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COVID-19 Resources for Entrepreneurs

STRONGER TOGETHER

We've pulled together a list of resources to help entrepreneurs and small businesses overcome challenges related to COVID-19/Coronavirus. Now is the time to band together and support each other.

Page last updated on 3/28/20

Keep Informed on COVID-19

Stay updated by following credible, official sources like the Centers for Disease Control and Prevention (CDC), World Health Organization (WHO) and your local government health department so you can respond quickly to changes that could affect you or your customers.

Federally, the President signed the $2T stimulus package known as the "CARES Act" on Friday, March 27th, 2020. SEED SPOT continues to monitor the actions of Congress to support entrepreneurs and small businesses.

CARES Act supports many sectors, but for Small Businesses and entrepreneurs here are a few notable items:

Family Direct Support: Direct payments to families of $1,200 per adult and $500 per child for households making up to $75,000.

Unemployment Benefits: Expansion of unemployment benefits to include people furloughed, gig workers and freelancers. Benefits increased by $600 per week for a period of four months.

Emergency grants: $10 billion for grants of up to $10,000 to provide emergency funds for small businesses to cover immediate operating costs.

Forgivable loans: $350 billion allocated for the Small Business Administration to provide loans of up to $10 million per business. Any portion of that loan used to maintain payroll, keep workers on the books or pay for rent, mortgage and existing debt could be forgiven, provided workers stay employed through the end of June.

Relief for existing loans: $17 billion covering six months of payments for small businesses already using SBA loans.

Last week, SEED SPOT supported Senator Wyden and Senator Cardin’s Save America’s Main Street Act focused on relief for small businesses in these unprecedented times. Press release and here. 


Stay up to date in your current state:

Here is a list of resource centers nationally. We suggest checking with your local city government as well. 

Alabama: https://www.alabamapublichealth.gov/infectiousdiseases/2019-coronavirus.html

Alaska: coronavirus.alaska.gov

Arizona: https://www.azdhs.gov/preparedness/epidemiology-disease-control/infectious-disease-epidemiology/index.php#novel-coronavirus-home

  • For resources in Phoenix, call Team Phoenix: 602-262-5040, or you can email them at teamphoenix@phoenix.gov

Arkansas: https://govstatus.egov.com/ar-covid-19

California: https://covid19.ca.gov/

Colorado: https://covid19.colorado.gov/

Connecticut: https://portal.ct.gov/Coronavirus

Delaware: https://business.delaware.gov/coronavirus/

Florida: https://floridahealthcovid19.gov/

Georgia: https://georgia.gov/popular-topic/covid-19-novel-coronavirus

Hawaii: https://hawaiicovid19.com/

Idaho: https://coronavirus.idaho.gov/

Illinois: https://www2.illinois.gov/sites/coronavirus/Pages/default.aspx

Indiana: https://www.in.gov/coronavirus/

Iowa: https://idph.iowa.gov/Emerging-Health-Issues/Novel-Coronavirus

Kansas: https://govstatus.egov.com/coronavirus

Kentucky: https://kycovid19.ky.gov 

Louisiana: https://ldh.la.gov/Coronavirus/

Maine: https://www.maine.gov/governor/mills/covid-19

Maryland: https://coronavirus.maryland.gov/

Massachusetts: https://www.mass.gov/resource/information-on-the-outbreak-of-coronavirus-disease-2019-covid-19

Michigan: https://www.michigan.gov/Coronavirus

Minnesota: https://www.health.state.mn.us/diseases/coronavirus/index.html

Mississippi: https://www.coronavirus.ms.gov/

Missouri: https://health.mo.gov/living/healthcondiseases/communicable/novel-coronavirus/

Montana: https://covid19.mt.gov/

Nebraska: http://dhhs.ne.gov/Pages/Coronavirus.aspx

Nevada: https://nvhealthresponse.nv.gov/

New Hampshire: https://www.nh.gov/covid19/

New Jersey: https://covid19.nj.gov/

New Mexico

New York

North Carolina: https://www.ncdhhs.gov/divisions/public-health/coronavirus-disease-2019-covid-19-response-north-carolina

North Dakota: https://ndresponse.gov/covid-19-resources

Ohio: https://coronavirus.ohio.gov/wps/portal/gov/covid-19/

Oklahoma: https://coronavirus.health.ok.gov/

Oregon: https://coronavirus.oregon.gov

Pennsylvania: https://www.pa.gov/guides/responding-to-covid-19/

Rhode Island: https://health.ri.gov/diseases/ncov2019/

South Carolina: https://www.scdhec.gov/infectious-diseases/viruses/coronavirus-disease-2019-covid-19

South Dakota: https://doh.sd.gov/news/Coronavirus.aspx

Tennessee: https://www.tn.gov/health/cedep/ncov.html

Texas: https://dshs.texas.gov/coronavirus/

Utah: https://coronavirus.utah.gov/

Vermont: https://www.healthvermont.gov/response/infectious-disease/2019-novel-coronavirus

Virginia:  https://www.virginia.gov/coronavirus-updates/

Washington: https://www.coronavirus.wa.gov/

West Virginia: https://dhhr.wv.gov/COVID-19/Pages/default.aspx

Wisconsin: https://www.dhs.wisconsin.gov/covid-19/index.htm

Wyoming: https://covid19.wyo.gov/

Washington, DC: https://coronavirus.dc.gov/

Virgin Islands: https://doh.vi.gov/covid19usvi

Capital / Financial Assistance Resources

crowdsourced list of 190 investors still actively investing despite COVID-19.

