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The impact of COVID-19 on America’s small businesses and the employees that work for them has been devastating by restricting operations, limiting customer demand, and putting many out of work. We have compiled this list of financial resources for businesses and workers, including federal, state, city, and private programs.

We have also created a Back-to-Business Toolkit to help businesses navigate the ups and downs of getting back to work. It includes data on business operations and foot traffic by city and state. It also has guides and resources to manage new regulations, health and safety concerns, employee morale, and more.

National Coronavirus Resources for Small Businesses

CARES Act and COVID-19 Economic Relief Bill

The CARES Act amends the Small Business Act to create the Paycheck Protection Program. Under the program, eligible businesses—or those with fewer than 500 employees—can quickly receive loans up to a maximum amount to eligible businesses to help pay up to eight weeks of payroll costs. 

The loans can also be used for rent, health benefits, insurance premiums, utilities, etc. You can apply with this application for the program.

The COVID-19 Economic Relief Bill was passed December 27, 2020. It allows small businesses who received a PPP loan under the CARES Act to receive another one if they have less than 300 employees and if they can demonstrate a revenue loss of 25%.

SBA’s Economic Injury Disaster Loans

The SBA is offering low-interest federal disaster loans for eligible small businesses and non-profits reeling from the financial impact the coronavirus is causing. The deadline to apply has been extended to December 31, 2021.

  • Eligible small businesses can receive loans of up to $2 million.
  • The loans may be used to pay fixed debts, payroll, accounts payable, and other bills that can’t be paid because of COVID-19.
  • The interest rate is 3.75% for small businesses without other credit options, and 2.75% for non-profits.
  • A long-term repayment plan of up to 30 years can help keep payments affordable.

SBA Debt Relief

The SBA is providing financial reprieve to small business owners who have been affected by COVID-19. Learn more by visiting their Debt Relief page.

Your local SBA District Office

Get in touch with your local SBA office to see if they have any additional resources specifically designed for business owners in your area.

Facebook

Facebook created a free Business Resource Hub with resources for businesses struggling to navigate the COVID-19 outbreak.

Small Business Relief Initiative

Intuit Quickbooks teamed up with GoFundMe and Yelp to launch the Small Business Relief Initiative to provide small business owners with the financial support and resources needed to continue running their businesses during and after the coronavirus crisis.

Each company has donated $500,000 to start the fund, which will provide grants to small businesses across the United States, starting with the hardest hit areas. The fund will also issue $500 matching grants to qualifying businesses that raise at least $500 on GoFundMe.

Freedom Financial

Freedom Financial is offering free guidance on small business assistance programs, as well as any other financial issues you may have.

Arizona Coronavirus Resources for Small Businesses

Shared Work Unemployment Compensation Program 

The Shared Work Unemployment Compensation Program allows an employer to divide the available work or hours of work among a specified group of affected employees instead of a layoff, and it allows the employees to receive a portion of their Unemployment Insurance benefits while working reduced hours. 

An approved Shared Work Plan is valid for one year and an employee may be eligible for up to 26 weeks of Shared Work benefits. To be eligible, an employer must certify that the reduction in hours replaces a layoff which would have resulted in a reduction of at least the same number of hours of work. 

Visit the Arizona Department of Economic Security’s website to apply.

Arkansas Coronavirus Resources for Small Businesses

Shared Work Unemployment Compensation Program 

The Shared Work Unemployment Compensation Program allows an employer to divide the available work or hours of work among a specified group of affected employees in lieu of a layoff, and it allows the employees to receive a portion of their Unemployment Insurance benefits while working reduced hours. 

To be eligible, employers must have a positive reserve account and must not have had a temporary layoff of the affected group of employees in the last four months. 

View the Arkansas Division of Workforce Services’ PDF of the program to learn more and apply. 

California Coronavirus Resources for Small Businesses

California Small Business COVID-19 Relief Grant Program

The California Small Business COVID-19 Relief Grant Program provides micro-grants up to $25,000 small businesses and non-profits impacted by COVID-19.  The deadline to apply is Wednesday, January 13 at 11:59 PT. You can do so here.

