Small Business Disaster Loans & Grants

Inside the SBDC Webinar link below, you will find a question and answer session on the EIDL Loans scheduled for 11:00 tomorrow, as well as other webinar’s and websites with good information.

http://asbdc.org/newsletter/

More information:

Paycheck Protection Program Loan (“PPP Loan”) (SBA 7(a))
Covered period for loan: February 15, 2020 through June 30, 2020.
Loan Proceeds must be used for payroll (including employee salaries*, hourly wages, cash tips, paid sick or medical leave, and group health insurance premiums), existing interest payments on mortgages, rent payments, leases, and utility service agreements.

*up to an annual rate of pay of $100,000.00

 

 

Economic Injury Disaster Loan (SBA 7(b))

Covered period for substantial economic injury: January 31, 2020 through December 31, 2020
Loan Proceeds can be used for payroll, working capital, accounts payable, fixed debts, other bills that cannot be paid due to COVID-19 impact

 

Grant information that may be helpful:

Children of Restaurant Employees (CORE) Resources
Providing support to food and beverage service employees, with children, who have been medically diagnosed with COVID-19.
  • If a food and beverage employee is diagnosed with COVID-19, apply here.
  • If a food and beverage employee with children, and a family member who resides in the same home is diagnosed with COVID-19 and a doctor requires you to quarantine, apply here.
Verizon & Local Initiatives Support Corp (LISC)
  • With a $2.5 million investment from Verizon, LISC is offering grants to help small businesses fill urgent financial gaps until they can resume normal operations or until other more permanent financing becomes available.
  • Register below for Round 2 beginning mid-April.  Grant max of $10,000
COVID-19 Restaurant Workers’ Community Foundation
Synopsis In partnership with Southern Smoke Foundation this fund was created to provide support and assistance for those in the food and beverage community and their suppliers during times of crisis.
Fiscal Year 2020
Focus Area Economic Development; Entrepreneurship
Website Link COVID-19 Restaurant Workers’ Community Foundation [southernsmoke.org]
Keywords COVID-19, Restaurant
Priority (4) Undecided

 

Hello Alice & Verizon Business for All Grant – Deadline September 25th – https://businessforall.helloalice.com/about#covid19

Offering $10,000 grants to be distributed immediately to small business owners impacted by coronavirus

 

 

GoFundMe Small Business Relief Fund

In partnership with Intuit QuickBooks, Yelp, GoDaddy, and Bill.com

Yelp Restaurant Ads Program

Yelp has announced $25 million in relief, in the form of waived advertising fees, and free advertising, products and services for independent local restaurant and nightlife businesses and franchisees with fewer than five locations.

  • Right now the relief program ends on April 30th

 

 

  • Restaurant clients that offer delivery and/or takeout, we’ll provide $100 in free search advertising.