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Downtown Phoenix businesses have been hit hard by coronavirus-related closures and safety measures, but there are a growing number of resources and relief programs to turn to. The list below could help you or someone you know, so be sure to bookmark it, and share it with a fellow small business owner.
Please contact Sara Scoville-Weaver at firstname.lastname@example.org with questions.
The SBA Economic Injury Disaster Assistance Loan is a federal program that provides small businesses with working capital loans of up to $2 million. The City of Phoenix has prepared a useful video on how to apply for an SBA loan.
The Paycheck Protection Program is a federal loan program designed to provide direct incentive for keeping workers on payroll. This loan is separate from the SBA Economic Disaster Loans. How to apply
*As reported by the Business Journal on 4/29, “smaller community banks may be having an easier time in processing and getting small business loans approved.”
Prestamos, a Community Development Financial Institution, is offering COVID microloans of up to $25,000 with the first six payments paid directly by the SBA.
Kiva Small Business Loans are managed by a private nonprofit providing 0% interest loans for U.S. based entrepreneurs.
The CDFI network is partnering with Google to launch the Grow with Google Small Business Fund to support small businesses.
LISC’s latest round of applicants for their Small Business Relief Grants may start applying on Monday, July 27.
The City has launched several new grant opportunities:
The City of Phoenix in coordination with the Phoenix IDA is offering grants up to $10,000 to local businesses and startup companies.
The City of Phoenix is offering grants up to $5000 to local microbusinesses, solo practitioners and entrepreneurs affected by Covid-19.
Applicants with a City of Phoenix Commercial City Services account may apply.
APS is offering small businesses help through a special new fund. Current customers on the Extra Small or Small Business Plans who are two months or more past due on their bill can receive a bill credit of $1000.
This grant from the Better Business Bureau will now accepting applications. Priority will be given to businesses with 5-20 employees and those that are BBB accredited.
Salesforce has announced a $3M small business grant program that will provide $10,000 to 300 for-profit small businesses.
Receive personalized, one-on-one business technical assistance and help navigating payroll, HR, legal, finance and loan applications at The Greater Phoenix SCORE, your local SBDC office or Local First Arizona.
We encourage you to also be aware that there are already some COVID-19 scams happening. Please be careful with any e-mails you receive promising assistance or with unusual links or sender email addresses. Beware of these scams and high interest loans.