COVID 19 RELIEF PROGRAMS
The Benay Team has been actively applying for all of the programs listed here on behalf of our clients. We can do so for you, too. Just reach out to us to discuss how we can help you keep your business running.
Government Loans/Grants
(click on each to access more information)
State Loans/Grants
(click on each to access more information)
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California
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Connecticut
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Connecticut Recovery Bridge Loan Program (closed as of 3/27/20)
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Illinois
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Maine - Finance Authority of Maine (FAME)
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COVID-19 Relief Interim SBA Finance Loan Program provides FAME Direct Loans of up to $100,000 with special terms available to eligible borrowers who provide proof of commitment for SBA financing. The FAME loan would be originated for use to the business owner until the SBA loan is funded. The SBA loan would then pay-off the FAME loan.
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COVID-19 Relief Business Direct Loan Program provides FAME Direct Loans of up to $50,000 with special terms available to Maine-based businesses experiencing interruption or hardship due to COVID-19.
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New York
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New Jersey
Other Loans/Grants
(click on each to access more information)
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Save Small Business Fund - An initiative of the U.S. Chamber of Commerce Foundation (limited availability depending on your location)
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Qualifications
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Employ between 3 and 20 people
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Be located in an economically vulnerable community
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Have been harmed financially by the COVID-19 pandemic
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Facebook Small Business Grants
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Facebook is offering $100M in cash grants and ad credits for up to 30,000 eligible small businesses in over 30 countries.
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LISC and Verizon are offering grants of up to $10,000.
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They're looking for businesses facing immediate financial pressure because of Covid-19, "especially entrepreneurs of color, women-owned businesses and other enterprises in historically underserved communities who don’t have access to flexible, affordable capital."
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Round one of applications is now closed, but you can register here to stay updated about another round beginning in April.
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Hello Alice Small Business Grants
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Hello Alice is offering $10,000 grants to small business owners impacted by coronavirus, "as part of our broader mission to ensure Business for All. In addition to funding, grant recipients will receive ongoing support from the Hello Alice community."
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The Red Backpack Fund (For Female Entrepreneurs)
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The Spanx by Sara Blakely Foundation donated $5 million to support female entrepreneurs in the wake of COVID-19
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1,000 grants of $5,000 each to female entrepreneurs in the U.S. to help alleviate the immediate needs and support the long-term recovery of those impacted by this crisis
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The next window of applications opens on May 4, and then again June 1, July 6, and August 3
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Click here to be notified of the next window opening
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