reservists and/or active National Guard members • Current spouse of any veteran, active duty service member, Reservist, National Guard member, or the widowed spouse of a service member who died while in service or as a result of a service-connected disability | ||
86 | Where to Apply | Lender Match | ||
87 | ||||
88 | ||||
89 | SBA CAPLines | |||
90 | Maximum Loan Amount | $5 million | ||
91 | Maximum SBA Guarantee | Same as 7(a) | ||
92 | SBA Guarantee Fees | Same as 7(a) | ||
93 | Maximum Interest Rate | Lender set the rate, but cannot exceed the SBA maximum | ||
94 | Maximum Term | Up to 10 years, except Builder’s CAPLine, which is 5 years | ||
95 | Where to Apply | Lender Match | ||
96 | ||||
97 | ||||
98 | SBA Community Advantage | |||
99 | Maximum Loan Amount | $250K | ||
100 | Maximum SBA Guarantee | Same as 7(a) | ||
101 | SBA Guarantee Fees | Same as 7(a) | ||
102 | Maximum Interest Rate | Prime plus 6% | ||
103 | Maximum Term | Same as 7(a) | ||
104 | Where to Apply | Lender Match | ||
| A | B | C | D | E | |
|---|---|---|---|---|---|
1 | SBA Disaster Loan (Second Round via HR 748) with 10K Grant | CARES ACT - Payroll Protection Program (PPP) with Loan Forgiveness | |||
2 | Total Funds Available | $10 Billion | Total Funds Available | $349 Billion | |
3 | Funding Period | January 31, 2020 to December 31, 2020 | Funding Period | February 15, 2020 - June 30, 2020 | |
4 | Maximum Loan Amount | $2 Million | Maximum Loan Amount | 2.5x average monthly payroll costs or The outstanding amount of an Economic Injury Disaster Loan (EIDL) that was made during the period beginning on January 31, 2020 and ending on the date on which covered loans are made available to be refinanced under the covered loan. or $10 Million | |
5 | Maximum SBA Guarantee | Maximum SBA Guarantee | 100% | ||
6 | Grant | Emergency Grants provide an eligible EIDL applicant to request an advance of less than $10,000, which the SBA must distribute in three days. Applicants may not be required to repay advance payments, even if later denied an EIDL. If you receive a PPP loan or refinance an EIDL into a PPP loan, any advance amount received under the Emergency Economic Injury Grant Program would be subtracted from the amount forgiven in the PPP. | Loan Forgiveness | Borrowers are eligible for loan forgiveness equal to the amount spent on the following expenses during the 8 week period beginning on the date the loan was originated: • Payroll costs (as outlined above) • For borrowers with tipped employees, additional wages paid to those employees • Mortgage Interest- Mortgage must have been in place prior to February 15, 2020 • Rent- Rent agreement must have been in place prior to February 15, 2020 • Payments for utilities, including: Electricity, gas, water, transportation, telephone, or internet- Utilities must have been in place prior to February 15, 2020 | |
7 | SBA Guarantee Fees | SBA Guarantee Fees | No Fee | ||
8 | Personal Guarantee | No guaranteees for loans up to 200k | Personal Guarantee | None Required | |
9 | Collateral | Collateral is required for loans over $25k | Collateral | None Required | |
10 | Use of Proceeds | • Fixed debts • Payroll • Accounts payable • Other financial obligations for ordinary and necessary operating expenses | Use of Proceeds | • Payroll costs (see blog for limitations) • Costs related to the continuation of group health care benefits during periods of paid sick, medical, or family leave, and insurance premiums • Employee salaries, commissions, or similar compensations; • Payments of interest on any mortgage obligation (which shall not include any prepayment of or payment of principal on a mortgage obligation) • Rent (including rent under a lease agreement) • Utilities • Interest on any other debt obligations that were incurred before the covered period | |
11 | Maximum Interest Rate | 3.75% | Maximum Interest Rate | 1% | |
12 | Prepayment Penalty | Prepayment Penalty | None | ||
13 | Maximum Term | 30 Years | Maximum Term | 2 Years | |
14 | Payment Deferral | 12 months | Payment Deferral | Not less than 6 months, including payment of principal, interest, and fees, and not more than 1 year | |
15 | Turn Time | 25-35 business days | Turn Time | 36 Hours | |
16 | Where to Apply | https://covid19relief.sba.gov/#/ | Where to Apply | With Approved SBA Lender | |
17 | Blog | Blog | https://blog.accountingprose.com/what-is-the-cares-act-payroll-protection-program | ||
18 | Final Bill/Law | Link to HR 748 CARES Act | Final Bill/Law | Link to HR 748 CARES Act | |
| A | B | C | |
|---|---|---|---|
1 | Bank | Assistance Offered | Link |
2 | Ally | Waiving fees related to expedited checks and debit cards, overdrafts and excessive transactions on savings and money market accounts until July 16, 2020. Auto loan payments can be deferred for up to 120 days. No late fees will be charged, but finance charges will accrue. New auto customers will have the option to defer their first payment for 90 days. Mortgage payments for existing customers can be deferred for up to 120 days. No late fees will be charged, but interest will accrue. | Link |
3 | Bank of America | For consumer and small business deposit accounts, clients can request refunds of overdraft, insufficient funds and monthly maintenance fees. Clients can request to defer payments and refunds of late fees on their small business loans. On auto loans, personal loans, mortgages and home equity loans, clients can request deferral of payment, with those payments added to the end of the loan. So long as clients are up to date, no negative credit bureau reporting will be made. | Link |
4 | BBVA USA | To request loan, line of credit or credit card payment deferrals or extensions, call 844-222-3862; agents are available Mon–Fri, 8 a.m.–6 p.m. CT. Upon request, BBVA is waiving and refunding ATM fees charged by other banks/ATM networks and, for CDs opened prior to March 1, 2020, is offering penalty-free withdrawals. | Link |
5 | Capital one | 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, fee supression | Link |
6 | Chase | The firm will promptly deploy $8 million, including $5 million in the U.S. and $3 million in international markets to support vulnerable and underserved small businesses in the following ways: • Helping Black, Hispanic and Asian Pacific Islander owned businesses that may struggle to access capital and keep their doors open. This includes entrepreneurs that have participated in the firm’s Entrepreneurs of Color Fund and Ascend in places such as Seattle, California and New York. Support will include working with local Community Development Financial Institutions that will provide low or zero interest loans and interest rate buydowns to help offset the costs of business slow-downs and unexpected challenges, as well as technical assistance support for issues like remote working capabilities; • Supporting vulnerable, underserved and underrepresented entrepreneurs and small businesses across Europe and China to navigate and access available and emerging financial and non-financial support. | Link |
7 | CitiBank | Effective March 9 for an initial 30 days, Citibank customers can contact the bank for assistance with: Waivers on monthly service fees, for both regular and small business customers, Waived penalties for early CD withdrawal, for both regular and small business customers, Fee waivers on remote deposit capture for small business customers, Some credit card customers may be eligible for credit line increases and collection forbearance programs, Some mortgage customers may be eligible for a hardship program through Cenlar FSB, the bank’s service provider | Call Cenlar FSB at 855-839-6253 Mon–Fri, 8:30 a.m.–8 p.m. ET or Sat, 8:30 a.m.–5 p.m. ET |
8 | Discover it Cash Back | Avoid interest chargers for 14 months with this card that offers a high cash back rate. No annual fee. 0% APR for 14 months. 0% APR for balance transfers | Link |
9 | Fifth Third Bank | Special policies are in place to help address COVID-19-related hardship related to auto loans, credit card balances and loans secured by real estate. You will need to contact us to participate in these relief efforts. | Link |
10 | HSBC USA | Bank relationship managers are available to discuss available assistance programs. Customers who have been impacted by the coronavirus and need support are invited to chat online or to call HSBC at 866-949-2351. To learn about mortgage or home equity line of credit assistance programs that may be available, customers can call 855-806-4657 to speak with a relationship manager. | Link |
11 | Huntington | Banking customers with a financial hardship related to family illness or workplace closures due to COVID-19 can contact the bank for more information about its Consumer Payment Deferral Program, which offers a payment deferral for up to 90 days with no credit bureau impact. Assistance is available for payments in the following categories: homeowner, personal credit line, auto loan, consumer loan, credit card and debit card. Contact phone numbers are provided on Huntington’s coronavirus help page Beginning in March 2020, Huntington is suspending charging late fees on consumer loan payments, will not initiate new repossession actions relating to Huntington-financed vehicles, RVs or marine craft and will suspend foreclosure actions on residential properties, through the end of March. Possible extensions of these programs will be considered. Small business owner customers who experience a financial hardship related to family illness or workplace closures due to COVID-19 should contact Huntington to receive a 90-day business credit card payment deferral with no credit bureau impact. Beginning in March 2020, Huntington is suspending charging late fees on business loan payments through the end of March; this program may be extended. | Link |
12 | PNC | the bank encourages customers encountering hardship to reach out to the bank directly; assistance will be addressed on a case-by-case basis. Customers affected by the virus who are encountering hardship can call 888-762-2265 (Mon-Fri 7 a.m.–10 p.m. ET or Sat-Sun 8 a.m.–5 p.m. ET) to discuss options. | Link |
13 | Santander Bank | For existing small business clients, Santander is offering a number of relief options, including extensions and payment deferral accommodations. | Link |
14 | TD Bank | Any customer affected financially by COVID-19 can call 888-751-9000 to see what support the bank may offer. | Link |
15 | Truist | Customers experiencing financial hardship due to the coronavirus will be provided payment relief on consumer loans, personal credit cards, business credit cards and business loans. The bank is also temporarily waiving ATM surcharge fees to help consumers and businesses access cash. Customers who use their BB&T and SunTrust credit cards for qualifying purchases at grocery stores and pharmacies will receive 5% cash back through April 15. | Link |
16 | US Bank | US Bank Visa Business Platinum Card has 0% introductory APR on purchases and balance transfers for 20 billing cycles, and thereafter a cariable rate, currently 9.99% to 17.99% Quick Loan (general business purpose): $5,000 to $250,000 with terms from 12 to 84 months at an interest rate 2% lower than the standard rate for which the business would qualify. Cash Flow Manager (secured & unsecured): An on-demand line of credit of $10,000 to $250,000 at an interest rate 1% lower than the standard rate for which the business would qualify. | Link |
17 | Wells Fargo | The company also is offering fee waivers, payment deferrals and other expanded assistance for credit card, auto, mortgage, small business and personal lending customers who contact the company. Resources will be deployed to meet the urgent needs of small businesses, $2 million of which will focus on the deployment of flexible capital in collaboration with Opportunity Fund and will also provide immediate cash boosts and financial coaching support of entrepreneurs and their low-wage workers in coordination with SaverLife. | Link |
| A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | AA | AB | AC | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1 | Status | State | City/County | Program | Type | Max Amount | Requirements | Link | Notes | ||||||||||||||||||||
4 | Open | AK | All | Amber Grant for Women | Grant | $4,000 | - Must be a woman-owned business in AK | Link | $15 application fee | ||||||||||||||||||||
5 | Open | AK | Fairbanks | CITY OF FAIRBANKS BUSINESS RELIEF GRANT | Grant | $100,000 | - Businesses with a 2020 City business license as of April 30 - Nonprofit Organizations | Link | Application closes 9/30/20 | ||||||||||||||||||||
6 | Open | AL | Birmingham | Emergency Loan Fund | Loan | $25,000 | • Fewer than 50 employees • Must use the loan to prevent layoffs, offer sick pay, or offset other types of COVID-19 related losses | Link | |||||||||||||||||||||
9 | Open | AL | All | NORTHWEST ALABAMA COUNCIL OF LOCAL GOVERNMENTS REVOLVING LOAN FUNDS | Loan | $20,000 | Small businesses, with less than 500 employees, located within the NACOLG region of Lauderdale, Colbert, Franklin, Marion and Winston Counties, who have been affected by the Coronavirus. | Link | |||||||||||||||||||||
12 | Open | All | All | Yelp Advertising Support | Grant | See notes | - Must have fewer than five locations - Must be a restaurant that offers delivery/takeout or a nightlife business | Link | $100 in free search advertising, free Yelp Reservations/Waitlist use for three months | ||||||||||||||||||||
