As stay-at-home orders due to the COVID-19 pandemic linger, small and midsize businesses (SMBs) are under increased pressure. Funding for many loans has already run dry, as demand continues to outstrip supply.
What’s more, loans often carry interest and conditions for repayment. Since many SMBs have lost crucial revenue, they’re scared to take out loans for fear of not being able to repay them. As a result, several local and state governments, along with corporations, are offering grants to help SMBs stay afloat.
21 grants to help U.S. small businesses survive the pandemic
We’ve curated a list of 21 grants that U.S.-based SMBs can apply for so they can stay in business throughout COVID-19. Each funding source below is a grant that carries no interest or terms for repayment.
While reviewing this list, keep in mind that you should apply for any eligible grants as soon as possible. As with loans, demand far exceeds supply. Additionally, many grants support small businesses in specific locations and/or sectors. Be sure to check each grant’s eligibility requirements before applying.
- Supports businesses with fewer than 50 employees or less than $7 million in annual revenue.
- Must have a physical presence within a few blocks of Amazon’s Regrade, South Lake Union, and Bellevue, WA, office buildings.
- Up to $10,000 for businesses with less than 50 employees.
- Available for businesses based in Arlington County, VA.
- $1,000 grants to U.S.-based beauty professionals who have been in business for at least one year as of March 2020.
- Priority will be given based on the date unemployment began, 2019 salary rate, and number of dependents.
- Up to $100,000 per recipient for small business owners in fashion, apparel, and/or retail.
- Supports SMBs with no more than 30 employees and $10 million in revenue.
- Emergency grant to support small, for-profit businesses in Fitchburg, MA.
- Applicants must provide documentable business income loss.
- Grants ranging from $1,000 to $50,000.
- Supports locally owned businesses headquartered in Dane County, WI.
- Up to 30,000 small businesses in countries where Facebook operates will earn grants.
- Recipients must have between two and 50 employees and have been in business for over a year prior to COVID-19.
- $340 million total in ad credits for global small businesses with Google Ads accounts.
- Up to $10,000 per business.
- Available for businesses with less than $500,000 in revenue.
- $10,000 COVID-19 Business for All Grants are awarded on a rolling basis.
- Up to $25,000 available for businesses with fewer than 50 employees.
- Funds will support up to 60 days of verifiable working capital.
- Up to $10,000 per applicant.
- Preference will be given to entrepreneurs of color, women-owned businesses, and other enterprises in historically underserved areas lacking access to flexible, affordable capital.
- Up to $5,000 per applicant.
- Supports nonprofit arts and cultural organizations that are incorporated and/or located in the state of Michigan.
- Tiered grants of up to $20,000.
- Supports early education businesses in Philadelphia, PA.
- $5,000 grants will be given to 1,000 women entrepreneurs.
- Applications will open on May 4, June 1, July 6, and August 3.
- Up to $50,000 per business.
- Supports businesses with fewer than 50 employees in Summit, New Jersey.
- Microgrants ranging from $100 to $1,000.
- Supports businesses that operate in Texas, have been open for at least two years, and are still currently open.
- $10,000 per business.
- Available for businesses located and/or operated in Texas that are at least 51% directly owned and controlled by women.
- Up to $5,000 per business.
- Available for businesses in Topeka/Shawnee County, KS.
- Up to $20,000 added to existing loan clients.
- Available for current community development financial institutions (CDFI) clients in Wisconsin.
- Free access to Yelp page upgrades and $100 in free search ads for restaurants serving takeout/delivery.