St. Louis County Small Business Relief Program – up to $15,000:
St. Louis County released its application for their Small Business Relief Program which offers a one-time grant of $15,000 or less to for-profit entities, sole proprietorships, and non-profit organizations that have their principal place of business in St. Louis County, had 50 or fewer full-time employees as of March 1, 2020, and was closed during the Stay at Home Order.
LISC Small Business Recovery Fund:
Thanks to support from funders like Verizon and Sam’s Club, LISC is providing grants to small businesses, to help them keep functioning and remain vital facets of their local economies through this challenging period.
Grant Application – Applications for round 2 are now closed. The next round will open on May 14th. Please register to receive email updates on the program.
Community Foundations Relief Efforts:
More than 325 U.S. community foundations in all 50 states, plus the District of Columbia, have created relief funds to support those affected by COVID-19, directing critical relief to local nonprofits and partnering with local governments and health organizations to help contain its spread.
The St. Louis Community Foundation has launched the Regional Response Fund to direct philanthropic resources to local people and institutions most affected.
Small Business Resource Discretionary Grant Program:
The St. Louis Port Authority is sponsoring the Small Business Resource Discretionary Grant Program through the St. Louis Economic Development Partnership. This new St. Louis County program will give $500 discretionary grants to help sole proprietors, contract workers, gig workers, 1099 workers, and other businesses who do not qualify for our Small Business Resource Program (SBRP).
The grant program is giving a preference for businesses in the Promise Zone area in North County and Lemay in South County to help businesses lessen the burden of paying for rent or even for groceries to help them get through this crisis.
Small businesses may apply to and be awarded (subject to lender guidelines) from both programs
- SBA COVID-19 Relief Program Comparison
- Help understanding the difference between SBA loan products
- Get the latest updates from the SBA as of 4/14/20 – Free on-demand webinar
COVID-19 Economic Injury Disaster Loan
The CARES Act establishes an emergency grant to allow an eligible entity who has applied for an EIDL loan due to COVID-19 to request an advance on that loan, of not more than $10,000, which the SBA must distribute within 3 days. Applicants shall not be required to repay advance payments, even if subsequently denied for an EIDL loan.
Paycheck Protection Program
Loans for self-employed & small businesses with under 500 employees for amounts 2.5 times the average monthly payroll & other benefit costs up to $10 million, payments deferred for 6-12 months.
Loan is forgivable for up to eight weeks of the portion used on payroll for employees making under $100,000, rent on a lease executed before February 15, 2020, electricity, gas, water, telephone, internet or other utilities started prior to February 15, 2020 – as long as employees are retained through June 30th.
- Contact your bank/local lender for details or to apply
- Find a local PPP lender
- Paycheck Protection Program Cheat Sheet
- PPP Loan Forgiveness Calculation Form
Justine PETERSEN offers SBA Payment Protection Program Loans under CARES Act. For more information on how to apply for a PPP loan with Justine PETERSEN, please contact Aida Richardson at email@example.com.
$5,000 Grants Available to Female Entrepreneurs:
The Spanx by Sara Blakely Foundation donated $5 million to support female entrepreneurs and teamed up with GlobalGiving to establish the Red Backpack Fund. GlobalGiving will make 1,000 grants of $5,000 each available to female entrepreneurs in the U.S. The current round of funding is open until May 11 at 12pm.
Hello Alice Resource Center:
Applicants can only apply for one of these funds – we recommend you apply for the COVID-19 Emergency Grant first, and other funds in the future if you do not receive a grant through the COVID fund.
PETITION: Small Businesses Call on Congress to Bail Out Main Street:
Urge our members of Congress to provide a massive and bold stimulus package to support small businesses during and after the COVID-19 pandemic.