In light of the coronavirus pandemic, many cities are experiencing lockdowns, business closures, and other economic consequences. Many small businesses are especially affected by these economic difficulties because of the current coronavirus pandemic. However, government and private organizations have acknowledged these difficulties and created disaster assistance programs for small businesses.
We have compiled a list of small business assistance programs in hopes that they will be a resource to small businesses during this trying time.
The Small Business Administration’s Economic Injury Disaster Loan Program will provide targeted, low-interest loans to small businesses and non-profits that have been severely impacted by the Coronavirus (COVID-19) outbreak. Businesses can apply online here. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email firstname.lastname@example.org for more information on SBA disaster assistance.
The Jewish Free Loan Association is also providing interest free loans to small businesses up to $36,000. Apply here.
Facebook Inc. has recently pledged $100 million in ad credits and cash grants for small businesses that have been impacted by the economic damage caused by the Coronavirus (COVID-19) outbreak. More information can be found here.