California Capital Access Program (CalCAP)

CalCAP provides loss coverage to businesses with 500 or fewer employees. To learn more, contact one of these providers.

Unemployment Insurance Work Sharing Program

Employers who are considering laying off employees due to a slowdown in business from the coronavirus can apply for the UI Work Sharing Program, which partially offsets reduced worker hours and wages with UI benefits. The program allows you to retain trained employees and quickly prepare for when business improves.

You can apply for a Work Sharing plan by completing the application and mailing it to the address on the top of the form.

Rapid Response Program

Rapid Response meets with business owners onsite to discuss strategies for avoiding potential layoffs and assist in providing further training to employees to increase the competitiveness and profitability of the business.

To get started, contact America’s Job Center of California.

 

Oakland Coronavirus Resources for Small Businesses

Small Business Technical Help

Oakland’s Business Assistance Center is working directly with employers to connect them with organizations that offer financial help, technical assistance, and more.

To receive the help, visit oaklandbusinesscenter.com and fill out the online assessment form.

San Francisco Coronavirus Resources for Small Businesses

Business Licensing Fee Deferment

San Francisco is also deferring annual small business license and permit fee due dates that make up the Unified License Bill until June 30, 2020.

For information on both the tax and business licensing fee deferments, visit the COVID-19 Tax and License Deferral site.

Small Business Resiliency Fund

The Office of Economic and Workforce Development created the Small Business Resiliency Fund to offer up to $10,000 in emergency grants for businesses affected by COVID-19. You must be able to show a loss in revenue to be eligible for the grant.

To learn more about the grant, visit the COVID-19 Small Business Resiliency Fund site.

Loan Funds

San Francisco provides access to capital and technical assistance through the Revolving Loan Fund, as well as the Emerging Business Loan Fund, which offers loans of up to $250,000 to qualifying commercial projects.

Contact Karla De Leon at 510-830-3226 or email her at sanfrancisco@mainstreetlaunch.org to learn more about your loan options.

Colorado Coronavirus Resources for Small Businesses

Work-Share Program

The Colorado Work-Share program allows employees of businesses affected by COVID-19 to keep working, but with fewer hours. While an employee is working fewer hours, he or she may be eligible to collect part of his or her regular unemployment benefits.

Employers must satisfy the following requirements to be eligible for the program:

  • Your normal weekly hours must have been reduced by at least 10%.
  • The reduction must affect at least of your employees.
  • You must have paid as much in premiums as the Colorado
  • Department of Labor and Employment paid your former employees in unemployment insurance benefits.

Connecticut Coronavirus Resources for Small Businesses

Shared Work Program 

The Shared Work Program allows an employer to divide the available work or hours of work among a specified group of affected employees in lieu of a layoff, and it allows the employees to receive a portion of their Unemployment Insurance benefits while working reduced hours. 

All employers with at least two employees are eligible. The reduction in work cannot be less than 10% or more than 60%, and you cannot eliminate any fringe benefits during the duration of the plan. 

You can find the application for the program at the Connecticut Department of Labor’s website

Florida Coronavirus Resources for Small Businesses

 

Short-Time Compensation Program

The Short-Time Compensation Program allows an employer to divide the available work or hours of work among a specified group of affected employees in lieu of a layoff, and it allows the employees to receive a portion of their Unemployment Insurance benefits while working reduced hours. 

To apply, visit the Employer Login page of CONNECT

Indiana Coronavirus Resources for Small Businesses

Indiana Small Business Development Center

The Indiana SBDC offers no-cost business advising and disaster relief loan application assistance for small businesses impacted by the COVID-19 pandemic.

Iowa Coronavirus Resources for Small Businesses

Voluntary Shared Work Program

The Voluntary Shared Work Program allows an employer to divide the available work or hours of work among a specified group of affected employees in lieu of a layoff, and it allows the employees to receive a portion of their Unemployment Insurance benefits while working reduced hours. 

