COVID-19 Resources for Small Businesses (with credible links)
Updated: May 14
ver the last few days, several programs were announced offering assistance to small businesses impacted by coronavirus. That's why we've put together this resource guide to help our network navigate their way through available options as efficiently as possible.
Facebook announced a $100 million grant for small businesses impacted by COVID-19 and launched the Business Resource Hub, that features recommendations to help small businesses stay connected to customers and stay on track.
GoFundMe has partnered with Yelp to allow independent businesses to start fundraisers and accept donations through Yelp’s pages.
The Yelp Foundation and GoFundMe also both pledged to donate up to $1 million to the GoFundMe.org Small Business Relief Fund.
Google’s pledge to donate $800 million for pandemic relief includes efforts to help businesses get access to funds.
JPMorgan pledged $50 million to help struggling customers, and $8 million in aid to small businesses, in particular.
Kiva is urging small businesses to apply for 0% interest loans for up to $15,000. They are also offering an extended grace period: New borrowers can access a grace period of up to six months.
Opportunity Fund, which specializes in money lending to small businesses owned by women, immigrants and people of color, is collaborating with investors and nonprofits to put together a coronavirus relief fund that will provide grants and low-interest-rate loans to business owners in need.
Wefunder, an investment crowdfunding platform, launched a Coronavirus Crisis Loans program enabling small businesses to crowdfund loans of $20,000 to $1 million from supporters.
Yelp announced the company is providing $25 million in coronavirus relief for independent restaurant and nightlife businesses in the form of waived advertising fees, and free advertising, products and services.
Whether it's communicating the basics to help stop the spread of coronavirus, developing safety policy or new protocols, or giving employees the tools and training to work remotely, small businesses are working around-the-clock to make sure they are doing what they need to do to keep in compliance.