In addition to federal support, there are state resources available to you + your business at this difficult time.
Your business has…
- 1 to 4 employees that can demonstrate at least a 25% decrease in revenue as a result of COVID-19
- Been in operation for at least 6 months
- No outstanding tax liens or legal judgments
- Located within the five boroughs of New York City
You may be eligible for the a NYC Employee Retention Grant, covering up to 40% of their payroll for two months and businesses can access up to $27,000. For more info, click here.
The NJEDA is offering…
- Small Business Emergency Assistance Loan (application opens April 13th, 2020 @ 9 AM)
- Small Business Emergency Assistance Grant (application currently open here)
For more NJ-specific resources, click here.
- General link COVID-19/Novel Coronavirus Information for New Jersey Businesses
- Broken down into topics – with individual links within
For a ATL-specific, small business COVID-19 resource list, click here.
Through the ATL Business Continuity Loan Fund, businesses can apply for a loan between $5,000 and $30,000 to cover rent and mortgage payments and employee wages. For more info click here.
Click here for #ATLSTRONG’s FAQ page regarding Coronavirus.
Take the Atlanta COVID-19 Emergency Program Interest Survey to help Mayor Keisha Lance Bottoms allocate $7 million in emergency funds. Click here for the survey.
- $5,000 to $20,000
- Option 1: 0% for a term of up to 18 months,
with repayment deferred for up to 6 months
- Option 2: 3% for a term of up to 5 years,
with repayment deferred for up to 12 months (for profit businesses)
- Option 3: 2% for a term of up to 5 years,
with repayment deferred for up to 12 months (for tax-exempt businesses)
- Option 1: 0% for a term of up to 18 months,
Eligible Borrowers: For-profit and tax-exempt businesses in the City of LA with 100 or fewer employees that have been negatively impacted by the COVID-19 outbreak and will make their best effort to continue or re-establish their business operations and employees
- Business must have a Business Tax Registration Certificate with the City of Los Angeles’ Office of Finance that was filed prior to March 01, 2020
- There is no credit minimum, however the principal business owner(s) must have reasonable and responsible personal credit history and an acceptable explanation for any derogatory marks
- Bankruptcies and debt write-offs must be at least 12 months old
- Businesses must show that historical profits would have been sufficient to service the requested debt and that they have been impacted by the COVID-19 outbreak
- Primary business operation must be physically located in a commercial–use building within City of Los Angeles boundaries
- All business owners who hold 20% or more ownership must guarantee the loan
- A co-signer with reasonable credit and sufficient income to re-pay the loan can be included as a guarantor to mitigate weaknesses in the loan request.
For more details on the micro-loan program, click here.
If your business is located in San Francisco, you may be eligible for a loan up to $50,000, with 0% interest rate. You must…
- Be an existing business located in the City of San Francisco (SF Business addresss)
- Be a for-profit business in good standing
- Have total annual revenues under $2,500,000
- Have a valid San Francisco Business License
- Be free of any city/county tax liens or judgments
- Have a business bank account
- Demonstrate a 25% drop in revenues since January 1, 2020.
- Must have 3 years remaining on lease, if business is location dependent.
For more info on the SF Hardship Emergency Loan Program, click here.
NOTE: There’s a temporaty moratorium on Commercial Evictions Regulations for commercial tenant/or subtenant that…
- is registered to do buisness in SF
- has combined worldwide gross recipts for tax year 2019 equal to or below $25 million.
More info here.
The program provides cash incentives, no-interest loans, low-interest loans and technical assistance for small businesses. To be eligbile for assitance, your buisness must…
- Be a for-profit business (non-profit organizations are not eligible)
- Employ up to 50 full-time equivalent employees (under 15 for the incentive program)
- Have a physical location in Oklahoma City (online businesses are not eligible)
- Have been in operation for at least 1 year as of March 16, 2020
- Be able to demonstrate a 50% drop in revenue between March 16-April 15, 2020 compared to the same period in 2019
NOTE: Applications close April 17th.
For more info, click here.
For the TX state government’s Coronavirus economic response page, click here.
For Texas City businesses (50 employees or less), you may be eligible for small business grants up $25,000. For more info, head over to this webpage.
For info on FL’s state business recovery information, click here.
For information on the CT Recovery Bridge Loan Program, click here.
EFFECTIVE IMMEDIATELY: the DRS extends the filing deadline for certain annual state business tax returns – for more info, click here.
For general resources (updated continually by the State) regarding small buisnesses in CT, click here.
The Maryland Small Business COVID-19 Emergency Relief Grant Fund includes…
- Grants up to $10,000 not to exceed 3 months of cash operating expenses for Maryland businesses and nonprofits impacted by the COVID-19 with 50 or fewer employees.