17 | Temporarily Closed | All | All | Nav's Small Business Grant | Grant | $10,000 | 1. Be a Nav customer or sign up for a free Nav Account. 2. Post on your business’s Facebook, Instagram, or LinkedIn account, like and tag Nav explaining: What your business does and a challenge you overcame or continue to struggle within your business. What you’ll do with the grant funds Bonus points: include a photo of you in action at work. You may write about your challenge, produce a video, do a recording, etc. Get creative, and encourage your friends and family to like and share your post! Read our instructions below about how to tag Nav on your business’s Facebook, Instagram, or LinkedIn account. 3. Send us the URL of your business’s Facebook, Instagram, or LinkedIn account post by filling out this really short form. 4. Agree to let Nav use the content you write on our blog along with your business name (it’s free promotion for your business!) | Link | Applications accepted until 9/1/20 | ||||||||||||||||||||
21 | Open | All | All | GoFundMe Small Business Relief Fund | Grant | TBD | Make sure you add the hashtag #SmallBusinessRelief to your fundraiser story Fill out this form to confirm your small business Raise $500 from your friends, families, and other connections Be sure the business owner is set up to receive the funds from the fundraiser, if you’re not raising money for your own business. Select the “Withdraw” option in the GoFundMe dashboard to make sure this is set up | Link | Businesses may set up a GoFundMe and, if they receive at least $500 and meet the criteria, may receive matching funds | ||||||||||||||||||||
22 | Open | All | All | Open Road Alliance | Loan | $50,000 | - $50,000 loan to organizations with annual revenues of $1 million or less - 1-2% simple interest - Final principal repayment due by December 31, 2020 | Link | For organizations losing revenue due to rescheduling/postponing events | ||||||||||||||||||||
23 | Open | All | All | Hello Alice Business for All Grant | Grant | $50,000 | 1. Must be a legal resident of the U.S., excluding Puerto Rico. 2. At least 18 years of age or older. 3. Must be a legal for-profit business entity based in the U.S. 4. Applicant must be the business owner who is the Founder and/or leading executive (President, CEO, CFO, COO, or any such other similar title.) | Link | One $50,000 grant, two $25,000 grants, twelve $10,000 grants | ||||||||||||||||||||
25 | Temporarily Closed | All | All | The Red Backpack Fund | Grant | $5,000 | Must be a majority woman-owned business or nonprofit with annual revenues less than $5M, at least one additional paid employee, and fewer than 50 individuals on staff. Sole proprietors are not currently eligible to apply. Businesses must be in good standing and incorporated as a legal entity, and be able to demonstrate that the Covid-19 pandemic is causing hardship. | Link | Rounds for applications open 5/4, 6/1, 7/6, and 8/3.Can sign up to receive email notification in link. | ||||||||||||||||||||
26 | N/A | All | All | Main Street Business Lending Program | Loan | $250,000 - $3,000,000 | 15,000 employees or fewer OR less than $5 billion in revenues in 2019 | Participating Lenders | You will need to reach out to a participating lender in your area. Link to lenders | ||||||||||||||||||||
28 | Open | All | All | Craft Emergency Relief Fund | Grant | TBD | Must be an established artist working in a craft discipline. | Link | |||||||||||||||||||||
29 | Open | All | All | Foundation for Contemporary Arts | Grant | Varies | For experimental artists who have been empacted by the economic fallout from postponed or canceled performances and exhibitions. - Artists making work of a contemporary, experimental nature - Demonstrate that you've had an engagement canceled or postponed due to COVID-19 | Link | Application closes 12/1/20 | ||||||||||||||||||||
31 | Open | All | All | Sweet Relief Fund | Grant | Varies | For musician or music industry workers. See link for additional specifications | Link | |||||||||||||||||||||
32 | Open | All | All | Musicians Foundation | Grant | $300-$3000 | You must have worked in the US as a professional musician for at least 5 years | Link | |||||||||||||||||||||
33 | Open | All | All | National Association for the Self-Employed (NASE) Grant | Grant | $4,000 | - Growth Grant applicants must be a member in good standing for 3-months prior to submitting an application. (Annual members may apply immediately. Monthly members may apply ninety days after joining the NASE.) - Demonstrate a business need that could be fulfilled by the grant - Provide a detailed explanation of how you will use the grant proceeds - Show how the grant will improve your business growth and success - Offer supporting documentation such as a résumé and business plan | Link | |||||||||||||||||||||
34 | Open | All | All | Fast Start Loan Fund via AltCap | Loan | $20,000 | • Must have sufficient cash flow to support a monthly loan payment • No bankruptcies in the past 24 months • Have no late payments on rent or mortgage within the past 12 months | Link | |||||||||||||||||||||
35 | N/A | All | All | Opportunity Fund | Loan | TBD | Link | ||||||||||||||||||||||
39 | Open | All | All | Restaurant Workers' Community Foundation COVID-19 Emergency Relief Fund | Loan | Criteria for loans to restaurants being established, check the link for updates | Link | ||||||||||||||||||||||
40 | Open | All | All | Clio Relief Funds | Offset Sofware Cost | Must be current Clio user | Link | ||||||||||||||||||||||
41 | Open | All | All | Kiva | Loan | $15,000 | - Must be living in the US - Must be at least 18 - Must use the loan for business purposes | Link | |||||||||||||||||||||
43 | Temporarily Closed | All | All | LiftFund Disaster Relief 2020 Loan Program | Loan | $50,000 | - Business must be in operation as of August 1, 2019 - Business has experienced a decrease in revenue by at least 15% as a result of COVID-19 - Business owners are able to have a consultation reviewing a six month recovery plan and working capital plan - Applicant must be able to properly cover expenses and new loan payment - Must be in good standing with creditors for the past six months | Link | |||||||||||||||||||||
44 | N/A | All | All | TruFund Small Business Relief Fund | Grant | $10,000 | TBD | Link | |||||||||||||||||||||
47 | Open | All | All | Amber Grant for Women | Grant | $10,000 | - Must be a woman-owned business | Link | Next deadline is 9/30/20 | ||||||||||||||||||||
48 | Open | All | All | 8 Trill Pils Fund | Grant | TBD | Specific criteria to follow, but grants will be awarded to brewers with diverse backgrounds | Link | |||||||||||||||||||||
49 | Open | AR | All | Arkansas Ready for Business Grant Program | Grant | $100,000 | - Must be for expenses associcated with ensuring the health and safety of employees and patrons | Link | |||||||||||||||||||||
50 | Open | AR | Little Rock | Small Business Emergency Assistance Program | Loan | $5,000 | - Business must be registered in Little Rock - See link for other criteria | Link | |||||||||||||||||||||
52 | Open | AZ | All | Kiva Tucson (Growth Partners Arizona) | Loan | $15,000 | - At least 18 years old - Not in current bankruptcy or foreclosure - Not a franchise or multi-level marketing - Loan is for a legal business | Link | |||||||||||||||||||||
53 | Open | AZ | All | Small Business Success Loans (Growth Partners Arizona) | Loan | $75,000 | - Do business in Arizona (valid business license and be in good standing with the state of Arizona) - Annual revenues in excess of $50,000 - In business for at least two tax filing periods; no start-up businesses - Minimum FICO score of 660 - Priority is given to businesses located in CDFI investment areas | Link | |||||||||||||||||||||
54 | Open | AZ | All within applicable states | WaFd Bank Small Business Lifeline | Loan | $200,000 | • Businesses that have seen a 10% or greater drop in revenue. • Subject to approved credit. • Requires WaFd Checking account. | Link | |||||||||||||||||||||
55 | Open | AZ | Tucson | Tucson Resiliency Loan | Loan | $25,000 | - Must be located within Tucson city limits | Link | |||||||||||||||||||||
56 | Open | AZ | Phoenix | Small Business Relief Grants | Grant | $10,000 | - Gross total sales declined by at least 25% as a result of COVID-19 in March or April 2020, when compared to March or April 2019. - In operation in the city of Phoenix prior to January 1, 2019. - No more than 25 employees as of March 1, 2020. - No more than $3 million in gross total sales between January 1, 2019 and December 31, 2019. - Applicant's business address is located in a low-income census tract or on a street bounding a low-income census tract. What is a low-income census tract? - Ability to provide documentation to verify the economic hardship suffered as a result of the COVID-19 crisis, including tax returns, financial statements, and other financial data. - Ability to share with City of Phoenix or Phoenix IDA information demonstrating the economic impact of this grant program, including but not limited to, jobs retained, jobs created, increased sales, and access to capital. - Applicant has not previously accepted funds from the Phoenix IDA Small Business Grant program or any City of Phoenix Resiliency Grant. | Link | |||||||||||||||||||||
57 | Open | AZ | Phoenix | Microbusiness Resiliency Grants | Grant | $5,000 | - Currently operate a physical/mobile location in the city of Phoenix. - The location must have been open in Phoenix since January 1, 2019. - Have experienced a gross sales decline of at least 25% as a result of COVID-19 in March or April of 2020, when compared to March or April of 2019. - No more than five (5) employees as of March 1, 2020. - No more than $1 million in gross total sales between January 1, 2019 and December 31, 2019. - Ability to share the financial impact of this grant on their business. - Not have previously been awarded funds from the Phoenix Small Business Relief Grant Program or any City of Phoenix Resiliency Grant. | Link | |||||||||||||||||||||
63 | Open | AZ | Maricopa County | Maricopa County Small Business/Nonprofit Relief Grants | Grant | $25,000 | - In operation in Maricopa County prior to January 1, 2019. - Employs 50 or fewer full-time equivalents as of March 1, 2020. - Did not generate more than $5 million in gross revenues between January 1, 2019 and December 31, 2019. - Gross revenues declined by at least 25% as a result of COVID-19 from March through June 2020 as compared to March through June 2019. - Meets required zoning and regulatory requirements including: Having the proper zoning entitlements. Not having any active enforcement actions against the applicant by Maricopa County or their respective city/town government. Being in substantial compliance, meaning that the County or respective city/town has not taken any enforcement action authorized by law for any deficiencies. Is in good standing with the Arizona Corporation Commission. - Complies with the following provisions: Not an adult-oriented business as defined by A.R.S. § 11-811 (E)(5). Not engaged in the growth, harvest, storage, transport, distribution, use or otherwise providing cannabis for medical or recreational purposes. Not owned, in whole or part, by a Maricopa County official or employee who, in their official capacity, participates in the oversight, development or implementation of the Maricopa County Small Business/Nonprofit Relief Program. | Link | Application open until 10/30/20 | ||||||||||||||||||||
64 | Open | CA | San Bernardino County | COVID-Compliant business Partnership Program | Grant | $2,500 | - 100 or fewer full-time employees - Must demonstrate a commitment to complying with state/county public health orders | Link | Application deadline is 10/31/20 | ||||||||||||||||||||
65 | Open | CA | All | California Capital Access Program (CalCAP) | Loan | $5,000,000 | Link | Encourages banks and other financial institutions to make loans to small businesses that have difficulty obtaining financing. If you own a small business and need a loan for start-up, expansion or working capital, you may receive more favorable loan terms from a lender if your loan is enrolled in the CalCAP Loan Loss Reserve Program. This program helps communities by providing financing to businesses that create jobs and improve the economy. Loans are available up to $5 million. | |||||||||||||||||||||
67 | Open | CA | All | Jump Start Loan Program | Loan | $100,000 | Link | IBank is offering loans from $500 to $10,000 to low-wealth entrepreneurs in the declared disaster and emergency areas through its Jump Start Loan Program. IBank established the Jump Start Loan Program in 2016 as a small loan and financial literacy/technical assistance program designed for low-income small businesses in low-wealth communities, including businesses owned by women, minorities, veterans, people with disabilities and those previously incarcerated. Access to IBank’s Disaster Relief Loan Guarantee Program and Jump Start Loan Program can be made through its partner Financial Development Corporations (FDCs) | |||||||||||||||||||||
68 | Open | CA | All | California Small Business Loan Guarantee Program & Disaster Relief Loan Guarantee Program | Loan Guarantee | $20 million | Small Businesses located in California with 1-750 employees, Eligible Nonprofits. | Contact one of these FDCs | Qualifying small business owners may apply for a loan guarantee or get additional information by contacting one of the participating Financial Development Corporations (FDCs) from the list below. | ||||||||||||||||||||
