Resources for entrepreneurs effected by the Coronavirus pandemic
I have been following the rapidly changing rules and resources for small businesses. Below is a compilation of the information that I have found valuable thus far to help aid businesses through this challenging time. I will update this resource as I am made aware of and am able to research.
*In no way is the information on this page a substitute for professional legal, health or accounting. For each resource the source is also quoted. To be sure of validity please consult the appropriate professional or the source itself.
See if your state and county have been declared a disaster area. This will effect what government programs you qualify for. https://disasterloan.sba.gov/ela/Declarations/Index
Washington State Information- who can be open, how to ask for exemption, other information-https://coronavirus.wa.gov/business-workers
SBA disaster loans
Financing type: Low-interest working capital loans
Funding Limit: $2 million
Who it's for: US small businesses and non-profits facing temporary loss of revenue.
How to get it: SBA.gov/Disaster
Source: Business Insider https://www.businessinsider.com/emergency-funding-for-small-businesses-affected-by-the-coronavirus-2020#small-business-administration-1
Economic Injury Disaster Loan Program
Financing type: Low-interest working capital loans
Funding Limit: $2 million
Who it's for: US small businesses and non-profits facing temporary loss of revenue.
How to get it: SBA.gov/Disaster
Source: Business Insider https://www.businessinsider.com/emergency-funding-for-small-businesses-affected-by-the-coronavirus-2020#small-business-administration-1
Facebook Grant
Financing type: Grants and advertising credits
Funding Limit: TBD, total fund is $100 million in cash and ad credits
Who it's for: Any small business in over 30 countries where Facebook operates
How to get it: Go to https://www.facebook.com/business/boost/grants sign up for updates so you will be made aware when they start
accepting applications.
Source: www.facebook.com/business
Amazon Grant
Neighborhood Small Business Relief Fund
Financing type: Grant
Funding Limit: TBD, total fund is $5 million
Who it's for: Seattle-area small businesses with fewer than 50 employees or less than $7 million in revenue.