Downtown Phoenix companies have been hit onerous by coronavirus-related closures and security measures, however there are a rising variety of assets and reduction packages to show to. The record under may aid you or somebody you already know, so make sure you bookmark it, and share it with a fellow small enterprise proprietor.
Please contact Sara Scoville-Weaver at firstname.lastname@example.org with questions.
The SBA Financial Harm Catastrophe Help Mortgage is a federal program that gives small companies with working capital loans of as much as $2 million. The Metropolis of Phoenix has ready a helpful video on how to apply for an SBA mortgage.
The Paycheck Safety Program is a federal mortgage program designed to supply direct incentive for maintaining employees on payroll. This mortgage is separate from the SBA Financial Catastrophe Loans. How to apply
*As reported by the Business Journal on 4/29, “smaller group banks could also be having a better time in processing and getting small enterprise loans permitted.”
Prestamos, a Group Growth Monetary Establishment, is providing COVID microloans of as much as $25,000 with the primary six funds paid straight by the SBA.
Kiva Small Enterprise Loans are managed by a non-public nonprofit offering 0% curiosity loans for U.S. primarily based entrepreneurs.
The CDFI community is partnering with Google to launch the Grow with Google Small Business Fund to assist small companies.
The Metropolis has launched three new grant alternatives:
The Metropolis of Phoenix in coordination with the Phoenix IDA is providing grants as much as $10,000 to native companies and startup firms.
The Metropolis of Phoenix is providing grants as much as $5000 to native microbusinesses, solo practitioners and entrepreneurs affected by Covid-19.
APS is providing small companies assist via a particular new fund. Present prospects on the Additional Small or Small Enterprise Plans who’re two months or extra late on their invoice can obtain a invoice credit score of $1000.
Hi there Alice, a free platform to assist launch and develop enterprise, is providing $10,000 grants to be distributed instantly to small enterprise homeowners impacted by coronavirus.
This grant from the Higher Enterprise Bureau will now accepting purposes. Precedence shall be given to companies with 5-20 staff and people which might be BBB accredited.
Salesforce has introduced a $3M small enterprise grant program that may present $10,000 to 300 for-profit small companies.
Further assets and useful instruments
Obtain customized, one-on-one enterprise technical help and assist navigating payroll, HR, authorized, finance and mortgage purposes at The Greater Phoenix SCORE, your native SBDC workplace or Local First Arizona.
Concentrate on scams
We encourage you to additionally bear in mind that there are already some COVID-19 scams taking place. Please watch out with any e-mails you obtain promising help or with uncommon hyperlinks or sender e-mail addresses. Beware of those scams and excessive curiosity loans.