As many small businesses continue to adjust to the coronavirus, research from the U.S. Chamber of Commerce shows that while some small businesses are optimistic about the future, 82% are concerned about the pandemic's impact. Most believe it will take six months to a year to recover. 

As government and private organizations continue to examine ways to help with emergency small business loans and funding, the country is likely to see a new crop of financial programs soon. In the meantime, here are 21 loans and grants that small businesses can apply for right now. Some are location-based and others relevant to small businesses everywhere. Make sure to consult with your accountant, bookkeeper, or tax professional to understand the implications of taking on a loan. Also, please note the application dates for each program.

  1. Payroll Protection Program
    Probably one of the most talked-about initiatives of the CARES Act, the payroll protection program is intended to help small businesses keep their employees on the payroll for up to 24 weeks. Over the past few months, several updates to the program have helped accommodate the needs of small businesses. Recent calls to automatically forgive loans up to $150,000, which comprise over 80% of funds, are currently being considered by lawmakers.  A short while before it was set to expire, the application date was extended to August 8, 2020, so there is still time to apply. The Small Business Administration has published a state-by-state list of approved lenders.

  2. Economic Injury Disaster Loan (EIDL) Grant program
    This $20B SBA disaster relief for small business owners was set up to help small businesses with $10,000 grants. On July 11, 2020, the SBA announced that they ran out of funds and are not accepting new requests. However, a new bipartisan bill has been introduced to provide additional funding to the EIDL program, so make sure to follow the SBA website to get all the updates.

  3. Economic Injury Disaster Loan (EIDL) loan  program
    Small businesses can still apply for an EIDL loan for businesses. These loans are available for small businesses, independent contractors, freelancers nonprofits, and agricultural businesses. The interest rate is 3.75% and can be paid over 30 years with a one-year deferment. Application.

  4. SBA Express Bridge Loans
    The express bridge loan provides small businesses with a relationship with an SBA express lender and has been affected by COVID-19 with a $25,000 loan to help with revenue loss. The major advantage of this loan is short approval time and minimal paperwork. Program Guide.

  5. Business for All
    Powered by Hello Alice in partnership with Verizon, the Business for All initiative lets small businesses apply for emergency grants up to $10,000 for small businesses in crisis and up to $50,000 to encourage continued business growth. Hello Alice also provides resources to grant winners like video mentorship with industry leaders and an online community of peers. General Business for All Grant applications is due September 25, 2020, at 12:00 am PT.
  6. The Red BackPack Fund
    Established by The Spanx by Sara Blakely Foundation, to support female entrepreneurs affected by and is making at least 1,000 grants of $5,000 each to female entrepreneurs in the U.S. The next application round opens on August 3 so make sure to sign up to receive an email when the application portal opens.

  7. Amber Grant
    Every month the Amber Grant Foundation awards $4000 to a woman-owned business. This month’s application is due by August 31st,2020.

  8. Kiva
    Every month the Amber Grant Foundation awards $4000 to a woman-owned business. This month’s application is due by August 31st,2020.

  9. Your local SCORE chapter, Women’s Business Centers, SBDC office and Veterans Business Outreach Center
    The Small Business Administration works with local chapters all over the country. Contact an office near you to see if there is help on a local level.

  10. Sweet Relief
    If you are in the music industry and have been affected by COVID-19, Sweet Relief can help provide immediate assistance for medical expenses, lodging, clothing, food, and other vital living expenses.

    By Location
  11. Bring Back Brooklyn Fund
    The Bring Bank Brooklyn initiative is a community-driven no-interest loan for Brooklyn small businesses that have been shut out of other loan opportunities. The majority of the loans are reserved for minority/women-owned businesses. The loans “will help small businesses pay their bills, clean and sanitize their shops, hire staff, pay vendors, and more”. 

  12. San Francisco African American Revolving Loan Fund
    The new loan program is supported by an initial investment of $1.5 million to support micro-enterprises and small businesses in San Francisco’s historically Black neighborhoods. The application period is between July 21st and August 4th @ 11:59PM. AARLF Loan Questionnaire.

  13. City of Indianapolis Independent Music Venue OPERATIONS GRANT
    Musical Family Tree has received funds from the city of Indianapolis to help music venues affected by COVID-19. The maximum request amount is $10,000, but organizers expect the average grant to be around $5000. The application window will close on August 7, 2020, at 5:00 pm EDT. Apply here.

  14. Utah County CARES Small Business Grants Program
    Accepting Applications August 3 - August 10, 2020, the program will provide grants up to $20,000.

  15. Pennsylvania COVID-19 Relief Statewide Small Business Assistance
    The program will provide grants ranging from $5,000 to $50,000 to small businesses in Pennsylvania that have been economically impacted by COVID-19. Small businesses must apply through Community Development Financial Institutions (CDFIs)

  16. Missouri Dept. of Economic Development Small Business Grants Program
    The program will provide grants to small businesses and family-owned farms affected by COVID-19 in Missouri. The application period ends on August 31, 2020.

    For small business application requests, applicants should email

    For family-owned farm application requests, applicants should email

  17. Iowa Small Business Utility Disruption Prevention
    The program provides help to small businesses and nonprofits in the payment of their utility bills up to $7,500. Applications will be accepted until August 21, 2020, or until the funds have been exhausted. Applicants need to complete a pre-application screening and upon completion will receive the full application.

  18. Louisiana Main Street Recovery Grant Program
    The grant is a $275 million program to help small businesses with expenses related to COVID-19. Businesses can apply for up to $15,000 to cover eligible expenses. $40 million has been earmarked for the first 60 days for minority, women, and veteran-owned businesses. Applications open on July 28th.

  19. The Montana Business Adaptability Grant
    The program will provide reimbursement of up to $10,000 for COVID-19 expenses related to keeping staff and customers safe.

  20. Orange County Florida Small Business Grant Program
    The Program will provide 6,500 qualifying small businesses $10,000 in grants for normal business expenses.

  21. Rebuild VA grant
    The statewide program will provide small business grants up to $10,000. The application will be available from August 10, 2020. View the webinar to learn how to apply. 

    As lawmakers focus their efforts on a second round of stimulus proposals to help hard hit small businesses, there are still opportunities to get help from existing programs. As the situation develops we will continue to monitor news for new programs. In the meantime if there are additional programs you about, please let us know and we will update the list.