Grants For Small Business Covid 19 – CoronaVirus

Information is King

The U.S. Chamber of Commerce Foundation, in partnership with Vistaprint, is going to launch the Save Small Business Fund. In this fund, they provide upto $5,000 for business who has employees between 3 to 30. They must be located in ‘vulnerable area’. They have been impacted by coronavirus.

Grants For Small Business Covid 19 - CoronaVirus
Grants For Small Business Covid 19 – CoronaVirus

Application – 20 April at 3 pm EST.

You can signup and you will be notified soon by email.

Official Website
Application : https://www.savesmallbusiness.com/

Coronavirus (COVID-19): Small Business Guidance & Loan Resources

Friends, In America, Government took a great decision for small business and workers to provide help in this coronavirus crisis. We know that in every country, there is a great econimic crisis going on. You will be very happy to know that on Friday, March 27, 2020, the president of the United States signed into law the CARES Act, which contain $376 billion in relief for workers and small businesses.

Official Website

To learn more about the relief options available for your business, click here.

Do not fear, you do not have to be fear. There are many big companies and the Government comes further to help you. Here is the list:

The Save Small Business Fund
Hello Alice COVID-19 Business for All Emergency Grant
Verizon Small Business Recovery Fund
Facebook Small Business Grants Program
Salesforce Care Small Business Grants
AssistHer Emergency Relief Grant
Google Grants
GoFundMe
Michigan Grants
Illinois Department Of Commerce
Texas AssistHER Emergency Relief Grant
Virginia entrepreneur Pete Synder
Wisconsin’s Small Business
Amazon Grant etc

There are many more companies who are going to help you. You can find the complete list here https://www.inc.com/gabrielle-bienasz/small-business-grants-2020.html

Tips for small business COVID-19

The entire world is in a tough situation because of the COVID-19 outbreak. The World Health Organization (WHO) declared COVID-19 as a pandemic. The COVID-19 outbreak is not only affecting the physical health of the public, but also the economic health of businesses. Many agencies and government organizations are working hard to lend a helping hand to small businesses, thereby preventing their downfall. Constant efforts are being put to prevent the pandemic so that it does not affect small businesses adversely.

This article aims to provide information regarding the several grants provided by the agencies and government to small business owners all over the world. Learn about the various funds provided to the small businesses and check your eligibility.

Corona Relief Bill

Decisions to grant $2 trillion to help workers have been taken by the Congress, among which $367 billion would be utilized to help the small businesses. The self-employed and the gig workers do qualify for the unemployment aid. Small companies are eligible for up to $10M in forgivable loans.

Small Business Administration (SBA) loans

The local business got affected greatly by the Covid19 pandemic. They would also have bills and loans to pay. But, there’s no need to worry. The government is providing more and more loans to help these small businesses. The US Small Business Administration (SBA) is offering low-interest rates disaster loans thereby helping small businesses to recover from the damage. The economic injury loans offer up to $2million in assistance which can be used for anything.

• The interest rate for small businesses is 3.75%.
• The interest rate for non-profit organizations is 2.75%.

It is suggested to apply for the SBA loan as soon as possible because there are many more businesses trying to apply for the same. Thus, apply as soon as possible.

General grants

General grants are being continuously received from various huge organizations like Facebook, Google, Verizon, GoFundMe, etc.

• Facebook has decided to offer $40 million to help small businesses and these funds are available in 34 different locations. Check out the locations and apply, if you’re eligible for it.
• US Chamber of Commerce Foundation in alliance with Vistaprint is going to provide funds for small businesses that have an employee size of around 3-30. The applications would begin on 20th April.
• Verizon has contributed $5 million to help small businesses. The first round is over and the second round is yet to begin shortly.

Paycheck protection program

A loan designed to provide a grant for small businesses. The amount of grant the company receives will depend on the payroll of the last 12months. One month’s worth of payroll is taken and is multiplied by 2.5. The resultant is the amount of grant provided by the Federal government to small businesses. It is recommended to apply early and it is good to keep a record on what you’re doing with it.

Economic injury disaster loan

The loan advance of $10,000 will be given which need not be repaid. Funds will be made available via an application process. Eligibility criteria are that the small business must accommodate less than 500 employees and private non-profit organizations. Business owners of all US states, Washington DC and its territories are eligible for this loan provided by SBA.

You do not have to fear about your business in this crisis time. You have to help yourself and others too. Grab the information for your business and also guide others too.

If you are small business owners, this document is very useful for you.

COVID-19 RELIEF for Small Businesses Act of 2020

Single Mother Grants To Start A Business

Single mothers with a the idea of initiating a business need funding so that their project can take off. Such funding can be availed in the form of a loan which has to be paid in the form of monthly installments else it can be gained through a grant.

Single Mother Grants To Start A Business
Single Mother Grants To Start A Business

Grant money is provided by many agencies and the money given is quite sufficient to initiate business and advertise it well. Furthermore, there is no need to pay it back.

Grants To Single Mothers For Starting A Business

• Check out grants.gov which is basically a site that offers information on all federal grants, which makes it the best resource to find small business grants and by narrowing your search, you can learn which ones are given to single mother alone. Here, you will find information on the various government agencies offering such grants and how to avail them.
National Association for the Self-Employed (NASE) Growth Grants is one of the best means of getting money to start a small business, provided you become their member by paying a $120 fee. In order to gain access to specific amount of money, you need to demonstrate skills for it. The grant can be applied in their site and there is the chance to get grant prizes of $4000 each.
• Look into IdeaCafe Grant, which is offers grants to anyone who wants to start a small business but most people getting it are women entrepreneurs. It is a micro grant of Rs.1000, one that can be availed by just filling out an application. The amount dispersed is $1000 and is best for innovative small business ideas, which can be initiated within or equal to this amount.
• Check out the Eileen Fischer grant which offers a considerable amount to women with good business ideas and interests. In order to avail it, about 51 percent of the business ownership must be in the hands of the applicant and the business must have been operated for about three years. Every year, ten business owners are granted money from it.
• The Girlboss Foundation grant is an interesting one, which can be availed by women working in creative industries. Through the grant, a funding of $15000 can be availed and the business that is going to be initiated will get exposure through the Girlboss website and various types fo digital channels.
GrantsforWomen.org is a wonderful resource of information on grants for women entrepreneurs, no matter what their industry. This site gives a wide range of opportunities that can be availed to get grants for starting desired business.
• The Fedex Business Grant is offered for any type of business ideas. In addition to the money made available through funding, the winner also gets free Fedex business services and printing services. Since 2013, this grant has provided about $250000 to women entrepreneurs all over the country.
• Why not try out the InnovateHer Challenge which is hosted by the U.S Small Business administration (SBA). Enter the competition, with a marketable product or service that can transform women’s lives or benefit it positively. After the first level of competition is over, you will go to the second level and in the finals there will be three winners who will get $40,000, $20,000, and $10,000.

Single Mother Entrepreneurs

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