- More than half of small businesses within the US have quickly closed their doorways, or plan to this month, because of the COVID-19 pandemic.
- Private organizations, together with Amazon and Facebook, are teaming as much as supply hundreds of thousands in money grants and low-interest loans to small enterprise homeowners.
- Amazon created a $5 million aid fund to assist native businesses round its Seattle and Washington places of work. Hello Alice is giving $10,000 emergency money grants to distressed businesses within the US.
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Organizations throughout the nation are rallying collectively to assist small businesses preventing to outlive the COVID-19 quarantine shutdown.
One in 4 small businesses nationwide have quickly closed and one other 40% count on to this month, based on a latest survey from MetLife and the US Chamber of Commerce. While federal grants and loans are within the works, the precise timing for disbursement stays unsure. States and cities are additionally doing their half by reallocating as many funds as they’ll towards small enterprise help, nonetheless, a lot of the packages are rapidly getting oversubscribed.
To assist meet the surging demand for aid aid companies, together with Facebook, Amazon, Salesforce, and others, are launching funding initiatives of their very own.
From micro-grants to advert credit and low-interest loans, here’s a listing of 10 companies offering monetary aid for small enterprise homeowners, in alphabetical order.