- Must be established prior to March 9, 2020.
- $0 application fee
- Apply by April 7, 2021
COVID-19 business relief resources available here, including…
- Electronic trainings on the Economic Injury Disaster Loan (EIDL) program and PPP.
- Meeting link for these webinars are within the site (Registration is not required!)
- April 15th-April 17th
- Training log on information:
- Meeting Link: click here
- Meeting Phone: 646-876-9923
- Meeting ID: 498 988 675#
- Training log on information:
For COVID-19 Resources for small businesses in Virginia, click here.
For state government updates regarding taxes, click here.
- Any income tax payments due during the time period of April 1, 2020, to June 1, 2020, will now be due on June 1, 2020 *individual and corporate*
- Late payment penalties will not be charged if payments are made by June 1, 2020.
For more Virginia-specific resources, click here.
Click here for a link to Denver Business Assitance Programs for information regarding grants, loans, local support, and taxes.
TAX EXTENSION, LATE FEE WAIVED! Denver businesses won’t have to pay the 15% late fee if they’re unable to pay their business taxes that are due in March or April.
In resposne to COVID-19, Denver has also launched the Small Business Relief Program, designed to assist eligible small businesses that may have had to temporarily close, have difficulty with paying their rent and utilities, or have had to lay off staff. which…
- Prioritizes those industries who are most impacted by the coronavirus pandemic, such as the food industry, nail salons, barbershops, home childcare providers, and retail shops.
- Provides up to $7,500 in cash grants
- The FCCDC finances both start-up and existing small businesses for a wide range of purposes. They lend between $5,000 and $200,000 to both existing and start-up businesses.
Emergency micro-loan program, North Central MA has launched – click here for more info.
If your small buisness (5 employees or less) is located in Fitchburg, you may be eligible for an Emergency Small Buissness Grant. Click here for more info.
For MN-specfic Small Business Emergency Loans, click here.
There are Working Washington Small Business Emergency Grants available. Eligibility includes…
- Applicants should have been in business for at least one year.
- Businesses with up to 10 full-time employees (FTEs) may apply for a one-time grant of up to $10,000.
- Funding is not meant to help launch a business, but to support existing businesses who are specifically affected by the COVID-19 crisis and are vital members of their local community.
- Grant recipients are eligible to receive one Working Washington Grant award during the current budget cycle, which ends on June 30, 2021.
Approved grant expenditures:
- Grant funds can used for operational expenses including rent, supplies/inventory, utility bills, etc. as well as consulting, marketing, and training.
- Applications must include a list of proposed expenses grants will be spent on. Applications without a list of proposed expenses will be considered incomplete.
For more info on this grant program, click here.
If your business is seeking a tax filing extension, you’ll need to apply – more info here.
The state is working to compile a larger list of local bankers, financial associations, telecoms, utilities and major employers that may be able to provide relief, such as:
- Deferred bills, waived fees, discounts, no-interest loans and other support.
- Debt and late-penalty forgiveness for companies and workers in order to help keep people employed.
- Favorable credit terms for firms that encounter cash flow problems.
For Washington state-specific relief during COVID-19, check out this webpage.
There are also the Washington state “SharedWork” programs worth exploring. SharedWork is a voluntary business sustainability program that provides flexibility to retain employees at reduced hours, designed to…
- Support business stability
- Retain skilled workers
- Reduce payroll costs
- Be a smart alternative to layoffs
- Explore training programs that develop workforce skills
For more general info on the programs available, click here.
To apply, head over to this page.
AMAZON (Seattle specfic)
The e-commerce giant has announced a Neighborhood Small Business Relief Fund for Seattle-area businesses. To be eligible for a grant…
- Recipients must have fewer than 50 employees or less than $7 million in annual revenue.
- Located in the Seattle/Bellvue area.
- You must have an Amazon account
Utah Leads Together Small Business Bridge Loan program
- During round two, loan applications will be accepted from Utah for-profit and 501(c)3 nonprofit organizations, from April 13 at 8 a.m. to April 16 at noon (MDT)
- Applicants must demonstrate financial stress or disrupted operations
- Notices from tenants closing operations and not paying rent caused by loss of income.
- Notice of inability to pay rent or make loan payments due to reduced sales or suspended operations.
- Increased costs related to COVID-19 prevention measures.
- Notice of disrupted supply network leading to a shortage of critical inventory or materials.
- Other circumstances subject to review on a case-by-case basis
For a list of resources available to small businesses in Wisconsin during the COVID-19 outbreak, click here.
For a full list of SBA Guidance & Loan resources, click here.
For more generalized information hub regarding small bushiness response to coronavirus, click here.