Covid-19 Relief Fund Resources for Small Businesses

Our goal is to share as many good, valid resources that could help small business owners in any way possible. We are facing another recession, but unlike the past, there are financial options this time around. Roll up your sleeves and get ready for some elbow grease, let’s ask for advice from others or just share tips with colleagues in our communities. We can’t forget that we’re all in this together now.

Stimulus Payments and Recovery Rebates via CARES Act - Provides rebate amounts for eligible individuals and married couples.
- Individuals who earn $75K in AGI or less: $1,200 rebate
- Married couples earning up to $150K: $2,400 + $500 each child
- Rebate amounts are advance refunds of credits against 2020 taxes
SBA 7(a) Relief Loan: Paycheck Protection Program - The Paycheck Protection Program provides nearly $350B for small business cash-flow assistance through federally guaranteed loans.
- The loans can cover payroll support, employee salaries, rent, utilities, and other debt obligations as America's small businesses recover from the economic impacts of COVID-19.
- A portion of the loan may qualify for forgiveness (!!!) if you meet the qualifications (one of them being that you pay 75%+ of your workforce 100% of their salaries for the eight weeks after loan approval)
Hello Alice Business for All Grants - Hello Alice is offering $10k grants being distributed immediately to small business owners impacted by coronavirus, as part of a broader mission to ensure Business for All. Hello Alice exists as a giant hub for small business owners, so there are lots of other helpful resources such as tutorials on a range of subjects, PDF tip sheets and more!