FUNDING SOURCES for Colorado's small businesses affected by COVID-19
Updated: Apr 13, 2020
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Hoping that this information can help!!! STAY WELL!!
Funding Sources The Colorado Office of Economic Development and International Trade (OEDIT) has put together a list of different funding options for small businesses.
Facebook Small Business Grants Program Facebook announced a $100 million program to help small businesses as governments throughout the country urge gyms and restaurants to close their doors to slow the coronavirus pandemic.
El Pomar Assistance Fund El Pomar Foundation announced the establishment of the Colorado Assistance Fund (CAF). CAF is a $1 million fund offering immediate aid to nonprofit organizations supporting Colorado communities, organizations and individuals affected by the recent outbreak of COVID-19.
Kiva Loans The nonprofit organization Kiva provides 0% interest loans to small businesses worldwide. They are expanding eligibility and the amount of loans provided during this crisis.
JP Morgan Chase Assistance to Small Businesses JPMorgan Chase announced a $50 million global philanthropic commitment to address the immediate public health and long-term economic challenges from the COVID-19 global pandemic. $8 million to assist small businesses vulnerable to significant economic hardships in the U.S., China and Europe.
Colorado COVID-19 Relief Fund Grants The Colorado COVID Relief Fund’s purpose is to raise and coordinate allocation of funds based on prevention, impact and recovery needs of community-based organizations in Colorado. This Fund is organized to ensure that the most acute community needs across the state are being addressed and that community voice is reflected in all funding decisions made over time.
Verizon Small Business Recovery Fund Thanks to a $2.5 million investment from Verizon, LISC is offering grants to help small businesses fill urgent financial gaps until they can resume normal operations or until other more permanent financing becomes available.
COVID-19 CO Creatives Relief Grant The COVID-19 CO Creatives Relief Grant is a one-time payment to non-profit arts organizations in Colorado with an annual operating budget of less than $1 million. These grants are dependent on available funds. All grants are for general operating support. Priority will be given to small and mid-size organizations, particularly those working in underserved communities. Grant funds need to be expended by December 31, 2020. The award amounts will be based on the organization’s cash operating revenue for the most recently completed fiscal year.
SheaMoisture $1M Relief Fund SheaMoisture is offering a $1M relief fund for businesses owned by women of color.
Spanx Grant Spanx is offering $5M in grants to female entrepreneurs.
EBAY Pledges $100M to help small businesses move online eBay announced the launch of "Up & Running," an accelerator program aimed at helping retailers without an e-commerce presence transition to selling online. The e-commerce platform is pledging $100 million to support North American small businesses.