National Venture Capital Association is continually updating Coronavirus Information and Resources for VCs and Startups, including guidance on legislative action important to VC-backed companies.

U.S. SMALL BUSINESS ADMINISTRATION DISASTER LOAN ASSISTANCE

Low-Interest Loans for for-profits and nonprofits. The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million. The interest rate is 3.75% for small businesses. The interest rate for non-profits is 2.75%. 

Startups: Should be available to all businesses, even if they have only been operating for a month. SBA is attempting to work with all small businesses and case managers will be assigned. They will work to try and get everyone approved to the best of their ability.

Small business owners in the following designated states are currently eligible to apply for a low-interest loan due to Coronavirus (COVID-19): Arizona, California, Colorado, Connecticut, Delaware, the District of Columbia, Florida, Georgia, Illinois, Indiana, Louisiana, Maine, Maryland, Massachusetts, Michigan, Montana, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, Tennessee, Utah, Virginia, Washington, and West Virginia.

Find out more here: SBA.gov/Disaster.

KIVA.org

Crowdfunded, 0% interest loans for small businesses and entrepreneurs. Kiva is an online crowdfunding platform where borrowers can access 0% interest small business loans for up to $25,000 for 36 months. To access Kiva you have to be endorsed on the platform by a trustee (SEED SPOT is one). When you are endorsed by SEED SPOT, your profile is visible to a number of lenders that are specifically looking to fund businesses in the US.

Update: Our expanded Kiva U.S. loan program:  In addition to offering 0% interest, no-fee loans, we’re implementing a 6-month grace period, a $15,000 loan maximum and expanded eligibility. Find more information about these changes here.

Looking for more info on how to partner with SEED SPOT? Send us a note - connect@seedspot.org

DREAMSPRING

DreamSpring (formerly known as Accion serving Arizona, Colorado, Nevada, New Mexico and Texas) provides access to a special access to loans to small businesses. They are a 501c3 CDFI. Learn more here: https://www.dreamspring.org/

 

DC Small Business Grants

District of Columbia is investing $25 million in the COVID-19 Recovery Effort and the DC Small Business Recovery Microgrants Program, which will be housed in the Office of the Deputy Mayor for Planning and Economic Development. The grant can cover employee wages and benefits (including fringe benefits associated with employment, such as health insurance), accounts payable, fixed costs, inventory, rent, and utilities.: Find Out More Here

Other Business Support Resources

Go_Daddy_Logo

GoDaddy: #OpenWeStand is for anyone who is keeping the economic health of small business top of mind in this challenging time. It’s for shop owners minding their customers’ and employees’ safety — and for everyone who stands with small business.

This website has resources, inspiration and connection to other everyday entrepreneurs with creative solutions to keep their business open, even if their doors are closed due to COVID-19.

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CBRE - United States Commercial Real Estate Services: COVID-19 Effect on Leases PDF available here. 

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Facebook for Business: Facebook Ad Grants - Facebook is offering $100Min cash grants and ad credits for up to 30,000 eligible small businesses.

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Kabbage: Are you a small business looking to utilize gift cards to stabilize your income?Check out Kabbage. 

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Zoom: Information on free and discounted accounts can be found here. 

SEED SPOT Alumni Responding to COVID-19

Check out  how impact-driven entrepreneurs are providing support via their products, services, and technologies: Entrepreneurs Leading Community Resilience

Remote Work Best Practices

Tools to remain productive while working remotely from Jenny Anderson, Co-Founder of Celebrate EDU

Building team culture while working remotely from SEED SPOT

A Physical Therapists Guide to Making Work From Home Work For You from SEED SPOT

Reduce eye strain with TheraSpecs from SEED SPOT Alum TheraSpecs

  • Theraspecs makes glasses that are precision-tinted to block the most harmful blue light coming from screens, thus reducing the likelihood of pain and other symptoms. For a limited time only, get 15 percent off any TheraSpecs order with code SEEDSPOT15.

FAMILY & WELLNESS

Working from Home with Kids - Harvard Business Review

MotherNation - online social support and advocacy community for Mothers. Mamas need each other now more than ever.

Surviving At Home With Kids - a community from our friends at Participate to help you manage being home with kids

Thimble.io is launching 2-week virtual workshops for students (grades 4-8) to build hands-on STEM projects at home using engineering/computer science kits. Learn more here: https://forms.gle/geupze9v1ee87cH26

SEED SPOT Design Challenge - This Design Challenge is intended to be a 2-3 hour experience with the purpose of exposing this generation of innovators to social entrepreneurship. This guide provides you with some additional resources and information to help facilitate the Design Challenge.

At Home Fitness Resources - Free Resources

At Home Family / Caring for Kids - Free Resources

Recursos en Español

Maneje la Ansiedad y el Estrés - Centros para el control y la prevención de enfermedades (CDC)
Cómo Hablar con los Niños sobre el Coronavirus- Child Mind Institute