Month: April 2020
TruFund ha lanzado un fondo de $5 millón para apoyar empresarias femeninas o minorías. Este fondo ofrece becas de hasta $10,000 y prestamos de bajo interés (3%) hasta $75,000 con plazos diferidas por 9-12 meses.
- Negocio ha estado operando desde agosto del 2019
- Puede demonstrar perdidas económicas causadas por el COVID-19
- Esta localizado en Nueva York, en el norte de Nueva Jersey, Alabama, Luisana, o Texas
The Bronx Community Relief Effort was established to provide aid to Bronx-based businesses, residents, and students. The Fund has allocated $1.5 million to Bronx-based small businesses, and will be providing 100-175 grants of $5,000-$25,000 to such businesses.
For more information about this Relief Effort, click here.
To express interest in receiving a small business grant, click here (note: select “Small Business Relief” where indicated).
TruFund has launched a $5 million Relief Fund primarily in support of women and disadvantaged minority business owners. The Fund offers grants of up to $10,000 and low-interest (3%) loans of up to $75,000, payment of which may be deferred for 9-12 months.
A business is eligible if it:
- Has been operating since August 2019;
- Can demonstrate economic injury caused by COVID-19; and
- Is located in New York, Northern New Jersey, Alabama, Louisiana, or Texas
Reclamation Ventures has initiated a Wellbeing Relief Fund offering unrestricted grants covering one month of missed revenue (up to $2,500) for wellness (yoga) spaces and instructors that represent underestimated communities.
Applications will be accepted through April 30, 2020.
The Spanx by Sara Blakely Foundation has created the Red Backpack Grant Fund, which offers 1,000 grants of $5,000 each to female entrepreneurs in the U.S. Recipients will also receive a “lucky” red backpack and a free annual all-access pass to 80+
MasterClass instructors (providing entrepreneurship classes).
NOTE: The first round of applications opened on April 6 and closed on April 12. Additional applications will be accepted on May 4, June 1, July 6, and August 3.
A business is eligible for this grant program if it:
- Is primarily women-owned;
- Has annual revenues less than $5 million;
- Has 1-49 employees on staff; and
- Can demonstrate that COVID19 has caused economic
For more information about the Red Backpack Fund, click
Sign up to be notified when the application reopens.
Business owners whose businesses have been affected by the COVID-19 pandemic can create a fundraiser for their business on GoFundMe. If the fundraiser raises $500 or more, eligible businesses may be entitled to a $500 matching grant from the
Small Business Relief Initiative created by GoFundMe.
NOTE: If you start a GoFundMe campaign, be sure to include the hashtag #SmallBusinessRelief in your fundraiser story.
More information about the Small Business Relief Initiative can be found here.
Honeycomb Credit has created a Small Business Relief Loan Program for small businesses impacted by the COVID-19 pandemic. The Program offers two loan options for eligible small businesses. Option 1 offers loans of $10,000- $50,000, with a 45-day payment-free period, 3.75% interest rate over the initial 6-month period, and 5% interest rate over a 3-year fully amortizing loan period (after the initial six months). Option 2
offers loans of $10,000-$25,000 with a 45-day payment-free period, 3.75% interest rate over the initial 6-month period, and 7.5% interest rate over a 3-year fully amortizing loan period (after the initial six months). If you do not qualify for either
of these options (or require more than $50,000), you can fill out their application and see how they can help you out.
For more information about this Program and to apply click here.