69 | Open | CA | All | Disaster Relief Loan Guarantee Program (DRLGP) | Loan | $1,000,000 | Link | The Automation Training Incentive Pilot Program | |||||||||||||||||||||
71 | Open | CA | Los Angeles | City of Los Angeles Small Business Emergency Microloan Program | Loan | $20,000 | • Have “reasonable and responsible” individual credit history • Commit to use the loan for working capital only • Business is located within the City of Los Angeles. • If you own 20% or more of the business, you must guarantee the loan. | Link | |||||||||||||||||||||
72 | Open | CA | All | Work Sharing Program | Other | • Must be a legally registered business in CA. • Have an active CA state employer account number. • At least 10 percent of the employer's regular workforce or a unit of the workforce, and a minimum of two employees, must be affected by a reduction in hours and wages. • Hours and wages must be reduced by at least 10% and not exceed 60%. • See link for other requirements. | Link | ||||||||||||||||||||||
73 | Open | CA | Los Angeles, Ventura county | Jewish Free Loan Association | Loan | $3,000 | • You are a US citizen with a social security number. • You are a resident of Los Angeles county or Ventura county only. • You are at least 18 years old. • You have a state-issued California ID. • You have a steady source of income or you are a fulltime student seeking a student loan. • You can demonstrate a need for a loan. • You have one or two guarantors to secure your loan. • You can supply all the documentation required. | Link | |||||||||||||||||||||
74 | Open | CA | San Diego | Small Business Stimulus Grant | Grant | TBD | Pprivate for-profit and non-profit businesses headquartered and operating in San Diego County that experienced financial hardship as a result of COVID-19 may apply; Businesses must have 100 or less employees and a minimum one-year operating history | Link | |||||||||||||||||||||
77 | Open | CA | Orange County | SafeDineOC | Grant | $1,000 | Eligible restaurants must “have had no major violations from the last health inspection and comply with COVID-19 guidlines | Link | The application period for the grant program begins August 6, 2020 and ends in 60 days, or whenever funding is fully allocated, whichever occurs first. | ||||||||||||||||||||
80 | Open | CA | Madera County | MCEDC Small Business Pandemic Assistance Grant | Grant | $10,000 | • Applicants must have 50 full time employees or less. Self-employed business owners are eligible. • Cannot have received funding via the PPP or any other CARES Act funding • No outstanding local, state, federal tax liens or judgments • No bankruptcies within the last (3) years | Link | 9/17: Deadline extended | ||||||||||||||||||||
81 | Open | CO | Denver | Small Business Emergency Relief | Grant | $7,500 | TBD | Link | |||||||||||||||||||||
83 | Open | CO | Glenwood Springs | Revolving Loan Fund | Loan | $40,000 | • Registered with CO Sec of State and hold active business license in Glenwood Springs. Gross revenue < $1 million • Fewer than 50 employees • Not a marijuana retailer | Link | |||||||||||||||||||||
86 | Open | CO | Greenwood Village | GV Cares | Grant | $20,000 | - A for-profit business with a physical address (mailboxes not applicable) within the City of Greenwood Village which is currently licensed with the City of Greenwood Village and in good standing with the City (e.g., no liens, judgments, code violations, etc.) - A privately held, non-publicly traded business - Business licensed or in operation prior to March 17, 2020 - A business with primary in-person customer interactions with 1 to 100 Full Time Employees (FTE) positions pre-pandemic (owners who remit occupational privilege tax (OPT) are considered an employee of the business) - Business has been forced to temporarily close or forced to limit operations due to the Public Health Orders related to the COVID-19 public health crisis - Able to certify economic injury in revenue losses during the COVID-19 pandemic and a need for a grant to help mitigate the economic injury | Link | |||||||||||||||||||||
87 | Open | CO | Numerous rural counties | Community Development Block Grant Program | Loan | $100,000 | • Loan requests are submitted to the regional BLF Directors in their respective regions. • These loans may be used to start a business, expand or stabilize an existing business. • Usually, there is a job retention or job creation requirement of one job for each $20,000 in loan funds requested. • At least 51 percent (51%) of all of the jobs created and/or retained must generally be filled with persons that qualify as low to moderate income persons. • A business plan, pro forma projections, and historical and recent financial statements are requirements of the application process, in addition to other necessary information. • Subject to Governor’s Financial Review Committee approval and funds availability. | Link | |||||||||||||||||||||
91 | Open | CO | El Paso | Pikes Peak Enterprise Zone (EZ) Business Relief Fund | Grant | $7,500 | - Must have been negatively impacted by COVID-19 - Must be located in Pikes Peak EZ | Link | |||||||||||||||||||||
92 | Open | CO | All | Colorado Microloans Program | Loan | $50,000 | - The borrower can have no more than 15 employees at the time the loan is made. - The borrower must be documented by the lender as an “underserved small business.” - The borrower is a for-profit entity located in Colorado with a majority of employees working in Colorado. - In the judgment of the lender, the borrower has substantial possibility to become a viable business with the potential to create good jobs. - The borrower must meet the underwriting standards of the lender. | Link | |||||||||||||||||||||
95 | Open | CO | All | Energize Colorado Gap Fund | Grant | $15,000 | - Must have fewer than 25 employees - Priority given to Black, Indigenous, People of Color, Veteran-owned, Woman-owned or rural businesses | Link | Next round opens 10/5/20 | ||||||||||||||||||||
96 | Open | CO | All | Energize Colorado Gap Fund | Loan | $20,000 | - Must have fewer than 25 employees - Priority given to Black, Indigenous, People of Color, Veteran-owned, Woman-owned or rural businesses | Link | Next round opens 10/5/20 | ||||||||||||||||||||
97 | Open | CO | Loveland | Loveland Business Rent and Mortgage Relief Program | Grant | $7,500 | - Businesses must be a registered Colorado small businesses or sole proprietorships, including LLCs, S-Corps, independently owned franchises and other business types; - Businesses must demonstrate economic hardship caused by the COVID-19 pandemic; - Businesses must operate within Loveland’s city limits; - Businesses must have 100 or fewer full time equivalent (FTE) employees; - Businesses must be current on all payments to the City of Loveland, including but not limited to sales tax, lodging tax and water and electric utility payments. - Businesses must not have received rental assistance through the separate Loveland Downtown Development Authority rent aid program. | Link | |||||||||||||||||||||
98 | Open | CO | Loveland | City of Loveland Small Business Assistance Program | Grant | $5,000 | - Small businesses that have been mandated to close or restrict their operations: Restaurants and Bars Breweries, Wineries and Distilleries Gyms and Fitness Studios Personal Services & Spas Independently-owned Retail (<10,000 s.f.) Arts, Creative, and Entertainment Industries Accommodations and Hospitality Other industries to be considered on a case-by-case basis - For-profit entity (i.e., partnership, corporation, LLC, etc.) - Can demonstrate significant financial loss due to COVID-19 restrictions (i.e. have incurred an annualized revenue loss of at least 20 percent due to the COVID-19 pandemic.) - Business must operate within the City Limits. (Click here to see the current City boundaries) - Corporately-owned franchises or publicly traded companies are not eligible - Have 50 or fewer full time equivalent (FTE) employees. - For those who are not current on all payments to the City of Loveland, (including, but not limited to sales/lodging taxes, water utility payments, and electric utility payments) the amount of past due balance will be applied from the award. Please note, you may be required to provide additional documentation to the City. | Link | |||||||||||||||||||||
99 | Open | CO | Centennial | Centennial CARES: Small Business Grants | Grant | $20,000 | - Applicant must have been in operation, with a physical presence in Centennial prior to pandemic (approximately March 16, 2020) - Nonprofit applicants must hold a 501(c)(3), 501(c)(4), 501(c)(6), or 501(c)(7) status and have a Certificate of Good Standing from the Colorado Secretary of State - Applicant must obtain a Centennial Business Registration/Sales Tax License prior to issuance of Round 2 grant if they do not already have one - Applicant is in good standing with the City of Centennial (tax returns, code violations, etc.) 1-100 full-time equivalent (FTE) positions prior to COVID-19 pandemic - Applicant has been impacted due to the Public Health Orders related to the COVID-19 public health crisis - Applicant can provide an estimate of gross revenue loss greater than or equal to Round 2 grant amount and other CARES Act-related grants | Link | |||||||||||||||||||||
100 | Open | CO | Douglas County | Restaurant and Event Venue Impact Grant Program | Grant | $200,000 | - A physical location in unincorporated Douglas County or one of its municipalities. Businesses with more than one location in the County may apply for each location. - 200 or fewer employees - Ability to demonstrate business interruption impacts from COVID-19 public health orders through reductions in annual gross revenue in 2020 as compared to 2019 - Must be registered and in good standing with the Secretary of State’s Office - Must be a for-profit business - Must be current on applicable County taxes. Certifications of Taxes Due are available at https://apps.douglas.co.us/treasurer/treasurerweb/search.jsp?guest=true | Link | Deadline is 12/30/20, or until funds are depleted | ||||||||||||||||||||
101 | Open | CO | Arapahoe County | Small Business Relief Fund Grant | Grant | $7,000 | You are not eligible for this grant program if your business already received 2020 CARES Act funding from either Arapahoe County or any of our municipalities, - The following business types are eligible to apply for this funding, consistent with state statute: Restaurants Bars (includes establishments like a winery, brewery, distillery, etc.) Caterers Movie Theatres Gyms & Recreation Centers (indoor gyms, recreation centers, bowling alleys, indoor sports facilities, and those facilities that host indoor fitness classes or have pools) - Receipts less than $500,000 are eligible for a maximum payment of $3,500 - Minimum of 20% revenue loss (compared to 2019 receipts) or is a business opened between Jan. 1 and March 26, 2020 - Currently operating within Arapahoe County (including one of the 13 municipalities) - Commitment to operate for the next six months by self-affirmation - Valid business license and in good standing with issuing agency or a Certificate of Good Standing - Cannot also receive funding from “Arts Relief Program” or the “Minority Owned Business Relief Program” established by SB20B-001. - Qualifies as a “Small Business” by meeting the following criteria in the bill: Headquartered and operating in Colorado Minimum of one full-time employee or a sole proprietorship Less than $2.5 million in annual revenue/receipts | Link | Deadline is 1/31/21, BUSINESSES WHO HAVE RECEIED CARES ACT FUNDING ARE NOT ELIGIBLE | ||||||||||||||||||||
102 | Open | DE | All | Hospitality Emergency Loan Program (HELP) | Loan | $10,000/mo | • In the hospitality industry. • Must have been open at least one year • Cannot have more than $1.5 million in annual revenue • Must operate under a specific NAICS code | Link | |||||||||||||||||||||
104 | Open | DE | Wilmington | Citywide Emergency Small Business Relief Fund | Grant | $1,000 | - Your business is located within the administrative boundaries of the City of Wilmington. Please see the map > to determine if your location is eligible. - No Air BnBs, corporate or franchised businesses, insurance companies, property management companies or check cashing businesses are permitted to apply. - Only one business per address is permitted to apply. - One Business Owner can not apply for funding for more than 2 separate business locations. - Must complete an application including providing your current business license, W9 form, and documentation regarding your proposed bill payment. - Cannot make more than 1 million in annual revenue. | Link | |||||||||||||||||||||
105 | Open | FL | Orlando | Business Assistance Program | Grant | $20,000 | - Business must be located within city limits or locating to the City of Orlando. - Applicants must be a new, for-profit business or an expanding, existing for-profit business in the City of Orlando. Business must be a small business as defined by the U.S. Small Business Administration. - Existing business owners must possess a current City of Orlando Business Tax Receipt. New business owners must obtain a City of Orlando - Business Tax Receipt within 90 days of agreement execution. - Applicants must obtain a Building Permit for all corresponding proposed work for which fees have been assessed. All work must meet the requirements of the City of Orlando Applicable Codes. - All applications must be submitted prior to the issuance of building permits. No grants will be awarded retroactively. - All applicants must be in compliance with applicable city departments. | Link | |||||||||||||||||||||
