We have compiled the following list of available funding resources to help our small business clients navigate the unprecedented challenges caused by the current crisis. Like this list, many of these programs continue to evolve, and we expect to continue to provide updates and additional information.  

The Small Business Administration (SBA) is beginning to make emergency funding available to companies negatively affected by Coronavirus.

NYC Programs are available to small businesses that have seen a decrease in revenue of 25% or more as a result of COVID-19. Overview and resources - with links to the loan programs - available here: https://www1.nyc.gov/site/sbs/businesses/covid19-business-outreach.page

The New York Community Trust's NYC COVID-19 Response and Impact Fund is offering loans and grants to NYC-based nonprofits struggling to meet the new and urgent needs hitting the city. Priority will be given to nonprofits addressing essential healthcare and food insecurity; arts organizations are also eligible.  Information and applications here: https://www.nycommunitytrust.org/covid19/#nonprofits

Crowdfunding:

  • Mainvest has introduced the "Main Street Initiative". Existing bricks-and-mortar businesses negatively impacted by the virus that launch a funding campaign for a Mainvest revenue-based loan may be eligible for an immediate, $2000 zero-interest loan. More information here: https://mainvest.com/main-street-initiative

Facebook has announced plans to provide cash funding and advertising credits to up to 30,000 small businesses worldwide. Details and application are not yet available. More information here: https://www.facebook.com/business/boost/grants

Google has announced plans to provide up to $340M in advertising credits through the end of 2020 to small businesses worldwide who are existing advertisers on the platform, as “part of a larger commitment to support SMBs”.  Details not yet available. More information here: https://support.google.com/google-ads/answer/9803410?hl=en

 

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Coronavirus Funding Support for NYC