Emergency Loans and Grants for Small Businesses

Small businesses are struggling in the wake of the COVID-19 crisis, including both for-profit and non-profit entities. Assistance is available to small businesses in the form of loans and grant programs. We will update this page with opportunities available to small business nationally and locally in Northeast Ohio.

Emergency loans and grants for small businesses:

Amazon Neighborhood Small Business Relief Fund

Amazon has established a $5M fund to support Seattle-area small businesses. To be eligible for a grant, recipients must have fewer than 50 employees or less than $7M in annual revenue. Applications are being accepted online now.

Deadline: N/A

Hello Alice Business for All

Businesses can apply for grants of up to $50,000, including $10,000 emergency COVID-19 Business for All grants. Grants are awarded on a rolling basis, and general, non-emergency grant applications are due September 25, 2020.

Deadline: N/A

Google

Google has committed significant funds in response to COVID-19: $250M in ad grants to the World Health Organization and government agencies, $200M to NGOs and financial institutions supporting small businesses, and $15M in cash grants. Businesses with Google Ads accounts should receive free credit notifications, to be used anytime in 2020.

Deadline: N/A

Local Initiatives Support Organization

Verizon has invested $2.5M in the Local Initiative Support Corporation to distribute $10,000 grants to small business, with an emphasis on those owned by women and entrepreneurs of color. The next round of funding is expected to open in mid-April.

Deadline: N/A

GoFundMe

Partnering with Yelp, GoFundMe is providing $500 matching grants to businesses that raise a minimum amount on their GoFundMe pages.

Deadline: N/A

Jewish Free Loan Society

Grants are available to businesses in Los Angeles and Ventura counties that have been impacted by the coronavirus outbreak. Businesses can apply online.

Deadline: N/A

Mainvest

Small businesses that launch crowdsourced capital fundraisers on Mainvest may be eligible for a $2,000 loan.

Deadline: N/A

James Beard Foundation Food and Beverage Industry Relief Fund

The Foundation is providing financial assistance to small, independent restaurants at risk of going out of business due to the pandemic. While the Fund is currently closed to applications, the Foundation is actively raising additional dollars so that it can continue supporting small businesses in the industry.

Deadline: N/A

Restaurant Workers' Community Foundation

This Foundation is raising funds that will be distributed to individual restaurant workers, nonprofit organizations serving restaurant workers in crisis, and restaurants with immediate financial needs. Grants to individuals are already available; information on accessing zero-interest loans is pending.

Deadline: N/A

U.S. Chamber of Commerce Foundation Save Small Business Fund

Partnering with VistaPrint and other contributors, this Foundation will distribute $5,000 grants to small employers in economically vulnerable communities in the United States. Online applications will be made available April 20, 2020.

Deadline: N/A

IFF SBA Paycheck Protection Program

With partner Community Reinvestment Fund, IFF is distributing dollars from the SBA Paycheck Protection Program. While funds are not currently available, organizations are still encouraged to begin the application process.

Deadline: N/A

Cuyahoga County Small Business Stabilization Fund

Both grants and loans are available to Cuyahoga County small businesses. While there is no set deadline, organizations are encouraged to apply as soon as possible.

Deadline: N/A

City of Cleveland Emergency Working Capital Fund

This city is extending loans of up to $10,000 to businesses that have been negatively impacted by the coronavirus outbreak. Applications are available online and should be emailed to economicdevelopment@clevelandohio.gov once completed. There is no deadline, but businesses are encouraged to submit an application as soon as possible.

Deadline: N/A

Salesforce Care Small Business Grants

Teaming with Ureeka, Salesforce is offering up to $10,000 grants to small businesses negatively impacted by the COVID-19 pandemic. Eligibility requirements dictate that a business have fewer than 50 employees and that annual revenue not exceed $2M.

Deadline: Varies by state

Lorain County COVID-19 Small Business Emergency Relief Grant Program

Grants of up to $2,500 are available to Lorain County small businesses employing no more than 20 individuals. Applications are currently on hold, but are likely to reopen.

Deadline: N/A

Faith In Stark Small Business Stabilization Fund

Small businesses in Stark County can apply for grants of up to $5,000. They must employ no more than 10 people. Applications will be weighed as they are received; there is no deadline.

Deadline: N/A

Summit County COVID-19 Small Business Emergency Relief Grant Program

The Greater Akron Chamber has announced and additional $5 million investment for a second round of grants of up to $5,000 to Summit County small businesses that have been economically impacted by the COVID-19 pandemic. The eligibility guidelines have been expanded and now include businesses with 2-30 employees and sole proprietorships, and no longer require that applicants have also applied for SBA assistance.

Deadline: N/A

Honeycomb Crowdfunded Small Business Relief Loans

Honeycomb Credit has extended more favorable terms for its loans to small businesses in light of the COVID-19 outbreak. Applicants will use the loans to support operations.

Deadline: N/A

HFLA of Northeast Ohio

HFLA of Northeast Ohio is accepting interest-free loan applications from individuals and families in need. Loans will total no more than $1,500 and should support the costs of lost wages, child care, and medical expenses.

Deadline: N/A

Freelancers Relief Fund

This fund awards grants of up to $1,000 to freelancers experiencing economic hardship or health crisis as a result of COVID-19. Funds are currently on hold, but may reopen to applicants in the future.

Deadline: N/A

National Association for the Self-Employed

Growth Grants of up to $4,000 are available to NASE members to address specific business needs, including those that have emerged as a result of the COVID-19 pandemic.

Deadline: N/A

National Restaurant Association Education Foundation

The Restaurant Employee Relief Fund awards $500 grants to restaurant industry employees who have been impacted by COVID-19, either through a decrease in wages or loss of employment. Funds are currently on hold, but may reopen to applicants in the future.

Deadline: N/A

Fit Pro Relief Fund

The $500,000 Fit Pro Relief Fund will award approximately 500 grants of $1,000 to professionals in the fitness and wellness industry who have been impacted by COVID-19. The fund was created by Inspire360 and the co-founders of IDEA Health and Fitness Association and American Council on Exercise (ACE).

Deadline: N/A

Visit our complete Resource Center for Grant Seeking During Crisis