106 | Open | FL | All | Florida Small Business Emergency Bridge Loan Program | Loan | $10,000 | • Applications will be accepted by qualified for-profit, privately held small businesses that maintain a place of business in the state of Florida. • All qualified applicants must have been established prior to March 9, 2020, • Suffered economic injury as a result of the designated disaster. • Qualified small business applicants must be a business with 2 to 100 employees. | Link | |||||||||||||||||||||
111 | Open | FL | Lee County | Business Rehire Program | Grant | $5000 per rehired employee | - Intended to help businesses rehire employees who lost their job because of COVID-19 - Funds can only be used for operating expenses not covered by other resources. - Employees must have been rehired on or after July 6, 2020 to be elligible. - Businesses currently receiving the federal Paycheck Protection Program (PPP) funding are not eligible. Those whose PPP covered loan period has expired are eligible. - Business must have 250 or fewer employees, and the business owner must be a Lee County resident. 501(c)3 or 501(c)19 are also eligible for this program. | Link | |||||||||||||||||||||
113 | Open | FL | Escambia, Santa Rosa, Okaloosa, Walton, Holmes, Jackson, Washington, Calhoun, or Bay county | Northwest Florida Small Business COVID-19 Recovery Grant Program | Grant | $5,000 | -Between 2-10 employees-An ability to demonstrate at least 25% sales reduction due to the effects of COVID-19-Must be a for-profit, privately held small business established before January 1st, 2019 | Link | |||||||||||||||||||||
115 | Open | FL | Desoto County | COVID-19 Relief Program | Grant | $10,000 | • Up to $10,000 in assistance to help cover employee wages, vendor bills, rent/mortgage payments, personal protective equipment and other related expenses. • Assistance is targeted specifically to help local, independent brick and mortar businesses negatively impacted as a result of COVID-19. • Non-essential businesses forced to close will receive priority • One-time grants, ranging from $2,000-$10,000 per business, based on business size • Has at least 1, but no more than 25 employees, including the business owner | Link | Application closes 8/28/20. Update: application is still up as of 9/17/20. | ||||||||||||||||||||
122 | Open | HI | Honolulu | Small Business Relief and Recovery Fund | Grant | $10,000 | • Must be located in city and county of Honolulu • Less than $1M in annual gross revenue and 30 or fewer employees | Link | |||||||||||||||||||||
123 | Open | IA | All | Voluntary Shared Work Program | Other | Link | The program is intended for use as an alternative to layoffs and can be an effective tool for Iowa businesses experiencing a temporary decline in regular business activity. Approved VSW plans may be valid for up to one year from the plan’s starting date. | ||||||||||||||||||||||
124 | Open | ID | All within applicable states | WaFd Bank Small Business Lifeline | Loan | $200,000 | • Businesses that have seen a 10% or greater drop in revenue. • Subject to approved credit. • Requires WaFd Checking account. | Link | |||||||||||||||||||||
126 | Open | IL | See list of (ineligible counties) at the link --> | Downstate Small Business Stabilization Program | Grant | $25,000 | Local governments can apply on behalf of businesses with 50 employees or less. Only units of local government recognized by the Illinois Constitution and able to support economic development activities on a sufficient scale are eligible to apply for Economic Development grant funding. This includes cities, villages, and counties. Municipalities must not be a HUD direct Entitlement community or be located in an urban county that receives "entitlement" funds. | Link | |||||||||||||||||||||
127 | Open | IL | All | Illinois Small Business Emergency Loan Fund | Loan | $50,000 | Businesses located outside of the City of Chicago with fewer than 50 workers and less than $3 million in revenue in 2019 will be eligible to apply. Successful applicants will owe nothing for six months and will then begin making fixed payments at a below market interest rate for the remainder of a five-year loan term. | Link | |||||||||||||||||||||
128 | Open | IN | All | Small Business Restart Fund | Grant | $10,000 | - Business must be registered to operate in Indiana - Business must have had less than 50 employees at of 12/31/2019 - Business must have had less than $5 million in revenue in 2019 - Business must have been profitable in 2019 - Businesses must demonstrate a monthly revenue loss of at least 40% compared to pre-COVID-19 revenues - Business must not have used funding from the Paycheck Protection Program (PPP), Economic Injury Disaster Loan (EIDL), or Community Development Block Grant (CDBG) | Link | Applications close 9/30/20 | ||||||||||||||||||||
129 | Open | IN | Adams, Allen, DeKalb, Elkhart, Grant, Huntington, Kosciusko, LaGrange, Noble, St. Joseph, Steuben, Wells, and Whitley County | BrightPoint Fort Wayne | Loan | Those who own or intend to establish a for-profit business or non-profit childcare in Northeast Indiana. Provides alternative financing for customers who are unable to borrow from traditional lenders due to past credit problems or are needing only a small amount of capital. Financing is provided as a personal or business loan. Loan approval is based on business plan, current ability to repay the loan, credit history, collateral, and business history. Not had a bankruptcy within the last 12 months | Link | ||||||||||||||||||||||
130 | Open | IN | All | CIFI Community Investment Fund of Indiana | Loan | $250,000 | A certified Community Development Financial Institution (CDFI) is a specialized financial institution that works in market niches that are underserved by traditional financial institutions. CDFIs provide a unique range of financial products and development services in underserved economically distressed target markets, such as financing for low-income multi-family housing development, community facilities, and business loans. | Link | |||||||||||||||||||||
132 | Open | IN | Marion, Boone, Hamilton, Madison, Hendricks, Hancock, Shelby, Johnson, and Morgan counties. | Indy Chamber Business Ownership Initiative, the Central Indiana Women's Business Center, and the Hispanic Business Council | Loan | $50,000 + | Businesses that reside in Marion, Boone, Hamilton, Madison, Hendricks, Hancock, Shelby, Johnson, and Morgan counties. | Link | |||||||||||||||||||||
133 | Open | IN | All | Grow Local Lending COVID-19 Business Recovery Loan Program | Loan | $7,500 | Loans range from $5,000 to $7,500. Companies MUST have had less than 25 full-time employees (FTEs) prior to COVID-19 restrictions and can show they have been negatively impacted as a result of COVID-19. | Link | |||||||||||||||||||||
138 | Open | KS | Topeka and Shawnee County | HOST - Topeka & Shawnee County Relief Program | Grant | $5,000 | • Must be a for-profit, privately held small business that maintains a place of business in Shawnee County. • Must have been established at least 6 months prior to March 13, 2020, the date of the designated disaster. • Must be able to demonstrate economic injury as a result of the designated disaster (business slow or stop, employee layoff, etc.). • Must provide detailed information and bills and outline use of proceeds directly related to the economic injury caused by COVID-19. | Link | Deadline is 10/15/20 | ||||||||||||||||||||
139 | Open | KS | Kansas City | KC Region Small Business Relief + Recovery Loan Fund | Loan | $50,000 | • Small businesses deemed “non-essential”. These businesses are generally described as follows: retail, food service, bars and nightclubs, entertainment, personal service, hospitality, healthcare not directly involved in the COVID-19 response, transportation, and fitness industries; • Based and located in the Kansas City region. Priority will be given to businesses in Wyandotte County, Kansas and Jackson County, Missouri; • Have <20 Full-Time Equivalent employees; • Have $2.5 million or less in annual revenue; • Other criteria may apply. | Link | |||||||||||||||||||||
144 | Open | KY | Louisville | JFC Micro-Business Bridge Loans | Loan | $3,000 | - Sole proprietors and businesses with fewer than five employees - Owner’s household income is at or less than 80 percent AMI - Business open at least six months - Demonstrable losses due to COVID-19 | Link | Eligibility criteria does not actually specify a business must be located in Louisville, but the assumption was made based on the fact that the loan program is funded by Metro Louisville | ||||||||||||||||||||
147 | Open | KY | Louisville and Jefferson county | Small Business COVID-19 Relief Grants | Grant | $50,000 | • Businesses with 20 employees or fewer as of March 16, 2020 • Non-retail businesses with 50 employees or fewer that have remained closed or whose business activity have been severely restricted under state executive order dated March 25, 2020 • Businesses that have been negatively impacted by the COVID-19 pandemic • Businesses must be located in Louisville/Jefferson County • Businesses must be in good standing with Louisville Metro Revenue Commission • Business must be in "active" standing with Kentucky Secretary of State | Link | Funds must be spent 12/30/20 | ||||||||||||||||||||
149 | Open | LA | All | Loan Portfolio Guaranty Program | Loan | $100,000 | - Employ under 100 workers, including farmers and fishermen | Link | |||||||||||||||||||||
153 | Open | MA | Boston | Theatre Community Benevolent Fund | Grant | TBD | All active individual theater practitioners and all operational, non-profit organizations of Greater Boston and surrounding areas. | Link | |||||||||||||||||||||
155 | Open | ME | All | Tax Relief for Telework During the COVID-19 Emergency Period | Other | N/A | See link for descriptions of various types of tax relief afforded to employers and individuals | Link | |||||||||||||||||||||
158 | Open | MN | All | Penalty Abatement for Businesses | Other | N/A | Businesses may request an abatement of a penalty or interest of a penalty (but not the tax or interest on the tax). See link for details. | Link | |||||||||||||||||||||
159 | Open | MD | All | Advantage Maryland (MEDAAF) | Loans and Grants | Projects must be within Priority Funding Areas and eligible industry sectors. | Link | A flexible and broad-based program, Advantage Maryland (also known as MEDAAF) funds grants, loans and investments to support economic development initiatives. Uses include business attraction and retention, infrastructure support, brownfield redevelopment, arts and entertainment districts, daycare, revolving loan funds and local strategic planning. | |||||||||||||||||||||
160 | Open | MD | All | Economic Development Opportunities Program Fund (Sunny Day) | Loans and Grants | Participants must provide a minimum capital investment of at least five times the amount of the Sunny Day assistance. Applicants must possess a strong balance sheet and be credit worthy. | Link | The Sunny Day fund supports extraordinary economic development opportunities that create and retain employment as well as create significant capital investments. Projects must generate significant jobs in areas of high unemployment; they are evaluated on a competitive basis and must be consistent with the state's strategic economic development plan. | |||||||||||||||||||||
161 | Open | MD | All | Work Share Program | Other | Work Sharing is a voluntary program that provides an alternative to layoffs for employers faced with a temporary, non-cyclical decline in business due to lower economic activity. The program is designed to avoid layoffs by preserving jobs for trained workers. Qualified employers, who participate in Work Sharing, are able to retain an entire employee group by reducing that group's hours of work by a percentage equal to the total reduction of hours that would have been achieved by a layoff. Example: An employer has 20 full-time employees in a unit, each of whom works 40 hours per week. Due to an unexpected reduction in business, the employer must reduce payroll by 25 percent. Instead of laying off 25 percent of the employees, the employer may apply for Work Sharing. If the Work Sharing Plan is approved, affected employees would receive 25 percent of their UI benefits while being paid for hours worked at the Work Sharing employer. When business improves, the employer has retained its trained workforce and may resume normal operations. | Link | ||||||||||||||||||||||
162 | Open | ME | All | Direct Relief Loan Program | Loan | $50,000 | ▪ A Maine-based business experiencing interruption or hardship due to COVID-19. ▪ Demonstrate that other sources of capital have been exhausted. | Link | |||||||||||||||||||||
