

Commercial Financial Assistance Resources
- The Federal Reserve established a Main Street Lending Program to support lending to small and medium-sized businesses that were in good financial standing before the COVID-19 pandemic. The program operates through two facilities: the Main Street New Loan Facility (MSNLF) and the Main Street Expanded Loan Facility (MSELF).
- Additional information can be found here
- The crowdsourcing investment company is offering 0% loans up to $15,000 with no payments for six months.
- Additional information can be found here
The U.S. Small Business Administration (SBA) has posted a revised, borrower-friendly Paycheck Portection Program (PPP) loan forgiveness application. In addition to revising the application, the SBA also published a new EZ version of the forgiveness application that applies to borrowers that:
· Are self employed and have no employees; OR
· Did not reduce the salaries or wages of their employees by more than 25%, and did not reduce the number or hours of their employees; OR
· Experience reductions in business activity as a result of health directives related to COVID-19, and did not reduce the salaries or wages of their employees by more than 25%.
The full forgiveness application is also linked here
Both applications give borrowers the option of using the original 8-week covered period (if their loan was made before June 5, 2020) or an extended 24-week covered period. These changes will assist in a more efficient process and make it easier for businesses to realize full forgiveness of their PPP loan.
- Expanded for individual operating as sole proprietor or independent contractor for Jan 31 to Dec 31, 2020
- Emergency grant of $10,000 advance payment to eligible EIDL applicant; repayment not required if loan is denied.
- Business loan application can be found here
- Supporting information can be found here
U.S. Small Business Administration (SBA)
- Low-interest federal disaster loans for small businesses suffering substantial economic injury
- Eligibility based on impact; up to $2 million
- Interest rate is 3.75% for small businesses and 2.75% for private non-profit organizations
- Additional information can be found here
- The SBA will also pay the principal and interest of new 7(a) loans issued prior to September 27, 2020.
- The SBA will pay the principal and interest of current 7(a) loans for a period of six months.
- Additional information can be found here
- California Governor’s Office of Business and Economic Development offers the following loan programs for businesses from one to 750 employees (small businesses)
- Additional resources can be found here
- For declared disaster areas to help lenders and small businesses by providing loan guarantees of up to $1 million
- Loans from $500 to $10,000 to low-wealth entrepreneurs in the declared disaster and emergency areas
- Designed to provide up to 100% coverage on certain loan defaults
- Additional information can be found here
- Disaster assistance for individuals, families, and businesses compiled here
- Up to $50,000 in zero-interest loans will be available for Portland businesses with $5 million or less in annual gross revenue.
- Find additional information here
- An initiative started by The Spanx by Sara Blakely Foundation. Partnering with GlobalGiving, 1,000 grants of $5,000 will be made to female entrepreneurs in the U.S. to help alleviate the immediate needs caused by COVID-19.
- Additional information can be found here
- Hello Alice is offering $10,000 to small business owners impacted by Coronavirus. In addition to funding, grant recipients will receive ongoing support from the Hello Alice community.
- Apply for a grant here
- GRC’s mission is to provide support to hospitality employees affected by unanticipated hardship.
- Find additional information and the application here
- CORE provides emergency funds for those with children who work in the food and beverage industry.
- Find the application here
- This program provides emergency funds for bartender’s, bar backs, bar servers, or those who are otherwise engaged in the service or preparation of alcoholic beverages
- Find the application here
- A fund to support restaurant service workers struggling amidst the COVID-19 crisis
- Find additional the application here
- Aiming to provide resources and financial assistance to restaurant workers.
- Additional information can be found here
- The Foundation launched a fund that will be gathering support from corporate, foundation, and individual donors to provide micro-grants to independent food and beverage businesses in need.
- Given the high volume of applicants, the fund has been currently suspended. Check in for updates on the application process here
- Cash grants and ad credits for up to 30,000 eligible small businesses
- Next steps can be found here
- Making grants of up to $10,000 to small business owners impacted by COVID-19, especially to entrepreneurs of color, women-owned businesses, and other enterprises in historically under-served places who don’t have access to flexible, affordable capital.
- Learn more and apply here
Southern Smoke Emergency Relief
Program
- A fund providing emergency
funding to those in the food and beverage industry who are in need
- Application can be found here
- The #TogetherMV Fund is a partnership between the City of Mountain View and Los Altos Community Foundation to raise and distribute donations to Mountain View community members (rent relief and small business relief)
- Business owners who want to apply for funds can email [email protected] to get on an interest list. Interest list members will be notified when the application process is opened, and what they will need to apply.
- Please find the complete press release here
- To donate on the portal, please click here
- The Small Business Relief Fund will provide immediate support to struggling self-employed and small business owners.
- Additional information can be found here
- The City of Santa Clara has established a program where they are offering small business grants of up to $5,000 for essential businesses.
- The application can be accessed here
- The San Mateo County Strong Fund (SMC Strong) was established by the San Mateo County Board of Supervisors (help from the Silicon Valley Community Foundation), with $3 million in funding to support San Mateo County residents, small businesses and non-profits.
- Find additional information on the program here
- One-time grants that will help to cover basic living expenses such as rent, food and utilities to restaurant employees facing unforeseen hardship.
- Find additional information and the application here
- Yelp has announced $25 million in relief, primarily focused on supporting independent local restaurants and nightlife businesses, in the form of waived advertising fees, free advertising for products and services.
- Additional information can be found here
- Square is waiving all software subscription fees for the month of March and April for existing sellers.
- Additional information can be found here
- Small businesses can set up a digital gift card through Facebook and share it on their unique Instagram profile. When customers click on the gift card, they’ll be able to purchase it online immediately.
- Additional information can be found here
- Any business can sign up to sell gift certificates online through Kabbage payments.
- Additional information can be found here
- A federal advisory committee comprised of small business owners and representatives of national women’s business organizations
- Additional information can be found here
- Prosper Portland is focused on creating economic growth and opportunity for Portland and has created a page dedicated to COVID-19 business resources that can be found here
- Use the SBA’s local assistance directory to find the office closest to you.
- Resource can be found here
- A partner of SBA’s who will help businesses process and submit applications at no cost.
- They can be found here
- Assistance for Small Businesses, they can be found here
- Information on interim workplace safety during COVID-19 can be found here
- Requires certain employers to provide their employees with expanded family and medical leave
- Up to two weeks paid sick time
- Up to an additional 10 weeks paid sick leave
- For the effective period April 1, 2020 to December 31, 2020
- Covered for certain public employers, and private employers with fewer than 500 employees
- Additional information can be found here
International Council of Shopping Centers (ICSC)
- State-by-state business closures and government mandates, as pertains to retail real estate, can be found here