You must have five employees enrolled in the plan. To participate, fill out this application and email it to vswclaims@iwd.iowa.gov.

Kansas Coronavirus Resources for Small Businesses

Shared Work Program 

The Shared Work Program allows an employer to divide the available work or hours of work among a specified group of affected employees in lieu of a layoff, and it allows the employees to receive a portion of their Unemployment Insurance benefits while working reduced hours. 

To participate, employers must have reduced the normal weekly hours for two or more employees by at least 20%, but no more than 40%. Submit this application to the Kansas Department of Labor at KDOL.SharedWork@ks.gov.

Maine Coronavirus Resources for Small Businesses

Finance Authority of Maine

FAME and participating lenders will make special terms available to Maine-based businesses that have experienced interruption or hardship due to COVID-19. Various benefits include:

  • Loans up to $50,000 offered at reduced interest rates
  • Interest-only payments
  • Up to 75% pro-rata loan insurance on loans up to $100,000
  • Interim financing in conjunction with the SBA wherein FAME makes loan proceeds available while approved SBA borrowers await federal funding.

WorkShare Program  

The WorkShare Program allows an employer to temporarily reduce their work hours in a particular unit, shift or company from 10% to 50%, and it allows the employees to receive a portion of their Unemployment Insurance benefits while working reduced hours. 

To apply, call (207) 623-6783 for more information. 

Maryland Coronavirus Resources for Small Businesses

Work Sharing Program

The Work Sharing Program allows an employer to divide the available work or hours of work among a specified group of affected employees in lieu of a layoff, and it allows the employees to receive a portion of their Unemployment Insurance benefits while working reduced hours. 

A minimum of two employees are required for the program. To apply, email ui.worksharing@maryland.gov and a representative will contact you.

Massachusetts Coronavirus Resources for Small Businesses

Loan Fund

Gov. Charlie Baker announced a $10 million loan fund to help support employers whose businesses have been impacted by COVID-19. Massachusetts-based businesses with under 50 employees will be able to receive up to $75,000 in emergency funding. If you are eligible, you will receive the funds immediately and have no payments for six months.

To apply for the loan, visit the Massachusetts Growth Capital Corporation’s COVID-19 page. Note: The deadline to apply is January 15, 2021.

WorkShare Program

The WorkShare Program allows an employer to divide the available work or hours of work among a specified group of affected employees in lieu of a layoff, and it allows the employees to receive a portion of their Unemployment Insurance benefits while working reduced hours. 

The plan is valid for 52 weeks. To be eligible, you must have a positive reserve balance and be up-to-date with your unemployment insurance contributions. Log in to your UI Online account to apply. 

Michigan Coronavirus Resources for Small Businesses

Michigan Small Business Relief Program

Starting April 1, the Michigan Small Business Relief Program will provide $10 million in low-interest loans and $10 million in grants to eligible Michigan businesses. The loans are for employers with 50 employees or less, and the grants are for companies with less than 100 employees.

Keep an eye on this page for updates on both programs and how to apply.

Work Share Program

The Work Share Program allows an employer to divide the available work or hours of work among a specified group of affected employees in lieu of a layoff, and it allows the employees to receive a portion of their Unemployment Insurance benefits while working reduced hours.

Employers must be current on unemployment taxes and must have paid wages for at least 12 of the previous quarter. To apply, file an online application through the Michigan Web Account Manager.

Detroit Development Fund

This program is accepting funding applications from businesses in the Detroit area who have been impacted by COVID-19. To apply, call (313) 784-9547 or email the organization at vholsey@detroitdevelopmentfund.com.

Metro Community Development loans

Small businesses in these 13 counties can apply for microloans or market-rate loans ranging from $5,000 to $250,000. To learn more, contact mrankins@metroflint.org.

Northern Initiatives Loan Program

Northern Initivatives provides up to $2 million in loan funding to help businesses impacted by COVID-19. To learn more, visit their application page.