164 | Open | MI | All | Resilience Microloan and Grant Fund | Grant | $5,000 | • Your business is ready to pivot, reopen and/or accommodate this new business environment. • You have generated business revenue for at least 12 months with a maximum of $500K in annual revenue and you have fewer than 50 employees. • You can demonstrate a negative impact on your business operations due to COVID-19. • You are able to submit a Cash Flow Forecast and Recovery Plan. A template will be provided by Michigan Women Forward within the application. • Michigan-registered and in good standing (provide Certificate of Goods Standing) with priority given to: Businesses located in disadvantaged area within a U.S. Small Business Administration designated HubZone or Opportunity Zone. Check the following maps: HubZones and Opportunity Zones. • (Recommended, Not Required) You are able to provide historical financial statements for your business (i.e. P&L statement). • You are a low-to-moderate income business owner. | Link | |||||||||||||||||||||
166 | Open | MN | All | Minnesota Job Creation Fund | Grant | $1,000,000 | • Be engaged in an eligible business activity • Obtain local government support for their project via council resolution • Invest at least $500,000 ($250,000 for Targeted Populations*) in real property improvements within one year of becoming a designated Job Creation Fund business • Create at least 10 (5 for Targeted Populations*) new full-time permanent jobs within two years of becoming a Job Creation Fund business while maintaining existing employment numbers • Pay at least $13.61 in wages and benefits in 2020, adjusted annually based on 110 percent of federal poverty guidelines. The level will change again on Jan. 1, 2021. • Have other location options outside of Minnesota • Cause no undue harm to Minnesota business competitors • Certify that the project would not occur without Job Creation Fund assistance | Link | Companies deemed eligible to participate may receive up to $1 million for creating or retaining high-paying jobs and for constructing or renovating facilities or making other property improvements. In some cases, companies may receive awards of up to $2 million. | ||||||||||||||||||||
167 | Open | MO | St Louis | Small Business Resource Fund | Loan | $5,000 | - Any for-profit business in the city of St. Louis or St. Louis County that has sustained economic damage due to the COVID-19 crisis may apply. - businesses must be current on all taxes through 2018, be in good standing with state and local governments, and have been in business for at least one year. Applicants must demonstrate that their company’s jobs are threatened by the health crisis, and they must explain how the loan would retain those jobs. | Link | |||||||||||||||||||||
171 | Open | MT | All | Montana Business Stabilization Grant | Grant | $10,000 | · Montana-based company · Registered and in good standing with the Secretary of State or Local Tribal Government · The business had 50 or fewer employees part- or full-time prior to February 15, 2020 · The business sustained a loss of revenue due to COVID-19 since February 15, 2020 · To receive federal funds, may not be a marijuana-based business. | Link | Application deadline is 9/30/20 | ||||||||||||||||||||
172 | Open | MT | All | Montana Loan Deferment Program | Loan | TBD | - The Lender must be an Approved Lender with Montana Board of Investments (MBOI). - The Borrower must be a Montana-based business. Borrower is defined as an individual, corporation, limited liability company, partnership, association or any combination of these if there is common ownership. Including Holding and Operating Companies. [Updated: July 1, 2020] - This program is extended on a per note basis, i.e. Lender’s may fill out an application for each current loan the Borrower would like deferred. - To be eligible, businesses/Borrowers must have: Experienced a reduction of gross revenue of 25% or greater attributable to the direct or indirect impacts from COVID-19; physical presence in Montana; Been no more than 30 days past due as of December 31, 2019; Been current on all other state financial obligations (i.e. income tax, property tax, payroll tax, worker’s comp, child support, etc.) as of March 12, 2020; Good standing with the Montana Secretary of State; and No reasonable access to 12 months of working capital from any other sources. Receipt of Payroll Protection Program, Economic Injury Disaster Loans, or other state grants or assistance programs does not affect eligibility. [Updated: July 1, 2020] | Link | |||||||||||||||||||||
173 | Open | MT | All | Montana Business Adaptibility Grant | Grant | $5,000 | - Montana-based business or nonprofit - In good standing with the Secretary of State or Local Tribal Government - Has incurred costs since March 1, 2020 to adapt to COVID-19 business restrictions | Link | |||||||||||||||||||||
174 | Open | NC | All | NC IDEA | Grant | $50,000 | See link for requirements of various sub-programs | Link | Focused on small business startups | ||||||||||||||||||||
175 | Open | NC | WNC Counties | Emergency and Disaster Response Fund of The Community Foundation of Western North Carolina | Grant | TBD | Business must be tax-exempt as described in Section 501(c)(3) of the Internal Revenue Code, must be located in or serving one or more of the WNC counties, must currently be providing programs and have the ability to respond to significant increase in demand of services, must have a demonstrated track record of providing human services programs, and must have a mission or programs focused on human services. | Link | |||||||||||||||||||||
179 | Open | NC | All | NC COVID-19 Rapid Recovery Lending Program | Loan | $50,000 | Loan sizes are capped at approximately two months of current revenue. Any individual with greater than 20% ownership in a business must personally guarantee the loan. Proceeds from the loan may only be used for maintaining or restarting a business. The use for loans to pay off debts already incurred for qualifying business maintenance or restart purposes may be authorized o na case-by-case basis. Borrowers are required to assign the proceeds of future assistance programs, including SBA loans, to the repayment of their Rapid Recovery Loan. Applicants must be a NC small business affected by COVID-19, have at least one employee who can be the self-employed owner, and start-up businesses that began operations before 03/23/20 are eligible. | Link | |||||||||||||||||||||
182 | Open | NC | All | Small Diverse Business Emergency Relief Fund | Grant | $1,000 | - Applicant has not received PPP, EIDL or other COVID relief grant funds - Applicant was in business prior to February 2020 - Business must be owned at least 51% by a minority or woman - Business must be an active enterprise as validated by the NC Secretary of State or other verifiable documentation - Business must be based in North Carolina - Applicant must demonstrate economic injury from COVID-19 Pandemic | Link | |||||||||||||||||||||
183 | Open | ND | All | Childcare Loan Program | Loan | $100,000 | Must be a daycare or other childcare facility | Link | Link 2 | ||||||||||||||||||||
184 | Open | ND | All | Rural Growth Inventive Program Emergency Loan | Loan | $75,000 | Must be an essential service company such as a gas station, pharmacy, grocer, or in some instances restaurants. Communities with less than 2,500 in population are eligible. The request is a dollar-for-dollar match by the city. Loan terms based on individual needs. | Link | |||||||||||||||||||||
185 | Open | ND | All | North Dakota Development Fund Loans | Loan or Equity Investment | $1,000,000 | Company must be certified as primary sector. | Link | |||||||||||||||||||||
189 | Open | ND | All | North Dakota Opportunity Fund | Loan | $50,000 | -Business must show they've been adversely affected by the pandemic | Link | |||||||||||||||||||||
190 | Open | ND | All | Bank of North Dakota Small Employer Loan Fund | Loan | $50,000 | As of March 13, 2020, the borrower must have: • Had a physical presence in North Dakota • Been current on financial obligations • Along with any guarantors, showed the capacity or historical ability to service debt • Had an employee count of 10 or less full-time equivalents (FTE) • An owner with at least 20% ownership, or a guarantor had a pre-pandemic minimum credit score of 650 | Link | Application deadline 11/30/20 | ||||||||||||||||||||
191 | Open | NE | All | Community Development Block Grant | Grant | $1,000,000 total not per grant | Type of business must be: manufacturers, scientific testing, research and development, targeted export services, grocery stores, pharmacies or hardware/home improvement stores etc. Funds must be used for: direct financial assistance, working capital, purchase of machinery and/or equipment. The business must pay all employees at a location in Nebraska at a rate of no less than $11.50/hr and provide appropriate employee benefits. The grant MUST be applied for by LOCAL GOVT (e.g. cities, villages or counties) on behalf of the businesses in their jurisdiction. | Link | |||||||||||||||||||||
193 | Open | NM | All within applicable states | WaFd Bank Small Business Lifeline | Loan | $200,000 | • Businesses that have seen a 10% or greater drop in revenue. • Subject to approved credit. • Requires WaFd Checking account. | Link | |||||||||||||||||||||
194 | Open | NM | All | All Together NM Fund | Grant | TBD | Criteria still being established as of 5/18/20 | Link | |||||||||||||||||||||
195 | Open | NV | All within applicable states | WaFd Bank Small Business Lifeline | Loan | $200,000 | • Businesses that have seen a 10% or greater drop in revenue. • Subject to approved credit. • Requires WaFd Checking account. | Link | |||||||||||||||||||||
196 | Open | NY | NYC | WE NYC (Kiva) | Grant | $1,000 | - Must be a woman-owned business in NYC | Link | Kiva will pledge first 10% of funding goal (up to $1,000) | ||||||||||||||||||||
197 | Open | NY | All | New York Forward Loan Fund | Loan | $100,000 | • Employ 20 or fewer full-time equivalent (FTE) employees for both small businesses; • Have gross revenues of less than $3 million per year; • Have not received a loan from either SBA Paycheck Protection Program (PPP) or SBA Economic Injury Disaster Loan (EIDL) for COVID-19 in 2020; • Have suffered a direct economic hardship as a result of COVID-19 related social distancing policies and stay-at-home order that have materially impacted their operations; • Been in business for at least 1 year as of the date of loan application; and • Located in the State of New York. | Link | |||||||||||||||||||||
199 | Open | NY | West Side of Manhattan | West Side Small Business Grant | Grant | $10,000 | • Physical location in an eligible area on the West Side of Manhattan • Proof of at least a 25% drop in sales due to the outbreak • No more than 10 employees | Link | |||||||||||||||||||||
200 | Open | OH | Cuyahoga, Lake, and Geauga counties | Greater Cleveland COVID-10 Rapid Response Fund | Grant | TBD | Must be a 501(c)(3) non-profit that serves people over 60 years of age, people with compromised immune systems, people that are pregnant, people with other increased health risks associated with the novel coronavirus, low-income residents, homeless people, residents without access to health insurance or PTO, people with limited English language proficiency, healthcare or service workers, people of color, people with disabilities, or incarcerated or returning people. | Must e-mail covid19response@clevefdn.org for further funding details and application. | |||||||||||||||||||||
206 | Open | OH | All | Honeycomb Relief Loan 1 | Loan | $50,000 | Must have 3+ years of operating history, must have been profitable in 2019, must have above average credit score for 20% owners, must have debt service coverage ratio of 1.2 or higher, owners must have positive net worth, must have no deliquencies, lease agreement must be in good standing, must be registered and legally organized business, and must demonstrate community support. | Link | |||||||||||||||||||||
208 | Open | OH | All | Honeycomb Relief Loan 2 | Loan | $25,000 | Must have 1+ years of operating history, must have had breakeven or profitability in 2019, must have good credit score for all 20% owners, must have debt service coverage ratio of 1.0 or higher, owners have non-negative net worth, no deliquincies unless directly related to the economic slowdown, lease agreement in good standing, registered and legally organized business, and must demonstrate community support. | Link | |||||||||||||||||||||
209 | Open | OH | Northeast Cities | HFLA Emergency Loans | Loan | $1500 for standard loan or $10,000 if you apply with a guarantor. | Must be a Northeast Ohio resident affected by COVID-19, have the ability to repay the loan on a monthly basis, must apply with spouse as a co-applicant if married. | Link | |||||||||||||||||||||
212 | Open | OH | All | Appalachian Growth Capital | Loan | TBD | Requirements unclear, see link. | Link | |||||||||||||||||||||
214 | Open | OK | Oklahoma City | Urban Renewal Authority Small Business Grant Program | Grant | $10,000 | - Have five or fewer employees (including the owner), including sole proprietorships. - Be located in a designated Urban Renewal Area. There’s a link to a map at ocura-ok.org. - Be owned by someone of low- or moderate-income as defined by the U.S. Department of Housing and Urban Development (HUD)’s CDBG guidelines; OR be located in a census tract where at least 51 percent of the residents are low- or moderate-income as defined by HUD’s CDBG guidelines. - Have appropriate licenses and permits before funds can be disbursed. Businesses may apply for the grant without the necessary licenses and permits and as a benefit of the program, will receive help in obtaining them. | Link | |||||||||||||||||||||
