Private-Sector Loan and Grant Opportunities

This resource provides an extensive, aggregate, but not necessarily comprehensive, list of funding sources that may be available to small business owners. Of note, the list flags where a grant program may be targeted at specific historically disadvantaged groups including e.g. Black, Immigrant, Person of Color, or Woman owned businesses.

This information should not be considered comprehensive. This information should not be construed as an endorsement of any specific financial program.

To apply for assistance for your small business, click here.

Bronx Community Relief Effort

Through Community Power, which brings together Bronx-ites and leaders from community-based organizations to strategically deploy resources into areas of critical need, including Food Security, Housing Stability, Health, Education & Technology & Connectivity, Equity & Justice, Economic Opportunity & Relief, Small Business Strength, and Nonprofit Capacity. We will deploy resources and technical assistance to activate community power.

Site Type
Grant
Eligibility

What makes The Bronx Community Foundation unique is that we are place-based and participatory; if you are a member of The Bronx community seeking funding to drive an initiative that addresses one of our four pillars of sustainability, we want to hear from you. We are committed to making our grant application as equitable and accessible as possible.

External URL
https://thebronx.org/grants/
Target Geography
New York City

Brooklyn Chamber of Commerce: EXCELerate Loan Fund

Brooklyn Alliance Capital, Inc. provides financing to under-served minority and immigrant entrepreneurs and low-income small business owners to increase financial stability and foster economic growth that will create jobs in Brooklyn.

Our federally certified Community Development Financial Institution (CDFI) offers micro-loans of $500 - $10,000 to small and medium size businesses.

Site Type
Loan
Tags
Minority
Eligibility

Be a BIPOC-owned (Black, Indigenous, People of Color) small business operating in Brooklyn. (At least 51% of ownership must be BIPOC)

  • Was operating as of January 1st, 2019.
  • Must have been adversely impacted by COVID in one or more of the following ways:
    • Temporarily shut down due to COVID-19
    • Permanently shut down due to COVID-19
    • Showed a significant decline in revenue in 2020 compared to 2019
    • Need access to capital to restart, reopen, or remain open.
    • Are unable to raise/borrow capital from traditional sources on reasonable terms.  (Some exceptions apply - see loan products below.)
    • Have the potential to generate or retain incremental jobs in Brooklyn.
    • Agree to present and adhere to a business recovery plan.
External URL
https://www.brooklynchamber.com/services/financing/
Target Geography
New York City

CA Rebuilding Fund

The California Rebuilding Fund is a loan program designed to help California’s small businesses access the funding they need, including those located in economically distressed areas of the state. The loans are flexible, transparent and are designed to help businesses access the financing and advisory services they need to get through these challenging times.

  • You may qualify for a loan up to $100,000
  • Receive an affordable WSJ Prime Rate* + 1.0% annual percentage rate
    • 0% interest available for eligible SF-based businesses (see loan terms).
  • 60-month (5 year) or 36-month (3 year) loans available
  • Can be used to refinance (see details)
  • Can be used for start-ups (some restrictions apply)
Site Type
Loan
Tags
Loan, small business
Eligibility

To be eligible for a California Rebuilding Fund loan, your small business must meet the following minimum requirements.

  • The main office or headquarters for your business is in California. The loan must be used to support a business’s California operations
  • Your business must employ 50 or fewer full time employees as of the time of your application
  • Your business must have annual gross revenues of less than $5 million
  • Your business must have suffered a direct economic hardship as a result of COVID-19 which has materially impacted your operations
  • You have been in business for at least a year prior to your application
  • If your business was operational prior to March 2020, your business must have returned to or sustained at least 30% of pre-pandemic revenues for at least one of the previous three months relative to your average monthly revenues in the prior year
  • If your business was operational prior to March 2020, you demonstrated positive net income in 2019 (not including depreciation and amortization expenses)
External URL
https://www.caloanfund.org/
Target Geography
California

California Capital Access Program for Small Business (CalCAP)

CalCAP is a loan loss reserve program which may provide up to 100% coverage on losses as a result of certain loan defaults. The program provides financing for small businesses that may not otherwise meet a bank’s typical underwriting standards. Loans: Loan amount may be up to $2.5 million. Loans can be short- or long- term, have fixed or variable rates, be secured or unsecured, and bear any type of amortization schedule. Loan proceeds must be used for business activity in California.
 

Site Type
Loan
Eligibility

Small business owners should apply directly with a participating lender. Participating lenders are listed at https://www.treasurer.ca.gov/cpcfa/calcap/sb/institutions.pdf

More information of California and federal COVID-19 resources for small businesses and employers: https://covid19.ca.gov/business-and-employers/#top

External URL
https://www.treasurer.ca.gov/cpcfa/calcap/sb/institutions.pdf
Target Geography
California

Capital for Change (C4C) – Business

 

***Currently, our SMALL BUSINESS LOAN products are on hold. This hold does not impact our nonprofit lending products.


Established small businesses and community-based organizations can qualify for loans ranging from $50,000 to $200,000 for working capital, fixed-asset acquisition, and financing of commercial real estate and leasehold improvements. C4C has some targeted programs for small businesses as well. Please call for more information.

Site Type
Loan
External URL
https://www.capitalforchange.org/business
Target Geography
Connecticut