|KKR – SMALL BUSINESS BUILDERS|
|Created as a key pillar of KKR’s COVID-19 Relief Effort, KKR Small Business Builders (SBB) aims to support entrepreneurs and their small businesses around the world. The grants are designed to help business owners sustain their enterprises, maintain or create jobs, and spur economic opportunity as they respond to the ongoing COVID-19 crisis and recover from its resultant economic dislocation. KKR Small Business Builders will support companies in three key ways:|
|THE LATINX MOSAIC GRANT PROGRAM|
|Dany Garcia believes in the power of creating an ambitious entrepreneurial future for the business leaders of tomorrow. This program is dedicated to all Latinx of any origin, heritage, nationality, lineage, indigenous roots, racial background, country of birth, or ancestors before arriving in the United States.
Dany Garcia will award a total of $100,000 to Latinx small and new business entrepreneurs through short-term financial aid grants with the goal of keeping the entrepreneurial dream alive amidst the global pandemic.
|METROPOLITAN BUSINESS LEAGUE – WE CARE RVA REBUILD PROJECT|
|The Metropolitan Business League (MBL), in partnership with Venture Richmond, ChamberRVA, Virginia Community Capital (VCC) and Virginia LISC with the support of Dominion Energy, Altria, Capital One, Robins Foundation and the Community Foundation — will continue its efforts of supporting small, women and minority-owned businesses financially impacted by the COVID-19 pandemic and the social justice demonstrations. These efforts will include providing emergency funding, crisis tools/resources and small business coaching for businesses impacted. In addition, the We Care RVA Rebuild Project will provide clean up, professional services and counseling in the areas of insurance, legal, and architectural design for qualified businesses.|
|ACCESS TO CAPITAL – FOOD SERVICE RECOVERY GRANT PROGRAM|
|Through the Access to Capital Food Service Recovery Grant program, the City of Charlotte will distribute $4 million in federal CARES Act funding to restaurants, bars, food trucks, caterers and music venues located within the city limits of Charlotte. Grants will be awarded in the amount of either $10,000 or $25,000, depending on number of employees.
The grant application period is open from September 21 at noon to October 19 at 5 p.m. Note: the application period may close earlier if all funds are distributed.
Foundation For The Carolinas serves as the City’s grantmaking partner for this effort. Assistance is available at 704.998.6499 or CLTCityGrant@fftc.org
|FREE MASK – ATRIUM HEALTH|
|Wearing a face mask is something simple we can all do to keep our loved ones and neighbors healthy and safe. Medical science shows that face coverings can help slow the spread of coronavirus disease 2019 (COVID-19) and save lives.
In North Carolina, a statewide face covering order is in effect. Everyone is required to wear a face covering in public places, whether inside or outside, where physical distancing of 6 feet isn’t possible.
We want to make it easy for everyone in our community to protect themselves and others by wearing a mask. That’s why Atrium Health is leading a private-public partnership, along with Mecklenburg County, Bank of America, Barings, Blue Cross and Blue Shield of North Carolina, the Carolina Panthers, Charlotte Hornets, CharMeck Responds Coalition, Coca-Cola Consolidated, Duke Energy, Foundation For The Carolinas, Honeywell, Lowe’s, Marand Builders, National Gypsum, Premier, Red Ventures, Rodgers Builders, Sealed Air, State Farm, Trane Technologies, United Way of Central Carolinas, Wells Fargo, YMCA of Greater Charlotte and many others, to supply over 2 million masks. This private-public partnership showcases how business leaders, health professionals, and government officials can work together to help boost our economy.
|COALITION TO BACK BLACK BUSINESSES|
|The Coalition to Back Black Businesses is a multi-year initiative to support Black small business owners and the communities they serve as they recover from the COVID-19 pandemic and chart a path forward. Small businesses are critical parts of communities – the strength of these businesses is essential to the recovery of their communities.
Through the Coalition, American Express, the National Black Chamber of Commerce, National Business League, U.S. Black Chambers, Inc., Walker’s Legacy, and the U.S. Chamber of Commerce Foundation, will work together over the next four years to provide $10 million in grants, training, and resources to empower Black-owned small businesses in distressed communities that have long been struggling with economic growth.
From 2020 through 2023, we will distribute $5,000 grants to more than 280 applicants each fall. We hope these grants can provide some assistance to the Black-owned business community to emerge from this crisis stronger than ever. We know the need for assistance is great, and we wish we could help everyone who needs it.
|SMALL DIVERSE BUSINESS EMERGENCY RELIEF FUND|
|The Institute of Economic Development
Use of Grants:
|Meck County CARES Small Business Relief Grant|
|Soon there will be an additional source of financial relief for small business owners in Mecklenburg County whose businesses have been negatively impacted by
Applications will be accepted for the MeckCounty CARES Small Business Relief Grant beginning on Monday, September 14, 2020.