215 | Open | OK | Tulsa | Resilience and Recovery Fund | Loan | TBD | Unknown | Link | |||||||||||||||||||||
216 | Open | OR | All within applicable states | WaFd Bank Small Business Lifeline | Loan | $200,000 | • Businesses that have seen a 10% or greater drop in revenue. • Subject to approved credit. • Requires WaFd Checking account. | Link | |||||||||||||||||||||
217 | Open | OR | All | Craft3 Business Loans | Loan | $25,000 to $3 million | Craft3 provides low-interest loans to community-based nonprofits and small businesses, with more flexible criteria than traditional financial institutions. Additionally, it is allowing existing Craft3 clients to revise their loan agreements (i.e. due date extensions, temporary payment reductions, etc.). | Link | |||||||||||||||||||||
218 | Open | OR | All | Business Impact NW Small Business Loans | Loan | $5,000 to $350,000 | Loan Info | Link | |||||||||||||||||||||
220 | Open | PA | All | Pennsylvania Industrial Development Authority (PIDA) – Small Business First Fund | Loan | $100,000 | The Pennsylvania Industrial Development Authority (PIDA) will administer the Small Business First Fund with $61 million available initially for business assistance, according to a news release from state Sen. Lisa Boscola. Funds through this emergency response fund will be used for working capital loans of up to $100,000 directly to small businesses and hopefully nonprofits (those that employ 100 or fewer persons), Boscola said. The interest rate is currently 3%, however the PIDA board can adjust the interest rates to as low as 0%. | Link | |||||||||||||||||||||
223 | Open | PA | All | Small Diverse Business Capital Access Program | Loan | $200,000 | The maximum participation amount is determined by a variety of factors such as the proposed use of the SDBCA funds, the amount of matching financing from sources outside of SDBCA, and the number of full-time jobs to be retained or created. The maximum term loan amount is $200,000. The maximum line of credit amount is $100,000. Loan approval is contingent upon meeting the program underwriting and collateral requirements. | Link | |||||||||||||||||||||
227 | Open | PA | Pittsburgh | URA COVID-19 Small Business Emergency Loan Fund | Loan | $15,000 | For existing small businesses (not startups) located in the City of Pittsburgh | Link | |||||||||||||||||||||
229 | Open | PA | All | Pennsylvania 30 Day Fund | Loan | $3,000 | - For-profit small businesses that employ three to 30 people; - Based in Pennsylvania and have been operating for at least one year; - Owned and operated by a Pennsylvania resident. | Link | |||||||||||||||||||||
231 | Open | RI | All | COVID-19 Emergency Bridge Loan Program | Loan | $5,000 | -Must either be a business with 1-10 employees or a restaurant or other food service business | Link | |||||||||||||||||||||
233 | Open | RI | Providence | Providence Business Loan Fund | Loan | $500,000 | - Business must be located in Providence - Applicants must meet HUD’s Community Development Block Grant national objectives. | Link | |||||||||||||||||||||
234 | Open | RI | All | CARES Act Grant Program for Restaurants/Bars with Liquor Licenses | Grant | $10,000 | - Bar and restaurant owners impacted by the early shutdowns mandated by Executive Order 20-95 issued on November 5, 2020 and effective on November 8, 2020 - Registered with the RI Division of Taxation - Maintain an active Meals and Beverage account with the RI Division of Taxation - Maintain an active Liquor License to consume alcoholic beverages onsite - Have filed and paid Sales tax AND Meals and Beverage tax for the months of July, August and September of 2020. * (see the FAQs for additional information) - Have proof of impact | Link | Deadline was 12/14/20. Deadline to SPEND funds extended to 1/31/21. | ||||||||||||||||||||
235 | Open | RI | All | Rhode Island on Pause | Grant | $75,000 | Business impacted by the restrictions mandated by the Governor's Executive Order - Rhode Island on Pause issued on November 25, 2020 regarding restrictions effective from November 30, 2020 through December 13, 2020 Registered with the RI Division of Taxation Filing taxes with the RI Division of Taxation Be a viable business - either currently open or temporarily closed Not in or considering federal bankruptcy or state receivership Have proof of impact | Link | Deadline was 12/14/20. Deadline to SPEND funds extended to 1/31/21. | ||||||||||||||||||||
236 | Open | SC | Columbia | Forgivable Small Business Loan | Loan | $500,000 | Columbia Mayor Steve Benjamin on March 23 outlined a $6 million COVID-19 emergency economic stimulus package. It includes $500,000 for zero-interest forgivable loans for small businesses with fewer than 100 employees and allows bars and restaurants to delay and avoid penalties for hospitality tax payments through June. | Link | |||||||||||||||||||||
241 | Open | SD | All | MicroLOAN SD | Loan | $100,000 | The MicroLOAN offers a 3% fixed-interest rate on up to a 10-year term. Loan amounts vary from $1,000 to $100,000 on projects sized up to $750,000. Any business which has received MicroLOAN South Dakota funds and subsequently derives any portion of their revenue from the previously mentioned activities prior to repaying all principal and interest on their MicroLOAN South Dakota loan, shall be deemed to be in default of their MicroLOAN agreement. Non-profit businesses and agricultural production are not eligible to apply for MicroLOAN funds. MicroLOAN funds may not be used for refinancing purposes. | Link | |||||||||||||||||||||
242 | Open | SD | All | Small Business Relief Fund | Loan | $75,000 | Unknown | Link | |||||||||||||||||||||
244 | Open | TX | All | Texas Black Expo TSBEMS Small Business Grant | Grant | $1,000 | - Must be a business affected by the coronavirus pandemic. Additional criteria not listed. | Link | |||||||||||||||||||||
245 | Open | TX | All within applicable states | WaFd Bank Small Business Lifeline | Loan | $200,000 | • Businesses that have seen a 10% or greater drop in revenue. • Subject to approved credit. • Requires WaFd Checking account. | Link | |||||||||||||||||||||
248 | Open | UT | All within applicable states | WaFd Bank Small Business Lifeline | Loan | $200,000 | • Businesses that have seen a 10% or greater drop in revenue. • Subject to approved credit. • Requires WaFd Checking account. | Link | |||||||||||||||||||||
249 | Open | UT | All | Utah Microloan Fund | Loan | $50,000 | • Good Credit score • Collateral • Education • Industry expertise • Solid business plan | Link | |||||||||||||||||||||
250 | Open | UT | Salt Lake City | Mainstreet Preservation Grant | Grant | $5,000 | - Must be a Utah rural and/or minority small business (fewer than 50 employees). | Link | |||||||||||||||||||||
252 | Open | VA | All | Virginia Small Business Financing Authority | Loan | Variable | Variable | Link | |||||||||||||||||||||
253 | Open | VA | All | Rebuild VA | Grant | $10,000 | • Applicants that are not individually owned and operated • Applicants that have already received CARES Act funding from any federal, state, regional or local agency or authority • Applicants that are delinquent on Virginia state income taxes and do not have a payment plan in place • Applicants that are lobbyists • An applicant, owner, or a principal of the business with 20 percent or greater ownership interest is more than sixty (60) days delinquent on child support obligations Industries • Restaurants and Beverage Services • Non-essential Brick and Mortar Retail • Fitness and Exercise Facilities • Personal Care and Personal Grooming Services • Entertainment and Public Amusement | Link | |||||||||||||||||||||
257 | Open | WA | All within applicable states | WaFd Bank Small Business Lifeline | Loan | $200,000 | • Businesses that have seen a 10% or greater drop in revenue. • Subject to approved credit. • Requires WaFd Checking account. | Link | |||||||||||||||||||||
258 | Open | WA | All | Craft3 Business Loans | Loan | $25,000 to $3 million | Craft3 provides low-interest loans to community-based nonprofits and small businesses, with more flexible criteria than traditional financial institutions. Additionally, it is allowing existing Craft3 clients to revise their loan agreements (i.e. due date extensions, temporary payment reductions, etc.). | Link | |||||||||||||||||||||
259 | Open | WA | All | Business Impact NW Small Business Loans | Loan | $5,000 to $350,000 | Loan Info | Link | |||||||||||||||||||||
260 | Open | WA | All | SharedWork Program | Other | This valuable resource can reduce your payroll costs by around 10% and it could allow you to keep your trained staff intact. | Link | ||||||||||||||||||||||
261 | Open | WA | Dupont | The DuPont COVID-19 Small Business Grant | Grant | $7,000 | • 20 employees or less, including the owner • Physical address located in DuPont city limits • Active and licensed in the City of DuPont and Washington State • Business must be currently permitted/licensed, in good standing, by both the City and the State. • Must have experienced a loss of income directly related to the effects of COVID-19. • Must have been operating for at least one year. • Cannot be owned, partially owned, controlled or involve any type of financial or pecuniary interest or control by a City employee or public official or family member(s) of the same. | Link | Round 2 applications accepted until 10/5/20 | ||||||||||||||||||||
262 | Open | WI | All | We're All In Small Business Grant | Grant | $5,000 | List of requirements is long, see item #7 at link | Link | Phase 2 applications accepted until 11/2/20 | ||||||||||||||||||||
263 | Open | WI | All | Zilber Family Foundation | Grant | $25,000 | Requirements unclear, see link. | Link | |||||||||||||||||||||
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| A | B | C | D | E | F | |
|---|---|---|---|---|---|---|
1 | Name | Max Loan Amount | Max Loan Term | Requirements | Link | Notes |
2 | Accion | $300-$250,000 | TBD | - Minimum credit score of 575 - Must be current on all debt and bills - Must have cash flow needed to repay the loan | Link | |
3 | American Express- Business Loan | $75,000 | 3 years | Eligibility is based on having at least 1 year of account history on a Business Card, creditworthiness, and other factors. | Link | Amex cancelled this lending solution |
4 | American Express- Merchant Financing | $2,000,000 | 24 months | Eligibility based on creditworthiness and other factors. | Link | Amex cancelled this lending solution |
5 | American Express- Working Capital | $150,000 | 90 days | Eligibility based on at least 6 months of account history, creditworthiness, and other factors. The six-month account history requirement does not apply to Business Gold Card Members. | Link | Amex cancelled this lending solution |
6 | eMoney Pool | $5,000 | Link | Peer to Peer Lending | ||
7 | Fundbox | Link | ||||
8 | Fundera | Link | ||||
9 | Kabbage | $250,000 | 18 months | • Business in operation for at least one year • Revenue is $50k per year or $4,200 per month | Link | |
10 | Kiva 0% Interest Loan | $25,000 | 3 years | - Must be living in the US & use this loan for business purposes - To establish trustworthiness you'll start by inviting yoru friends/family to fund a small portion of your loan. Once this is done, Kiva's community of lenders will joint in and support you. | Link | Loan details here |
11 | OnDeck (Line of Credit) | $100,000 | 1 year | • Been in business 3 years • Personal FICO 600 • Annual revenue $250,000+ • Have a business bank account | Link | • Cannot lend in South Dakota • Not in restricted industry:https://www.ondeck.com/restricted-industries |
12 | OnDeck (Term Loan) | $500,000 | 3 years | • Been in business 3 years • Personal FICO 600 • Annual revenue $250,000+ • Have a business bank account | Link | • Cannot lend in South Dakota • Not in restricted industry:https://www.ondeck.com/restricted-industries |
13 | Paypal Business Loan | $500,000 | 1 year | • Have a PayPal Business account; processing payments with PayPal is optional. • Minimum credit score: 550. • Minimum time in business: 9 months. • Minimum annual revenue: $42,000. • No personal bankruptcies. | Link | Loan details here |
14 | Paypal Working Capital | $200,000 | 1 year | • Have a PayPal Premier or Business account for 3+ months. • Minimum $20,000 PayPal sales in the past year in a Premier account or $15,000 in PayPal sales with a Business account. | Link | Loan details here |
15 | Shopify Working Capital | $1,000,000 | 1 year | Stores must be located in the following US states to be eligible for a Shopify Capital loan: Arizona, Idaho, Illinois, Indiana, Iowa, Kansas, Louisiana, Maine, North Carolina, South Carolina, Utah, Washington, Wisconsin, Wyoming | Link | Loan details here |
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19 | Cristina@accountingprose.com |
| A | B | C | D | E | |
|---|---|---|---|---|---|
1 | States | New Deadline | Link | Notes | Need to apply for extended deadline? |
2 | AL | Link | Filing still due on time. Late payment penalties are waived until 6/1/20 for small retail businesses whose monthly retail sales during the previous calendar year averaged $62,500 or less and taxpayers registered with the AL DOR as engaging in NAICS Sector 72 business activities, which includes restaurants. Also waiving late penalties for lodgings taxes. | N/A | |
