Covid-19 Goodwill Offers and Resources for Small Business

| April 06, 2020
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This article was originally published on March 19, 2020, and was updated on March 27, 2020 and April 3, 2020. 

In addition to federal health advisories and organizations providing must-know coronavirus info, an increasing number of businesses and organizations are rolling out goodwill offers for small businesses in the wake of COVID-19. These offers include grants, loans, marketing and promotion assistance, and a number of useful tools.

Here are some best practices for bookmarking the resources that can help you, your employees, your customers and your community manage better through the COVID-19 pandemic.

The resources outlined below are not exhaustive and will be regularly updated.

Disclaimer: These programs are offered by individual companies and organizations, not GoDaddy. Please see the linked pages for applicable terms, restrictions and instructions governing all programs.

COVID-19 goodwill offers and resources for small businesses

  • Grants.
  • Loans.
  • Other financial assistance.
  • Marketing and promotion assistance.
  • Tools.
  • Preventative health guidelines.
  • Federal, state and local coronavirus info.
  • Coronavirus tips and insights for your industry.
  • COVID-19 news coverage.

Related: Government assistance resources for businesses impacted by COVID-19 

Grants

Facebook. Learn how to apply for part of Facebook’s $100 million grant program for small businesses impacted by COVID-19.

James Beard Foundation started a Food and Beverage Industry Relief Fund to provide micro-grants to independent food and beverage small businesses in need.

Amazon. For Seattle’s South Lake Union and Regrade neighborhoods, a $5 million relief fund to provide cash grants to small businesses in the area that need assistance.

Fundera. Information and advice for business grants and a list of 107 verified startup and small business grants. (Not COVID-19 specific.)

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Loans

Kiva. Apply with expanded eligibility, maximum loan size increased to $15,000, and a grace period up to six months.

Mainvest. See if you’re eligible to receive a 0% interest loan of $2,000.

WaFD Bank. Apply for a 5-year business line of credit with 90-days interest free of up to $30,000.

US Bank. Learn about the programs US Bank is offering their customers.

Restaurant Workers’ Community Foundation. Currently at the fundraising stage, the foundation will offer zero interest loans to help restaurants reopen.

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Other financial assistance

GoFundMe. GoFundMe is hosting fundraisers for small businesses. Customers can start and donate now to any business. Business owners can claim their business and apply for a matching grant from the Small Business Relief Fund.

Ford. Learn how Ford is giving customers who buy new vehicles through Ford Credit the option to delay their first payment for 90 days, and providing payment options for existing Ford Credit customers who are having payment difficulty.

Bank of America. Learn about the programs Bank of America is offering to help their customers, including payment deferrals and refunds on fees.

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Marketing and promotion assistance

Google. Google will distribute $340 million in ad credits worldwide. They can be used at any point until the end of 2020 across Google Ads platforms.

Yelp. Read about the $25 million in relief that Yelp has announced to support independent local restaurant and nightlife businesses, in the form of waived advertising fees, and free advertising, products and services.

Kabbage. Sign up and sell gift certificates for your business online. Revenue is deposited as early as a day after customers buy their gift certificate.

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Tools

Facebook for Business. A new Business Resource Hub that details the resources Facebook provides to businesses.

Google. See all of the Google resources for businesses.

Microsoft. Office 365 customers can get Teams (video conferencing) for free.

Zoom. Connect with others through video conferencing. The free version of Zoom can host up to 100 participants for up to 40 minutes.

LogMeIn. Get a Remote Work Toolkit to make a “seamless transition to a remote workforce.”

Atlassian. Providing free access to all of their cloud working tools for small businesses (10 or fewer employees).

Cisco. Offering free video conferencing services for small businesses now working remotely.

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Preventative health guidelines

Take to heart these big-picture preventative health tips from health organizations.

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Federal, state and local coronavirus info

Bookmark federal, state and local government and business groups with information that might affect your business. These include:

  • SBA’s Paycheck Protection Program: This SBA loan helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. The SBA will forgive the loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities. Loan payments will be deferred for six months.
  • IRS Coronavirus Tax Relief: special section focused on steps to help taxpayers, businesses and others affected by COVID-19.
  • House Small Business Committee
  • U.S. Small Business Administration (SBA) coronavirus resource page
  • SBA’s Economic Injury Disaster Loans: This program provides small businesses with working capital loans of up to $2 million “to help overcome the temporary loss of revenue they are experiencing.”
  • National Federation of Independent Business (NFIB) coronavirus resources
  • National Small Business Association (NSBA)
  • U.S. Chamber of Commerce: Combatting the Coronavirus — Resources & Guidelines for Business
  • U.S. Department of Labor: Coronavirus Resources
  • State and local small business associations. Search the SBA’s Local Assistance guide for business resources near you. SCORE is also sharing coronavirus resources on the organization’s homepage.
  • State and local chambers of commerce.Find your local chamber of commerce.
  • State and local health officials.According to the U.S. Chamber of Commerce: “The intensity of an outbreak may vary by location, and local health officials will be issuing guidance specific to their communities. Employers should learn about the plans in place in each community where they have a business.”

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Coronavirus tips and insights for your industry

Gather industry-specific resources that can help your kind of business navigate through the coronavirus crisis. Here are some starters:

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COVID-19 news coverage

Some newspapers and online publications are allowing non-subscribers to read articles related to the coronavirus for free. Though many articles are still paywalled, publications like The Wall Street Journal and The New York Times have stated they will not charge a fee to read COVID-19 posts because they want to keep the public informed.

Tip: Add a news alert for your favorite online source(s) to get the latest COVID-19 news.

Writer Eric Nordstrom contributed to this post.

Image by: Olia Gozha on Unsplash

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