The grant is made possible thanks to CARES Act funding awarded to the County.
The County has allocated $1.25 million to continue financial support to small businesses during the pandemic.The MeckCounty CARES Small Business Relief Grant will provide up to $25,000 per business located in the any of the six towns or unincorporated areas of the County.
Grant amounts are contingent upon business size and availability.
In order to apply – the small business must:
|South Carolina COVID-19 Small Business/Non-Profit Legal Clinic|
|Charleston Legal Access has partnered with Lawyers for Good Government (L4GG), Jackson Lewis, Nelson Mullins, and Lowcountry Local First to provide a South Carolina Covid-19 Small Business/Non-Profit Legal Clinic. This is an opportunity for small businesses and nonprofit organizations in Beaufort, Berkeley, Charleston, Colleton, Georgetown, Hampton and Jasper County who have suffered adversely from the impact of the COVID-19 crisis to receive free legal advice during a 45-minute remote consultation with a volunteer attorney.
For South Carolina Based Small Businesses and Nonprofits
The Initiative is an opportunity for South Carolina’s organizations who have suffered adversely from the impact of the COVID-19 crisis to receive free, limited-scope legal
|LOWE’S-LISC PARTNERSHIP – GRANT FUNDING AVAILABLE|
|Across the United States, small businesses that form the economic backbone of our communities now face immediate – and oftentimes, crushing – financial pressure because of the COVID-19 pandemic. Many small businesses that were forced to shut down temporarily now are at serious risk of never reopening. Even those small businesses that can still operate remotely face major revenue shortfalls. With little or no reserves to pay their expenses, many will have no choice but to lay off workers and close their doors forever.
Thanks to a significant grant from Lowe’s, LISC will provide the emergency assistance that small businesses desperately need to stay afloat. We will deploy grants to help them bridge the financial gap, and provide guidance to help them navigate the intricate web of public and private resources now available. LISC will focus these efforts on historically underserved communities—especially those enterprises owned or led by minorities and women, who often lack access to affordable capital.
First Round of Lowe’s Grant Awards
Second round of Lowe’s Grant Award
(speed largely dependent on grantee responsiveness)
Eligible expenses include:
To learn how to apply, visit www.LISC.org/lowes
|The President’s Coronavirus Guidelines for America|
|The Department of the Treasury and Small Business Administration issued guidance for the Paycheck Protection Program. The guidance can be found here: -Paycheck Protection Program – Interim Final Rule
Assistance for American Workers and Families
Paycheck Protection Program Resources
30 Days to Slow the Spread
White House COVID-19 Updates
U.S. Department of Health and Human Services:
Centers for Disease Control and Prevention:
What you should know:
Information for Businesses:
Information for Travel and Transportation:
Information for Community Events and Gatherings:
Information for Healthcare Providers, First Responders, and Research Facilities:
Information for Families and Households:
Information for Schools and Childcare Providers:
Agency Resources and Information:
|GUIDE TO MAINSTREAM LENDING PROGRAM|
|As a result of the Coronavirus Aid, Relief & Economic Security (CARES) Act,the Federal Reserve has created theMain Street Lending Program to provide a total of $600 billion in financing for small and medium-sized businesses.|
|SBA Small Business Guidance & Loan Resources|
|Health and government officials are working together to maintain the safety, security, and health of the American people. Small businesses are encouraged to do their part to keep their employees, customers, and themselves healthy.
To find out more about:
|COVID-19: SBA PAYCHECK PROTECTION PROGRAM|
|Following President Trump’s signing of the historic Coronavirus Aid, Relief, and Economic Security (CARES) Act, SBA Administrator Jovita Carranza and Treasury Secretary Steven T. Mnuchin today announced that the SBA and Treasury Department have initiated a robust mobilization effort of banks and other lending institutions to provide small businesses with the capital they need.
The CARES Act establishes a new $349 billion Paycheck Protection Program. The Program will provide much-needed relief to millions of small businesses so they can sustain their businesses and keep their workers employed.
“This unprecedented public-private partnership is going to assist small businesses with accessing capital quickly. Our goal is to position lenders as the single point-of-contact for small businesses – the application, loan processing, and disbursement of funds will all be administered at the community level,” said Administrator Carranza. “Speed is the operative word; applications for the emergency capital can begin as early as this week, with lenders using their own systems and processes to make these loans. We remain committed to supporting our nation’s more than 30 million small businesses and their employees, so that they can continue to be the fuel for our nation’s economic engine.”
