Kabbage, "Updates during the COVID-19 outbreak" (April 3, 2020)

Summary

Kabbage resource page titled "Updates during the COVID-19 outbreak." It offers sign-up for alerts about Paycheck Protection Program (PPP) emergency funding under the CARES Act and describes HelpSmallBusiness.com, an initiative for small businesses to offer online gift certificates. The page lists state support, such as Florida loans up to $50,000 with 1-year terms for small businesses with 100 employees or fewer, and Maryland grants up to $10,000. It also lists municipal support, including an Atlanta coronavirus emergency fund allocating $1.5 million to small businesses and San Francisco funds of up to $10,000 for staff salaries and rent.

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Updates during the COVID-19 outbreak

Resources for you

Use these available resources to help you navigate your business through the outbreak. These websites are continually updated, so check back for the latest information.

Get alerts about emergency funding As part of the CARES Act, the Paycheck Protection Program gives small businesses loans to cover costs like payroll, rent and utilities. Sign up for alerts from Kabbage with information on next steps once the program is live. Sign up

HelpSmallBusiness.com We want to make sure you have as many ways as possible to earn revenue during this challenging time. Kabbage is spearheading an initiative that allows small businesses to offer online gift certificates and connects them with consumers across the country. Learn more

STATE SUPPORT

Connecticut: The state extended filing deadlines for certain business taxes.

Florida: Small businesses with 100 employees or fewer can access loans up to $50,000 with 1-year terms from The Florida Small Business Emergency Bridge Loan Program .

Iowa: The Iowa Small Business Relief Program provides access to grants ranging from $5,000 to $25,000 and tax deferrals to eligible businesses.

Maine: Information about applying for an SBA economic disaster loan .

Maryland: The Emergency Relief Grant Fund provides grants up to $10,000 and the Emergency Relief Loan Fund provides businesses with 50 or fewer employees access to loans up to $50,000.

Massachusetts: Small businesses with fewer than 50 employees can access funds up to $75,000 that are immediately available from a relief fund for Massachusetts businesses .

Michigan: The Michigan Small Business Relief Program provides information about small business grants and loans for local business owners.

Minnesota: Review information from the Department of Employment and Economic Development and their interest-free emergency loans ranging from $2,500 to $35,000 to Minnesota-based businesses in need.

New Jersey: Review the information for NJ businesses and the small business services page .

New Mexico: The Business Loan Guarantee Program provides aid to small businesses by guaranteeing a portion of a loan or line of credit up to 80% of principal or $50,000.

South Dakota: Information about applying for economic injury assistance as the state works to qualify for a disaster declaration.

Texas: Information about applying for economic injury assistance .

Washington State: Resource list for affected businesses.

Wisconsin: Companies with fewer than 20 employees can apply for up to $20,000 from the Small Business 20/20 grant program.

MUNICIPAL SUPPORT

Atlanta: The city has approved a coronavirus emergency fund that will allocate $1.5 million to small businesses.

Chicago: The Chicago Small Business Resiliency Loan Fund will provide access to low-interest loans to the city's small businesses.

Denver: The city created a new $4 million small business relief fund. Small businesses can apply for cash grants up to $7,500 as part of the Denver Economic Development and Opportunity's emergency relief program.

Los Angeles: Information on loans ranging from $5,000 to $20,000 with 0-3% interest rates from the city's Small Business Emergency Microloan Program.

New York City: Small businesses with fewer than 100 employees and a 25%-plus revenue decrease can access loans up to $75,000. The city is also offering grants to cover 40% of payroll costs for two months to businesses with five employees or less. Visit New York City assistance or call 311 for info.

Portland: Small businesses located in the city’s Jade District or Old Town Chinatown are eligible to receive support through the city's $190,000 emergency fund . Asian and Pacific Islander business owners will be prioritized.

Philadelphia: Information on immediate relief to local small businesses in the form of grants and zero-interest loans .

Sacramento: Information on the economic relief fund for businesses that provides 0% interest on loans up to $25,000 .

Salt Lake City: Apply for 0% interest loans up to $20,000 as part of the city's emergency loan program.

San Francisco: Small businesses with fewer than five employees are eligible to receive up to $10,000 for staff salaries and rent.

Seattle: Information on grants up to $10,000 for small businesses . The city is also deferring tax payments for business-owner candidates and will set up a small-business recovery task force.

Syracuse: Information on zero-percent interest, 180-day emergency loans up to $25,000 for the city's small businesses.

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