3 | AK | N/A | N/A | No sales tax. | N/A |
4 | AZ | 3/26: Called DOR, currently no extension or late fees waived. Can submit Form 290 to dispute late fees or request waiver. | Y | ||
5 | AR | 3/26: Called DOR, still due on 20th of month each month, no extension expected. | N/A | ||
6 | CA | Link | Effective April 2, 2020, small business taxpayers with less than $5 million in taxable annual sales, can take advantage of a 12-month, interest-free, payment plan for up to $50,000 of sales and use tax liability only. All payment plans must be paid in full by July 31, 2021, to qualify for zero interest. Please note, this relief only applies to sales and use tax due on returns with original due dates between March 1, 2020 and July 31, 2020. | Y | |
7 | CO | 5/20/20 | Link | "Colorado retailers that are required to file a sales tax return and remit sales tax on April 20, 2020 may extend their filing and remittance deadline to May 20, 2020. This is a one-time extension of the April 20, 2020 filing and remittance deadline for state and state-administered sales taxes. The extension does not apply to self-collecting home-rule taxing jurisdictions." Denver has waived their late payment penalties for the filing due April 20th. Filing is still due on time. See: https://www.denvergov.org/content/denvergov/en/denver-department-of-finance/our-divisions/treasury-division/business-taxes.html | N/A |
8 | CT | 5/31/20 | Link | Qualifying small businesses (annual sales tax liabiltiy<$150,000) have their returns and payments due March 31, 2020 and April 30, 2020 extended to May 31, 2020. Quarterly filers have their return and payments due 4/30/2020 extended to May 31, 2020. | N/A |
9 | DE | N/A | N/A | No sales tax. | N/A |
10 | FL | 4/30/20 | Link | New filing deadline is for taxpayers "who have been adversely affected by COVID-19" (see link). | N |
11 | GA | Link | No extension for sales tax | N/A | |
12 | HI | Link | No extension for General Excise Tax | N/A | |
13 | ID | 3/26: Called DOR to confirm, does not apply to sales tax. | N/A | ||
14 | IL | Varies | Link | All taxpayers operating eating and drinking establishments that incurred a total Sales Tax liability of less than $75,000 in calendar year 2019 will be granted sales tax relief. Form ST-1 is still due at the normal time. See link for details. Also various Chicago-specific taxes extended to being due 4/30/20, see: https://www.chicago.gov/city/en/depts/mayor/press_room/press_releases/2020/march/SmallBusinessReliefPackage.html. | N |
15 | IN | Link | Per link announcing extensions for income and corporate tax returns, "all other tax returning filings and payment due dates remain unchanged." | N/A | |
16 | IA | 3/26: Called DOR, no change per person I spoke with, but DOR is willing to work with people and there may be changes going forward. | N/A | ||
17 | KS | 3/26: No published guidance, unable to connect to DOR over the phone. Should therefore assume no deadline extension. | N/A | ||
18 | KY | Link | 3/27: Called DOR, no change yet | N/A | |
19 | LA | 5/20/20 | Link | "The February 2020 sales tax returns and payments are due on March 20, 2020. The filing and payment deadline for the February 2020 sales tax period is extended to May 20, 2020. This is an automatic extension and no extension request is necessary." | N |
20 | ME | 3/27: Called DOR, no change yet. | N/A | ||
21 | MD | 6/1/20 | Link | Per link: "Do not combine sales for separate reporting periods into a single return. Instead, please file the separate returns reflecting the sales and the tax collected for each filing period as if they had been filed according to their original due dates." | N |
22 | MA | 6/1/20 | Link | "Vendors whose cumulative sales and use tax liability in the 12-month period ending February 29, 2020 is less than $150,000"...returns and payments due during the period beginning March 20, 2020 and ending May 31, 2020, inclusive, shall be suspended. All such returns and payments shall be due on June 20, 2020. This suspension does not apply to marijuana retailers" (see link). Also some additional relief for restaurant and hospitality businesses (see: https://www.mass.gov/technical-information-release/tir-20-2-late-file-and-late-pay-penalty-relief-for-certain-business). | N |
23 | MI | 4/20/20 | Link | "Any return or payment currently due on March 20, 2020 may be submitted to the Department without penalty or interest through April 20, 2020." | N |
24 | MN | 5/20/20 | Link | 4/9: Updated due date of 5/20/20 for the payment originally due 3/20/20. Due date of 4/20/20 also extended to 5/20/20. Filing date remains unchanged. Due date of 3/20/20 remains the same for filing, but there is a grace period for payment until 4/20/20. | N/A |
25 | MS | Link | No change per link | N/A | |
26 | MO | Link | 3/30: Called DOR, no extensions for sales tax. Standard options such as payment plans remain. | N/A | |
27 | MT | N/A | N/A | No sales tax. | N/A |
28 | NE | Link | 3/27: Called DOR, no change, but penalties for late payments on excise tax are waived (see link). | N/A | |
29 | NV | See notes | Offering 30 day extension, must request in writing for sales and modified business tax for February and March periods, email request to cv19@tax.state.nv.us. | Y | |
30 | NH | N/A | N/A | No sales tax. | N/A |
31 | NJ | 3/27: No published guidance on an extended deadline and DOR call center is closed on Fridays. 3/30: Called again, still unable to get through to call center. 4/6: Still unable to get through. | |||
32 | NM | 3/27 and 3/30: Called DOR, unable to get through. Published guidance does not mention a gross receipts tax extension (NM has gross receipts tax instead of sales tax), submitted question via submission form at http://www.tax.newmexico.gov/contact-us.aspx to confirm. Received emailed response that there is no extension for filing or paying the gross receipts tax. | |||
33 | NY | 60-day extension | Link | "Sales Tax Vendors who are required to file returns on a monthly basis and participants in the Promptax program for sales and use tax or prepaid sales tax on fuel are not eligible for this relief." | Y |
34 | NC | Link | Per link, sales and use tax deadlines are not extended. | N/A | |
35 | ND | Link | Per link, sales and use tax deadlines are not extended. | N/A | |
36 | OH | Link | 3/30: Ohio legislature has passed HB 197. No extensions for sales tax per phone call to DOR and none planned, but can sign up for tax alerts at tax.ohio.gov. | N/A | |
37 | OK | Link | 3/27: No change per phone call to DOR, may change in the future, no mention of sales tax in link. | N/A | |
38 | OR | N/A | N/A | No sales tax. | N/A |
39 | PA | Link | 3/27: DOR call center is closed and no website submission form is available, unable to confirm if sales tax is exempt from the extension. 4/1: Per link: "The Department of Revenue is waiving penalties for businesses that are required to make Accelerated Sales Tax (AST) prepayments by the deadline of Friday, March 20. Additionally, for April sales tax payments, the department is waiving the AST prepayment requirement and asking businesses to simply remit the sales tax that they have collected in March." | ||
40 | PR | 4/20/20 | Link | Due dates starting in March pushed out one month. 3/20/20 is now 4/20/20, 4/20 is now 5/20, 5/20 is now 6/22, 6/20 is now 7/20. Unable to find official PR source in English, hence link to non-primary source. See also translatation from primary source, beginning in the middle column on pg 143: https://www.aicpa.org/content/dam/aicpa/advocacy/tax/downloadabledocuments/coronavirus-state-filing-relief.pdf. | N |
41 | RI | Link | 3/27: DOR call center is closed, unable to confirm if sales tax is exempt from the extension (no mention of sales tax in link). 3/30: Emailed Tax.Excise@tax.ri.gov to confirm, received response that there is no extension for filing or payment. That said, penalty waivers may be given on a case-by-case basis, but interest is mandated and cannot be waived. | N/A | |
42 | SC | 6/1/20 | Link | Extension also includes withholding taxes. | N |
43 | SD | 3/27: Called DOR, no extension. | N/A | ||
44 | TN | Link | No extension per link | N/A | |
45 | TX | Link | 3/27: Per phone call to DOR, possible 90 day extension, but would need to call 800-252-8880 to arrange. No published guidance about COVID-specific extensions. Link from Comptroller also suggests no formal extension currently in place. | Y | |
46 | UT | Link | 3/27: Per link, no sales tax extension yet, but may be extended pending possible legislation. | N/A | |
47 | VT | See notes | Link | Per link, interest and penalties are waived for "Businesses that are unable to meet the March 25 and April 25 filing deadlines," but a new deadline date is not given. 3/30: Called DOR to confirm, individual seemed to think 7/15 was the new deadline, but was quoting the section about income tax. | Unclear |
48 | VA | 4/20/20 | Link | Businesses must file a request for an extension from 3/20/20 to 4/20/20 (see link). | Y |
49 | WA | Quarterly: 6/30/20. Annual: 6/15/20. | Link | Quarterly filers extended until 6/30/20, annual filers extended to 6/15/20. Monthly filers must request an extension. | See notes |
50 | DC | 7/20/20 | Link | Monthly and quarterly filers: must file FR800-M or FR800-Q (respectively) as usual by 4/20/20 for the period ending 3/31/20. All sales and use tax must be paid by 7/20/20. See link for more specific guidance. | N |
51 | WV | Link | 3/30: Called DOR, no extension and no plans to do so. | N/A | |
52 | WI | 4/30/20 | Link | 3/31/20 deadline extended to 4/30/20. 4/30/20 deadline extended to 6/1/20. Extension must be requested. The link states that interest will begin to accrue after the original deadline, although per a phone call to the DOR it will be at a reduced amount if the extension is granted. Link does not state this, so it should not be assumed. Link does state that a reduction in interest rate can be requested. | Y |
53 | WY | 3/30: Called DOR, no extension evident. Received followup # for Donna Campbell (307-777-5203) to confirm no extension, left voicemail. | |||
54 | |||||
55 | Are we missing info? Email me: | ||||
56 | cristina@accountingprose.com | ||||
| A | B | C | D | E | F | |
|---|---|---|---|---|---|---|
1 | States | New Filing Deadline | New Estimated Tax Deadline | Link | Notes | Need to apply for extended deadline? |
2 | AL | 7/15/20 | No change per DOR | Link | N | |
3 | AK | 7/15/20 | 7/15/20 | Called DOR, left VM for Mike Williams at 907-269-6632. Received response, guidance will be published soon, but the deadline is extended to 7/15. | N | |
4 | AZ | 7/15/20 | 4/15/20 | Link | N | |
5 | AR | 7/15/20 | No change per DOR | Link | 3/26: Called DOR, no published guidance yet, but individual at DOR says they were told that S-corps, LLCs, sole proprietorships get extensions. Those filing as C-Corps will NOT be extended. Should check link later to see if guidance is actually published. 3/30: Still no update. 4/1: Published guidance found, see link. Estimated tax payments not extended. | N |
6 | CA | 7/15/20 | 7/15/20 | Link | N | |
7 | CO | 07/15/2020 | 07/15/2020 | Executive Order Link | N | |
8 | CT | Pass-throughs: 4/15/20 filing deadline, 6/15/20 payment deadline. Corporations: 6/15/20 filing and payment deadline. | No change per DOR | Link | Annual returns due on or after 3/15/20 and before 6/1/20 are extended at least 30 days. Payments associated with returns extended to 6/15/20. | N |
9 | DE | 7/15/20 | 7/15/20 (2nd quarter still due 6/15/20) | Link | N | |
10 | FL | No state income tax, see notes re: property tax | No state income tax, see notes re: property tax | Link | General: Personal Property (TPP) Returns extended to 4/15/20 (see link). Miami Dade County: TPP Returns extended 30 days, with another 15-day extension possibility (must apply. see: https://www.miamidade.gov/pa/property_tangible.asp). Pinellas County: TPP due date extended to 5/15/20 (no application necessary). Broward County: TPP due date extended 30 days (must apply, see: https://bcpa.net/). | Y |
11 | GA | 7/15/20 | 7/15/20 | Link | N | |
12 | HI | 7/20/20 | No change per link | Link | N | |
13 | ID | 6/15/20 | Link | 3/26: Called DOR, no specific estimated taxes for ID, per individual. | N | |
14 | IL | 7/15/20 | No change per link | Link | N | |
15 | IN | 7/15/20 | 7/15/20 | Link | Corporate tax returns and payments originally due on 5/15/20 are now due 8/17/20. | N |
16 | IA | 7/31/20 | No change per link | Link | All filing and payments deadlines for income, franchise, and moneys and credits taxes with a due date on or after 3/13/20 and before 7/31/20 are extended. The extension does NOT apply to estimated payments. | N |
17 | KS | 7/15/20 | No change per link | Link | N | |
18 | KY | 7/15/20 | No change per call to DOR | Link | Per the link, "interest still applies to the deferred income tax payments because Kentucky law prohibits the waiver of interest." However, a subsequent publication states "no penalties or interest will be assessed provided that the return and payment are submitted to the Department by the July 15, 2020, extension date" (see: http://revenue.louisiana.gov/LawsPolicies/RIB%2020-009%20Income%20and%20Franchise%20Tax%20Extensions%20and%20Other%20Matters%20Related%20to%20COVID-19.pdf). | N |
19 | LA | 7/15/20 | No change per call to DOR | Link | N | |