“This legislation provides small business job retention loans to provide eight weeks of payroll and certain overhead to keep workers employed,” said Secretary Mnuchin. “Treasury and the Small Business Administration expect to have this program up and running by April 3rd so that businesses can go to a participating SBA 7(a) lender, bank, or credit union, apply for a loan, and be approved on the same day. The loans will be forgiven as long as the funds are used to keep employees on the payroll and for certain other expenses.”
The new loan program will help small businesses with their payroll and other business operating expenses. It will provide critical capital to businesses without collateral requirements, personal guarantees, or SBA fees – all with a 100% guarantee from SBA. All loan payments will be deferred for six months. Most importantly, the SBA will forgive the portion of the loan proceeds that are used to cover the first eight weeks of payroll costs, rent, utilities, and mortgage interest.
The Paycheck Protection Program is specifically designed to help small businesses keep their workforce employed. Visit SBA.gov/Coronavirus for more information on the Paycheck Protection Program.
Read the full press release
|SBA Offers Disaster Assistance to South Carolina
Small Businesses Economically Impacted by the Coronavirus (COVID-19)
|ATLANTA – The U.S. Small Business Administration is offering low-interest federal disaster loans for working capital to South Carolina small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19), SBA Administrator Jovita Carranza announced today. SBA acted under its own authority, as provided by the Coronavirus Preparedness and Response Supplemental Appropriations Act that was recently signed by the President, to declare a disaster following a request received from Gov. Henry McMaster on March 17, 2020.
The disaster declaration makes SBA assistance available in the entire state of South Carolina; and the contiguous counties of Burke, Chatham, Columbia, Effingham, Elbert, Franklin, Habersham, Hart, Lincoln, Rabun, Richmond, Screven and Stephens in Georgia; and Anson, Brunswick, Cleveland, Columbus, Gaston, Henderson, Jackson, Macon, Mecklenburg, Polk, Richmond, Robeson, Rutherford, Scotland, Transylvania and Union in North Carolina.
“SBA is strongly committed to providing the most effective and customer-focused response possible to assist South Carolina small businesses with federal disaster loans. We will be swift in our efforts to help these small businesses recover from the financial impacts of the Coronavirus (COVID-19),” said Administrator Carranza.
SBA Customer Service Representatives will be available to answer questions about SBA’s Economic Injury Disaster Loan program and explain the application process.
“Small businesses, private non-profit organizations of any size, small agricultural cooperatives and small aquaculture enterprises that have been financially impacted as a direct result of the Coronavirus (COVID-19) since Jan. 31, 2020, may qualify for Economic Injury Disaster Loans of up to $2 million to help meet financial obligations and operating expenses which could have been met had the disaster not occurred,” said Carranza.
“These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. Disaster loans can provide vital economic assistance to small businesses to help overcome the temporary loss of revenue they are experiencing,” Carranza added.
Eligibility for Economic Injury Disaster Loans is based on the financial impact of the Coronavirus (COVID-19). The interest rate is 3.75 percent for small businesses. The interest rate for private non-profit organizations is 2.75 percent. SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years and are available to entities without the financial ability to offset the adverse impact without hardship.
Applicants may apply online, receive additional disaster assistance information and download applications at https://disasterloan.sba.gov/ela. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email firstname.lastname@example.org for more information on SBA disaster assistance. Individuals who are deaf or hard‑of‑hearing may call (800) 877-8339. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
The deadline to apply for an Economic Injury Disaster Loan is Dec. 21, 2020.
For more information about Coronavirus, please visit: Coronavirus.gov.
For more information about available SBA resources and services, please visit: SBA.gov/coronavirus.
About the U.S. Small Business Administration
The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.
|SBA Assistance Resources in light of COVID-19 Pandemic|
| The COVID-19 pandemic has resulted in modified and additional SBA resources to help our small businesses, small aquacultural businesses, small agricultural cooperatives and/or most private nonprofit organizations.
Economic Injury Disaster Loans (EIDLs)
The SBA has approved the North Carolina Governor’s request for a disaster declaration, and you may begin the application process. Applicants are encouraged to apply online: https://disasterloan.sba.gov/ela/Account/Login?ReturnUrl=%2Fela%2FLoanApplication%2FStartApplication
Basic info on EIDLs:
|SBA Resources for Counseling and Training|
|The following SBA backed organizations provide assistance to small businesses in the state; email and phone counseling are available.
Dominion Energy Commits $1 Million to Coronavirus Relief Efforts
“The health and well-being of customers and employees is Dominion Energy’s top priority. We are helping customers and communities we serve during this difficult time by maintaining reliable service and providing support and relief to those affected,” said Dominion Energy Chairman, President and CEO Thomas F. Farrell, II. “Our contributions to these organizations will help provide the means to lessen the impact of this outbreak.”