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.

GoFundMe: Small Business Relief Fund

The GoFundMe.org Small Business Relief Fund will provide micro-grants to qualifying small businesses negatively impacted by the COVID-19 pandemic. 
The Small Business Relief Fund will provide one-time matching grants to qualifying small businesses. 
To qualify for a matching grant from the Small Business Relief Fund, the GoFundMe fundraiser must raise at least $500 and verify that your small business has been negatively impacted by a government mandate due to the COVID-19 pandemic. 

Site Type
Grant
Eligibility

GoFundMe fundraiser must raise at least $500 ;Verify that your small business has been negatively impacted by a government mandate due to the COVID-19 pandemic;Independently owned and operated;Intend to use the funds to help care for employees or pay ongoing business expenses

External URL
https://www.gofundme.com/f/smallbusinessrelieffund
Resource Type
Individual Programs (Federal/National and Global)
Target Geography
National

Harlem Entrepreneurial Fund: COVID-19 Small Business Recovery Loan Program

Provides capital and technical assistance to ensure successful recovery for small businesses affected by the COVID-19 pandemic with up to $15,000.

Site Type
Loan
Eligibility

Be located in one of HEF's target areas in New York City, including, but not limited to: the area above 42nd street, upper Manhattan, the Bronx, and several underserved neighborhoods in Brooklyn and Queens; In business for 3 or more months; Not fall in one of the following industry sectors: Adult Entertainment, Alcohol/Liquor, Finance, or Real Estate; Have no outstanding tax liens or judgments, have not declared bankruptcy in the past 3 years, and does not owe any child support

External URL
https://www.hefnyc.org/covid19smallbusinessrecoveryloan?mc_cid=722c3f9016&mc_ei…
Target Geography
New York City

Harlem Entrepreneurial Fund: Credit Builder Loan

Provides access to capital to existing small businesses with low-to-moderate incomes to build their credit with up to $5,000 in financing.

Site Type
Loan
Eligibility

Be located in one of HEF's target areas in New York City, including, but not limited to: the area above 42nd street, upper Manhattan, the Bronx, and several underserved neighborhoods in Brooklyn and Queens; In business for 3 or more months; Not fall in one of the following industry sectors: Adult Entertainment, Alcohol/Liquor, Finance, or Real Estate; Have no outstanding tax liens or judgments, have not declared bankruptcy in the past 3 years, and does not owe any child support

External URL
https://www.hefnyc.org/buildcredit
Target Geography
New York City

Harlem Entrepreneurial Fund: Small Business Loan

Provides supportive capital ranging from $10,000 to $150,000 to Small and Medium Enterprises (SMEs) and Minority/Women-owned Business Enterprises (M/WBEs).

Site Type
Loan
Eligibility

Be located in one of HEF's target areas in New York City, including, but not limited to: the area above 42nd street, upper Manhattan, the Bronx, and several underserved neighborhoods in Brooklyn and Queens; In business for 3 or more months; Not fall in one of the following industry sectors: Adult Entertainment, Alcohol/Liquor, Finance, or Real Estate; Have no outstanding tax liens or judgments, have not declared bankruptcy in the past 3 years, and does not owe any child support

External URL
https://www.hefnyc.org/loans
Target Geography
New York City

HEDCO - Central Connecticut Revolving Loan Fund (CCRLF)

CCRLF was established to encourage and stimulate small and mid-sized industries and businesses in their creation and growth. Term and line of credit up to $150,000

Site Type
Loan
Tags
Start-ups
Eligibility

Business is officially registered and operates legally;Physically located and operates in CT;Business owner has invested their own time or money into the business;For-profit type of business;Principals with 50% or more ownership must not more than 60 days delinquent on child support

External URL
https://www.hedcoinc.com/hedco-loan-programs
Target Geography
Connecticut