DMPED Microgrant Program for Small Businesses East of the River
Building on Mayor Bowser’s DC Small Business Recovery Microgrants Program administered by DMPED, the Department of Housing and Community Development (DHCD) will make available $800,000 in Community Development Block Grant (CDBG) funding allocated from the U.S. Department of Housing and Urban Development (HUD) to eligible for-profit small businesses in Wards 7 and 8. Businesses must demonstrate a need for short-term working capital to retain jobs held by low- and moderate-income employees that may be loss due to business closures related to COVID-19. The program will provide support up to $10,000. Applications will close on Friday, May 29th. Applications and information on the program can be found here.
Washington Women Entrepreneurs COVID-19 Recovery Fund
Applications are now open for the local grant started by Kim Cayce and Citrine Angels, offering emergency grants for women-owned small businesses in the DC area of up to $5,000 to female founders who are in desperate need of funds. To learn more and apply for a grant, visit here. All Grant applications are due May 15th, 12:00 pm ET.
PayPal Application for Paycheck Protection Program (PPP) loan
The application page is currently unavailable. Please check back for updates here. The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities. Click here to access all the details directly from the SBA.
Save Small Business Fund
The U.S. Chamber is no longer able to accept applications. Those who did submit an application will be notified if it results in a grant. Visit their website to get updates on the status of federal assistance programs, such as the Paycheck Protection Program, as well as guides to help small businesses apply for and receive assistance.
Verizon’s Small Business Relief Grants (LISC)
Facebook’s Small Business Grants Program
Facebook has announced that it will give $40 million in grants to 10,000 U.S. small businesses that have been negatively affected by coronavirus. See the eligibility and apply here. Application available now. Check out their Small Business Grants Guide here.
US Chamber of Commerce Resource Guide and Checklist
The US Chamber of Commerce has put together a great resource guide and checklist for the Paycheck Protection Program (PPP). We have attached the PDF to this email or you can find it online here.
Alice’s “COVID-19 Business For All” Emergency Grants Program
Alice is launching its emergency grants program in partnership with the U.S. Chamber of Commerce Foundation and hundreds of entrepreneur networks and government agencies to support small business owners during this challenging time. Apply to receive $10,000 for your business; grants will be distributed on a rolling basis. Click here to find more resources for your business through its COVID-19 Business Resource Center.
SBA’s COVID-19 Economic Injury Disaster Loans
SBA Economic Injury Disaster Loans now includes a $10,000 advance available within 3-days of application and does not require repayment. (Application available immediately)
SBA’s Paycheck Protection Program
The SBA resumed accepting Paycheck Protection Program applications from participating lenders on Monday, April 27th, 2020 at 10:30 am EDT. Click here to visit their website.
Spanx’s The Red Backpack Fund
Who is eligible to apply? Majority women-owned businesses and nonprofits in the United States with annual revenues less than $5M, at least one paid employee, and with fewer than 50 individuals on staff. Sole proprietors and/or businesses that exclusively employ contractors are not eligible to receive this grant. Businesses must be in good standing and incorporated as a legal entity, and be able to demonstrate that the COVID-19 pandemic is causing hardship. The application is currently closed but GlobalGiving will accept additional applications each month. The portal will open for applications on May 4th, June 1st, July 6th, and August 3rd. Click here to learn more.