20 | ME | 7/15/20 | 7/15/20 | Link | N | |
21 | MD | 7/15/20 | 7/15/20 | Link | N | |
22 | MA | 7/15/20 for individual/pass-through/etc, no change for corporate | Called DOR, estimated tax not noted one way or the other (should therefore assume no extension) | Link | N | |
23 | MI | 7/15 for individuals/S-Corps, 7/31 for C-Corps | 7/15 for individuals/S-Corps, 7/31 for C-Corps | Link | Deadline applies to cities which previously had a 4/15 deadline as well. For those cities with a 4/30/20 due date, the new due date is 7/31/20. | |
24 | MN | 7/15/20 for individuals and S-Corps | No change for payments due 4/15 | Link | Corporations are not included in the extension, but receive automatic extensions per state law (se: https://www.revenue.state.mn.us/our-response-covid-19). | N |
25 | MS | 5/15/20 | 5/15/20 | Link | N | |
26 | MO | 7/15/20 | 7/15/20 | Link | N | |
27 | MT | 7/15/20 for individual income tax, does not apply to businesses (see notes) | Not extended per DOR | Link | 3/27: Called DOR, businesses get automatic 6-month extension to 9/15/20. | N |
28 | NE | 7/15/20 | 7/15/20 | Link | N | |
29 | NV | N/A | N/A | No state income tax | N/A | |
30 | NH | Link | "In response to conditions caused by the COVID-19 pandemic, the New Hampshire Department of Revenue Administration (NHDRA) will grant automatic relief to Business Profits Tax (BPT), Business Enterprise Tax (BET) and Interest & Dividends Tax (I&D) taxpayers in the form of payment relief and expansion of automatic filing extensions and penalty safe harbors. Details of the relief are outlined in a Technical Information Release issued by NHDRA on March 30, which can be viewed at www.revenue.nh.gov/tirs/documents/2020-001.pdf." | N/A | ||
31 | NJ | 7/15/20 | 7/15/20 | Link | N | |
32 | NM | 7/15/20 | 7/15/20 | Link | No penalties will be assessed, but under state law, " interest will accrue on any unpaid balances from April 15 forward." Withholding tax due 3/25 - 6/25 has also been extended to be due on 7/25, with the same caveat about interest accruing. 3/30: Update on interest accruing: interest will NOT accrue on income tax payments as a result of the extension, but WILL still apply to withholding tax extensions (see: http://www.tax.newmexico.gov/uploads/PressRelease/e19f5d4c8b014c6d870f8073d673341b/Income_tax_extension_won_t_trigger_interest.pdf). | N |
33 | NY | 7/15/20 | 7/15/20 | Link | Extension is available to individuals/families who owe $1 milion or less and corporations that owe $10 million or less. | N |
34 | NC | 7/15/20 | 7/15/20 | Link | Note that paying a liability after 4/15 WILL result in interest accruing: "State law prevents the Department from waiving accrued interest, including interest assessed for the underpayment of estimated tax, except in limited cases." | N |
35 | ND | 7/15/20 | 7/15/20 | Link | N | |
36 | OH | 7/15/20 | 7/15/20 | Link | 3/30: HB 197 just passed, additional guidance expected in coming days. Called DOR, they confirmed extension is automatic. | N |
37 | OK | 7/15/20 | 7/15/20 | Link | Previously scheduled payments can be cancelled in light of the extension (see: https://www.ok.gov/tax/documents/511-SP.pdf). No mention of estimated payments, called DOR and they said there was no guidance yet, but it might be updated in the near future (see link). | N |
38 | OR | 7/15/20 | No change per link | Link | Per link, estimated payments are NOT extended | N |
39 | PA | 7/15/20 for individuals and S-Corps, 8/14/20 for C-Corps | 7/15/20 for individuals and S-Corps, 8/14/20 for C-Corps | Link | City of Philadelphia has extended real estate and business income tax deadlines for some (see: https://www.phila.gov/2020-03-23-city-of-philadelphia-extends-property-business-tax-deadlines/). | N |
40 | PR | 7/15/20 | No change | Link | Income tax returns that were due 3/15/20 are now due 6/15/20. Those due April - June are due 7/15/20. Unable to find official PR source in English, hence link to non-primary source. See also translatation from primary source, beginning in the middle column on pg 143: https://www.aicpa.org/content/dam/aicpa/advocacy/tax/downloadabledocuments/coronavirus-state-filing-relief.pdf. | N |
41 | RI | 7/15/20 | 7/15/20 | Link | N | |
42 | SC | 7/15/20 | 7/15/20 | Link | N | |
43 | SD | N/A | N/A | No state income tax. | N/A | |
44 | TN | 7/15/20 | 7/15/20 | Link | Tennessee does not have regular income tax, but businesses must pay franchise and excise taxes, the deadline for which has been extended (see link). | N |
45 | TX | N/A | N/A | No state income tax. | N/A | |
46 | UT | 7/15/20 | No change per DOR | Link | Called DOR, no extension to estimated payments and no mention of them in link. | N |
47 | VT | 7/15/20 | 7/15/20 | Link | N | |
48 | VA | See notes | See notes | Link | Filing deadline is unchanged, but the payment deadline has been extended to 6/1/20. Although penalties will be waived, interest will continue to accrue after the initial due date even if payment is made by June 1. This payment extension also applies to estimated payments. VA also offers automatic filing extensions for up to six months with no application required. | N |
49 | WA | N/A | N/A | No state income tax. | N/A | |
50 | DC | 7/15/20 | No change | Link | N | |
51 | WV | 7/15/20 | 7/15/20 | Link | Y | |
52 | WI | 7/15/20 | 7/15/20 | Link | N | |
53 | WY | N/A | N/A | No state income tax. | N/A | |
54 | ||||||
55 | Are we missing info? Email me: | |||||
56 | cristina@accountingprose.com | |||||
| A | B | C | D | |
|---|---|---|---|---|
1 | States | Link to Apply | Expanded Benefits | Notes |
2 | AL | Link | • Expanded eligibility: Alabama maintains that “unemployment benefits are available to individuals who are unemployed through no fault of their own,” however, it notes that anyone under mandatory quarantine due to “suspicion of having the coronavirus” or “ ill because of the coronavirus and unable to work,” or “those who are caring for an immediate family member who is diagnosed with COVID-19,” would be eligible for unemployment benefits. • Waived requirements: Additionally, claimants will not have to search for other work in order to receive benefits, and the waiting week will also be waived. | FAQ |
3 | AK | Link | FAQ | |
4 | AZ | Link | Governor Doug Ducey’s executive order instructed the Department of Economic Security to waive the one-week waiting period and work search requirements. | Executive Order |
5 | AR | Link | Anyone separated from employment because of COVID-19 is eligible to apply for benefits. | Covid Notice |
6 | CA | Link | • Expanded eligibility: The guidance from the Employment Development Department states that workers whose employers have shut down or reduced operations due to COVID-19 may apply for unemployment benefits. Governor Gavin Newsom’s executive order from March 12 stated that this also “can include parents that have had to take care of kids whose schools have closed. • Waived requirements: The one-week waiting period for unemployment insurance has been waived. | Executive Order |
7 | CO | Link | ||
8 | CT | Link | ▪ Expanded eligibility: Furloughed employees are eligible for at least six weeks of benefits. ▪ Waived requirements: CDOL has suspended its work-search requirements, including the requirement that recipients of unemployment to come in person to receive one-on-one help. | |
9 | DE | Link | • Expanded eligibility: Anyone quarantined will be treated like a temporary layoff. • Waived requirements: DDOL has waived the need for medical documentation. Work search requirements are also being waived. | |
10 | FL | Link | Expanded eligibility: Individuals who may be eligible for assistance include: • Those who are quarantined by a medical professional or a government agency, • Those who are laid off or sent home without pay for an extended period by their employer due to COVID-19 concerns, or • Those who are caring for an immediate family member who is diagnosed with COVID-19. | |
11 | GA | Link | Waived requirements: The Georgia Department of Labor announced that it is temporarily suspending its in-person requirements for services. Work search requirements are waived for all claims filed after March 14, 2020. | |
12 | HI | Link | Waived requirements: One-week waiting period for benefits is waived. | |
13 | ID | Link | ||
14 | IL | Link | Expanded eligibility: Employees may be eligible for benefits because: ▪ A medical professional has diagnosed employee as having COVID-19; ▪ The employee must stay home to care for their spouse, parent or child, whom a medical professional has diagnosed as having COVID-19 ▪ Or because of a government-imposed or government-recommended quarantine Waived requirements: Under the emergency rules, individuals would not have to register with the employment service to search for work. They will be considered to be actively seeking work as long as the individual was prepared to return to his or her job as soon their employer reopened. Illinois is also waiving the 7-day waiting period for residents to apply for unemployment benefits, meaning anyone who qualifies can file and become immediately eligible. | |
15 | IN | Link | Waived requirements: DWD has suspended in-person meetings until further notice. | |
16 | IA | Link | • Expanded eligibility: Anyone laid off due to COVID-19 or required to stay home to self-isolate, care for family members or due to illness related to COVID-19, can receive unemployment benefits, provided they meet all other eligibility requirements. • Waived requirements: Work search requirements and fact-finding interviews will be waived and claims that are filed and identified as a direct or indirect result of COVID-19 will not be charged to employers | |
17 | KS | Link | • Expanded eligibility: Anyone who is unemployed or working reduced hours due to COVID-19 and who has taken all necessary steps to return to work for their regular employer may be eligible for UI. • Waived requirements: Individuals affected do not have to look for other work, and the waiting week requirement has been waived. | |
18 | KY | Link | • Expanded eligibility: The Kentucky Career Center states that anyone laid off due to COVID-19 may be eligible for UI benefits. • Waived requirements: Per Governor Beshear’s Executive Order, the seven-day waiting period and work search requirements have been suspended. | |
19 | LA | Link | Waived requirements: Work search requirements and the week of waiting have both been waived. | |
20 | ME | Link | ||
21 | MD | Link | ||
22 | MA | Link | ||
23 | MI | Link | ||
24 | MN | Link | ||
25 | MS | Link | ||
26 | MO | Link | ||
27 | MT | Link | ||
28 | NE | Link | ||
29 | NV | Link | Waived requirements: Nevada Governor Steve Sisolak also announced the work search requirement and the 7-day wait period for approved unemployment insurance benefits will both be waived | |
30 | NH | Link | ||
31 | NJ | Link | ||
32 | NM | Link | ||
33 | NY | Link | Waived requirements: New York Governor Andrew Cuomo signed an executive order to waive the 7-Day waiting period for unemployment insurance benefits for people who are out of work due to Coronavirus (COVID-19) closures or quarantines. (* A note on NY= The federal government enacted the Families First Coronavirus Response Act, which includes extended unemployment benefits. New York has not qualified for these extended benefits at this time, but we will continue to monitor the situation and leverage all federal resources to help New Yorkers survive the economic hardships associated with the novel coronavirus) | Link |
34 | NC | Link | ||
35 | ND | Link | Waived requirements: According to the executive order enacted by Governor Doug Burgum, the requirements for individuals to register to work, actively seek work search, and wait one week to receive benefits are waived. | |
36 | OH | Link | ||
37 | OK | Link | Waived requirements: The waiting period for unemployment eligibility and work-search requirement for unemployment benefits have been waived. | |
38 | OR | Link | ||
39 | PA | Link | ||
40 | PR | Link | ||
41 | RI | Link | Waived requirements: DLT is waiving the seven-day minimum amount of time that claimants must be out of work to qualify for benefits. | |
42 | SC | Link | Waived requirements: An executive order signed by South Carolina Governor Henry McMaster waives the one-week waiting period, and work search requirements. | |
43 | SD | Link | ||
44 | TN | Link | ||
45 | TX | Link | Waived requirements: The one-week waiting period has been suspended and Texas workers are able to receive unemployment benefits as soon as their application is approved. | |
46 | UT | Link | ||
47 | VT | Link | ||
48 | VA | Link | Waived requirements: Starting March 15, 2020 Virginia has waived the one-week waiting period and weekly job-search requirements for receiving unemployment insurance benefits. | |
49 | WA | Link | ||
50 | DC | Link | Expanded eligibility: District residents who may face work stoppage due to a quarantine or actual sickness may qualify for wage replacement. | |
51 | WV | Link | ||
52 | WI | Link | ||
53 | WY | Link | Expanded eligibility: Employees laid off due to COVID-19 may be eligible for unemployment benefits, if they meet the monetary criteria and the federal weekly eligibility criteria. Employees who have been temporarily laid off due to slower business in this time can also collect unemployment benefits without having to look for other work. | |
54 | ||||
55 | ||||
56 | Are we missing info? Email me: | |||
57 | cristina@accountingprose.com | |||