The U.S. Chamber of Commerce Foundation has created a program to provide grants of up to $5000 to small businesses. Visit their website for more information: savesmallbusiness.com
The Small Business Association has information about Small Business Guidance & Loan Resources. “Small business owners in all U.S. states and territories are currently eligible to apply for a low-interest loan due to Coronavirus (COVID-19).” See www.sba.gov/page/disaster-loan-applications for more information.
Paycheck Protection Program
The Paycheck Protection Program authorizes up to $349 billion toward job retention and certain other expenses. It can provide small businesses with funds for up to 8 weeks of payroll and benefits expenses. Funds can also be used to pay interest on mortgages, rent, and utilities expenses. Small businesses can start applying as of April 3, while self-employed individuals and independent contractors can start applying as of April 10, 2020.
Last updated: April 20, 2020