Small businesses should consult with their local lender as to whether it is participating in the program.
Information can be found at https://www.sba.gov/funding-programs/loans/paycheck-protection-program
SBA Economic Injury Disaster Loans are working capital loans to help small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private, non-profit organizations of all sizes meet their ordinary and necessary financial obligations that cannot be met as a direct result of the disaster. These loans are intended to assist through the disaster recovery period.
Details on SBA’s Economic Injury Disaster Loan Program and information on how to apply can be found at https://disasterloan.sba.gov/ela/
Small Business Funding Application Help Line
A joint partnership established between Greater Dubuque Development Corporation (GDDC), the Small Business Development Center (SBDC) – Northeast Iowa Region, Winneshiek County Development and Tourism, and Northeast Iowa Community College will help small business owners navigate the application process for local, state and federal funding.
Trained experts from the organizations will help guide businesses seeking assistance through Governor Kim Reynolds’ and State of Iowa’s COVID-19 Iowa Small Business Relief Program. The program providesfinancial assistance and tax deferral to eligible small businesses impacted by COVID-19.
Business owners may call (563) 588-3350 between 8:30 a.m. – 4 p.m., Monday through Friday, or email at firstname.lastname@example.org.
When a small business owner calls the help line, a team of coaches from NICC/SBDC and GDDC will provide one-on-one assistance to navigate the application process, manage paperwork and answer questions.
Facebook is offering $100M in cash grants and ad credits for up to 30,000 eligible small businesses in over 30 countries. Details will be shared at https://www.facebook.com/business/boost/grants as they become available.
Bumble is giving out $5k grants to select small businesses who apply through their website. Details and application is available at https://bumble1.typeform.com/to/RGxcXG?fbclid=IwAR03xHBhanX3_f-dxRBLAZb5u94fgmo39jBhvLcQYBr1jDWWgvRlbZTrFXQ
In response to the COVID-19 pandemic, the Fayette County Community Foundation has established a fund called the Fayette County COVID-19 Disaster Response Fund. The intent of the fund is to be responsive to nonprofits serving Fayette County that are providing basic needs services and organizations working with individuals and families who have been disproportionately impacted by the public health and economic consequences of the coronavirus pandemic. This fund provides an opportunity for the public to give with the reassurance their donations will be used to quickly move resources to where they are most needed and to adapt to evolving needs.
Gifts can be made to the fund by going to cfneia.org/fayettecovidfund and clicking on the “Give Today” button.
A fund has been created to support Targeted Small Businesses (TSB) with zero employees that have been economically impacted by the COVID-19 pandemic. The program offers eligible small businesses grants ranging from $5,000-$10,000 to businesses that are sole proprietors or single-member LLCs that are also TSB certified, or have an application submitted to the Iowa Economic Development Authority (IEDA) by April 10, 2020 to become TSB certified. Information and application can be found at https://www.iowaeconomicdevelopment.com/programDetails?pid=137&ppid=26.
The Restaurant Workers’ Community Foundation launched a fund that is currently raising donations to deploy to small business restaurants and their workers.
The United States Bartenders Guild has an emergency assistance program for COVID-19 relief.
In order to qualify for grant assistance from the Bartender Emergency Assistance Program, the applicants must be a Bartender or the spouse or child of a Bartender. The Bartender Emergency Assistance Program defines a “Bartender” as an individual employed in serving beverages or otherwise engaged in the production, promotion or distribution of alcoholic beverages.
Information and application can be found at https://www.usbgfoundation.org/beap.