Minnesota Coronavirus Resources for Small Businesses

Otto Bremer Trust Community Benefit Financial Company Emergency Fund

The Otto Bremer Trust Community Benefit Financial Company dedicated $50 million to support nonprofit organizations in the form of short-term loans, emergency grants, and lines of credit.

To apply, submit an inquiry.

Shared Work Program

The Shared Work Program allows an employer to divide the available work or hours of work among a specified group of affected employees in lieu of a layoff, and it allows the employees to receive a portion of their Unemployment Insurance benefits while working reduced hours.

To participate, your unemployment insurance tax account balance must be paid in full, your workforce cannot be seasonal or temporary, and your UI employer account must be complete and up to date. 

Fill out this application and submit it to shared.work@state.mn.us

Missouri Coronavirus Resources for Small Businesses

Shared Work Unemployment Compensation Program 

The Shared Work Program allows an employer to divide the available work or hours of work among a specified group of affected employees in lieu of a layoff, and it allows the employees to receive a portion of their Unemployment Insurance benefits while working reduced hours.

The Missouri Division of Employment Security may approve an application if the employer has at least three affected employees, and if the work hours and wages are reduced by at least 20% (but not more than 40%). 

Fill out this application and submit it to the DES for approval. 

Montana

Otto Bremer Trust Community Benefit Financial Company Emergency Fund

The Otto Bremer Trust Community Benefit Financial Company dedicated $50 million to support nonprofit organizations in the form of short-term loans, emergency grants, and lines of credit.

To apply, submit an inquiry.

Nebraska Coronavirus Resources for Small Businesses

Short-Time Compensation 

Short-Time Compensation allows an employer to divide the available work or hours of work among a specified group of affected employees in lieu of a layoff, and it allows the employees to receive a portion of their Unemployment Insurance benefits while working reduced hours.

The program allows employers to uniformly reduce affected employees’ hours by 10-60%. Click here to apply. 

New Hampshire Coronavirus Resources for Small Businesses

WorkShare Program

The WorkShare Program allows an employer to divide the available work or hours of work among a specified group of affected employees in lieu of a layoff, and it allows the employees to receive a portion of their Unemployment Insurance benefits while working reduced hours.

To be eligible, you must be up-to-date on your taxes and be in good standing with the New Hampshire Department of Labor, and you must certify that you are reducing the number of hours by 10%-50% for affected employees. 

Visit the NH Employment Security’s page on the WorkShare application process to learn more. 

New Jersey Coronavirus Resources for Small Businesses

Business Support Eligibility Wizard

There are several programs available to New Jersey business owners seeking funding due to COVID-19. To see which programs you are eligible for, you can use the NJ COVID-19 Business Support Eligibility Wizard.

Shared Work Program 

The Shared Work Program allows an employer to divide the available work or hours of work among a specified group of affected employees in lieu of a layoff, and it allows the employees to receive a portion of their Unemployment Insurance benefits while working reduced hours.

You must have at least 10 employees to be eligible. To apply, fill out this application and mail it to: New Jersey Department of Labor and Workforce Development, Division of Employer Accounts, Shared-Work Approval Unit, PO Box 913, Trenton, New Jersey 08625-0913. 

New Mexico

Small Business Recovery Loan Fund

Recent legislation allocated $400 million in funds from the New Mexico State Severance Tax Fund to provide loans to small businesses and nonprofits that have been impacted by COVID-19. To apply, visit New Mexico Finance Authority’s website.

New Mexico Recovery Fund

Larger businesses with more than 40 employees may be eligible to receive a four-year loan of $500,000 – $10 million. To determine your eligibility, fill out the eligibility questionnaire.

New York Coronavirus Resources for Small Businesses

Shared Work Program

The Shared Work Program allows an employer to divide the available work or hours of work among a specified group of affected employees in lieu of a layoff, and it allows the employees to receive a portion of their Unemployment Insurance benefits while working reduced hours.

