Two types of small business loan relief:
Option 1: Borrow $15,000-$75,000+ in working capital;45 day payment-free period;3.75% interest rate over an initial 6-month interest-only payment period;5% interest rate over a 3-year fully amortizing loan after the interest-only period;No pre-payment penalties.

Option 2: Borrow $15,000-$50,000 in working capital;45 day payment-free period;3.75% interest rate over an initial 6-month interest-only payment period;7.5% interest rate over a 3-year fully amortizing loan after the interest only period.

No pre-payment penalties

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. 

SoGal Foundation has teamed up with Winky Lux, bluemercury, twelveNYC and Lively to make a small step towards progress by providing at least (3) $10K and (6) $5K cash grants to Black women or nonbinary entrepreneurs. Awardees will also receive tactical help navigating the fundraising environment at large so that they will have a more equitable opportunity at scaling the next billion dollar idea. They will also receive lifetime “ask-me-anything” access to the SoGal Foundation and SoGal Ventures teams. We know this is a small start, and we are hopeful that it will grow.

Our emergency financial assistance program provides temporary financial assistance to those with documented financial need due to unforeseen circumstances.

Once we receive your application, a social services team member will get in touch with you to assess eligibility, discuss your particular situation and financial need, help develop a plan of action, and if helpful, connect you to community resources.

Emergency crowd-funding – find investors (from $20,000 to $1,000,000) for businesses impacted by COVID-19, with deferred repayment until 2021.

Fixed-rate, unsecured or secured term loan with repayment terms of up to 7 years for UCC- and equipment-secured loans, or up to 25 years for owner-occupied commercial real estate financing.

Or get a variable-rate, unsecured or secured line of credit that is subject to annual renewal. Target minority, woman, and veteran owned businesses.

Loans of up to $15,000, 0% interest rate for small businesses in the United States. Grace period of up to 6 months for repayment.

Term loans between $5,000 and $250,000, repayment terms up to 12 months. Line of credit with loan amounts between $6,000 and $100,000 with repayment terms up to 12 months.

Loan amounts from $5,000 to $100,000 with terms up to 12 months.