Connected Commerce Council

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Assistance & Relief

Small businesses are in dire need of assistance as many have been forced to close or rethink operations during the coronavirus outbreak. Those whose operations haven’t been directly affected, have felt its impact through staffing issues or lagging customer demand as the nation locks down to fight Coronavirus. To help you find the funding your business needs to survive, we’re aggregating all available public and private funding options in the easy to navigate tool below.

Find funding immediately available to your business from federal, state, and private sources. We’re updating this page daily with the latest resources available. If you have any questions, please email membership@connectedcouncil.org

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Federal Aid

Restaurant Revitalization Fund

Restaurant Revitalization Fund This program provides emergency assistance for eligible restaurants, bars, and other qualifying businesses impacted by COVID-19. Content Program details Supplemental documents Get help with your application Who can apply How to apply When to apply Set asides Funding amount Allowable use of funds What to expect after you have applied Information about RRF in other languages Applications are now open. See How to apply for more detail. This application can be filled out in Spanish if your internet browser is set to display in Spanish. To do this, set your browser’s language setting (typically found under “Advanced Settings”) to Spanish. Most browsers will require a restart to display in that language. Program details The American Rescue Plan Act established the Restaurant Revitalization Fund (RRF) to provide funding to help restaurants and other eligible businesses keep their doors open. This program will provide restaurants with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location. Recipients are not required to repay the funding as long as funds are used for eligible uses no later than March 11, 2023.

SBA Economic Injury Disaster Loans

The U.S. Small Business Administration (SBA) is offering Economic Injury Disaster Loans up to $2 million per small business, and business owners in all U.S. states and territories are currently eligible to apply for a low-interest loan.

Private Aid

Greenline's Small Business Capital Fund

The Small Business Capital Fund ("SBCF") is a debt fund managed by Greenline, and capitalized with both NMTCs related private investment and mission driven capital. The SBCF seeks to provide capital to impactful, underserved small businesses across the U.S. whose capital needs are often greater than a typical financial institution is able to provide based on the risk profile of the Borrower. Through its subsidized cost of capital, the SBCF provides flexible and below-market rate subordinate capital, and in certain instances, below-market senior capital to its Borrowers. Borrower use of proceeds typically include: -Growth capital and general working capital -Acquisitions or expansion into new markets -Equipment purchases -Refinancings

Nav's Small Business Grant

1. Be a Nav customer or sign up for a free Nav Account. 2. Post on your business’s Facebook, Instagram, or LinkedIn account, like and tag Nav explaining: What your business does and a challenge you overcame or continue to struggle within your business. What you’ll do with the grant funds Bonus points: include a photo of you in action at work. You may write about your challenge, produce a video, do a recording, etc. Get creative, and encourage your friends and family to like and share your post! Read our instructions below about how to tag Nav on your business’s Facebook, Instagram, or LinkedIn account. 3. Send us the URL of your business’s Facebook, Instagram, or LinkedIn account post by filling out this really short form. 4. Agree to let Nav use the content you write on our blog along with your business name (it’s free promotion for your business!)

LiftFund Small Business Disaster Relief Programs

LiftFund is ready to support small business during this time. They’ve partnered with communities across our footprint to lift small businesses while we battle the COVID-19 pandemic.

WaFd Bank Small Business Lifeline

• Businesses that have seen a 10% or greater drop in revenue. • Subject to approved credit. • Requires WaFd Checking account.

Craft3 Business Loans

Craft3 provides low-interest loans to community-based nonprofits and small businesses, with more flexible criteria than traditional financial institutions. Additionally, it is allowing existing Craft3 clients to revise their loan agreements (i.e. due date extensions, temporary payment reductions, etc.).

Open Road Alliance

$50,000 loan to organizations with annual revenues of $1 million or less. 1-2% simple interest. Applications reviewed on a rolling basis.

GoFundMe Small Business Relief Fund

The Small Business Relief Initiative was started by GoFundMe to help small businesses that have been affected by the COVID-19 pandemic and empower their communities to rally behind them. GoFundMe has partnered with Yelp, Intuit QuickBooks, GoDaddy, and Bill.com to provide small business owners with the financial support and resources needed to continue running their businesses during and after the coronavirus crisis.

Musicians Foundation

In today’s volatile professional climate, many musicians experience greater financial risk than ever before. Musicians Foundation provides aid for people who have worked in the US as a professional musician for at least 5 years.

Foundation for Contemporary Arts

For experimental artists who have been impacted by the economic fallout from postponed or canceled performances and exhibitions. Applications for FCA Emergency Grants COVID-19 Fund 2.0 close on March 15, 2021.

OnDeck Term Loan

Been in business 3 years. Personal FICO 600. Annual revenue $250,000+. Have a business bank account.

Paypal Working Capital

Have a PayPal Premier or Business account for 3+ months. Minimum $20,000 PayPal sales in the past year in a Premier account or $15,000 in PayPal sales with a Business account.

Paypal Business Loan

Have a PayPal Business account; processing payments with PayPal is optional. Minimum credit score: 550. Minimum time in business: 9 months. Minimum annual revenue: $42,000. No personal bankruptcies.

National Association for the Self-Employed (NASE) Grant

Growth Grant applicants must be a member in good standing for 3-months prior to submitting an application. (Annual members may apply immediately. Monthly members may apply ninety days after joining the NASE.) - Demonstrate a business need that could be fulfilled by the grant - Provide a detailed explanation of how you will use the grant proceeds - Show how the grant will improve your business growth and success - Offer supporting documentation such as a résumé and business plan"

Sweet Relief Fund

For musician or music industry workers. See link for additional specifications. More information: https://www.sweetrelief.org/covid-19-fund.html

Introducing Salesforce Care Small Business Grants

The Salesforce Care Small Business Grants program will soon be offering $10,000 grants to U.S. small businesses to provide capital to help them weather this crisis. We’ll open the application...

Shopify Capital

Shopify Capital loans are currently limited to Shopify stores located in select US states, while Shopify Capital merchant cash advances are available in all remaining US states: https://help.shopify.com/en/manual/your-account/shopify-capital/united-states/loan#am-i-eligible-for-a-shopify-capital-loan

Wefunder Emergency Funding

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. Website not working.

RWCF COVID-19 Emergency Relief Fund

The Restaurant Workers’ Community Foundation formed a COVID-19 Emergency Relief Fund for small businesses and their restaurant workers, and is accepting donations.

Opportunity Fund Coronavirus Relief Fund

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.

MainVest Main Street Initiative

MainVest, a crowdfunding platform, announced its new Main Street Initiative: a $2,000, zero-interest, 120 day loan for restaurants or other brick and mortars affected by the shutdown, in addition to its normal fundraising offerings.

Kiva 0% interest small business loans

Kiva is urging small businesses to apply for 0% interest loans up to $15,000. The company is also offering a longer grace period: new borrowers can access a grace period of up to 6 months. Application information: https://www.kiva.org/borrow

GoFundMe Small Business Relief Fund

The GoFundMe.org Small Business Relief Fund will provide micro-grants to qualifying small businesses negatively impacted by the COVID-19 pandemic.

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Coronavirus Resources

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Small Business Resilience: The Tiny Tassel

Mimi Striplin always seems happy, no matter the circumstance. It’s a good thing she decided to start a company dedicated to bringing a similar sense of joy to others. Mimi’s business, The Tiny Tassel, started as an Etsy shop, and has since grown a lot bigger. Today, The Tiny Tassel offers handmade tassel jewelry, clothing, and a full line of party decor. It h