You must have at least two employees working in New York State to apply, and you must have paid UI contributions or elected reimbursement of benefits paid to your former employees for four consecutive quarters. 

Visit your Employer Information page on UI Online Services to apply. 

North Dakota

Primary Sector Business loans

Businesses can apply for loans or equity investments of up to $1 million. Fill out this application and send it to zwmanstrom@nd.gov.

Otto Bremer Trust Community Benefit Financial Company Emergency Fund

The Otto Bremer Trust Community Benefit Financial Company dedicated $50 million to support nonprofit organizations in the form of short-term loans, emergency grants, and lines of credit.

To apply, submit an inquiry.

 

Ohio Coronavirus Resources for Small Businesses

SharedWork Program 

The SharedWork Program allows an employer to divide the available work or hours of work among a specified group of affected employees in lieu of a layoff, and it allows the employees to receive a portion of their Unemployment Insurance benefits while working reduced hours.

You may apply for the program if you have at least two affected employees and are current on all unemployment insurance reporting and taxes. Visit www.unemployment.ohio.gov and log in to your OJI Employer benefits account to apply. 

Oregon Coronavirus Resources for Small Businesses

Work Share Program 

The Work Share Program allows an employer to divide the available work or hours of work among a specified group of affected employees in lieu of a layoff, and it allows the employees to receive a portion of their Unemployment Insurance benefits while working reduced hours.

You must select three or more employees with reduced work hours to participate in the program. You must certify that work hours will be cut by at least 20%, but no more than 40% per week. 

Visit this site to learn more about the requirements and apply. 

Pennsylvania Coronavirus Resources for Small Businesses

Shared-Work Program

The Shared-Work Program allows an employer to divide the available work or hours of work among a specified group of affected employees in lieu of a layoff, and it allows the employees to receive a portion of their Unemployment Insurance benefits while working reduced hours.

You must have at least two affected employees to qualify for the program, and every employee must have their work reduced by the same amount. Fill out this application and submit to the Pennsylvania Office of Unemployment Compensation.

Rhode Island Coronavirus Resources for Small Businesses

WorkShare Program

The WorkShare program allows an employer to divide the available work or hours of work among a specified group of affected employees in lieu of a layoff, and it allows the employees to receive a portion of their Unemployment Insurance benefits while working reduced hours.

You need at least two employees to be eligible for the program. To apply, fill out this application and fax it to (401) 462-8506.

Texas Coronavirus Resources for Small Businesses

Shared Work Program

The Shared Work program allows an employer to divide the available work or hours of work among a specified group of affected employees in lieu of a layoff, and it allows the employees to receive a portion of their Unemployment Insurance benefits while working reduced hours.

The percentage of reduced hours can be different for different individuals, as long as the reduction in normal weekly hours ranges from 10 percent to 40 percent each week. To apply for the program, log in to Employer Benefits Services and submit your Shared Work Plan online.

Wisconsin Coronavirus Resources for Small Businesses

Otto Bremer Trust Community Benefit Financial Company Emergency Fund

The Otto Bremer Trust Community Benefit Financial Company dedicated $50 million to support nonprofit organizations in the form of short-term loans, emergency grants, and lines of credit.

To apply, submit an inquiry.

Work-Share Program

The Work-Share program allows an employer to divide the available work or hours of work among a specified group of affected employees in lieu of a layoff, and it allows the employees to receive a portion of their Unemployment Insurance benefits while working reduced hours.

Your plan must include the greater of 20 positions or 10% of employees in a work unit. For example: 

  • If 20 employees are  in a work unit, the plan must include all 20 employees in the unit.
  • If 100 employees are in a work unit, the plan must include at least 20 employees in the unit.

To apply, fill out this application  and mail it to: 

DWD-Unemployment Insurance
Employer Service Team
P.O. Box 7942
Madison, WI 53707

You can also fax it to (608) 267-1400. 

Remember, this is not official legal advice. If you have any questions or concerns about possible funding programs, it’s best to contact a lawyer.

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