Resources For Small Businesses

Our small business community is vital to the vibrant and rich neighborhood life we all enjoy. Check out this round up of resources to assist small businesses in recovering from the COVID-19 pandemic, and shop local to support them in the meantime.

Federal Resources

• U.S. Small Business Administration Disaster Assistance: Low-interest disaster recovery loans.

• Check out this helpful guide for the order in which to complete the application forms from the MN Chamber of Commerce.

• SBA Express Bridge Loans: Businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 with less paperwork.

• SBA Paycheck Protection Program: Helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.

• Plan and Respond to Coronavirus Disease: Guidance for Businesses and Employers from the CDC in best practices to maintain the health of your employees, customers and work environment.

Hennepin County

• Small Business Relief Self-employed entrepreneurs Grant: Apply for up to $3,000 to utilize on Utilities, rent, mortgage, suppliers, and more here.

• Guidelines, Checklist, and Template to reopen safely and in compliance.

The City of Minneapolis

• This City is Waiving all licensing late fees for food, taxi, liquor, wine, beer, or catering licenses

• The City has published a F.A.Q. webpage that includes information on the Stay At Home order, closures, restrictions, Sick and Safe time for employees and more.

Other Resources

• Facebook Small Business Grants: Facebook is offering $100M in cash grants and ad credits to help during this challenging time.

• Bartenders and their families can apply for emergency financial assistance through the USBG Foundation.  Learn more and apply here.

• Springboard for the Arts offers a Personal Emergency Relief grat for artists. Learn more and apply here.

• Freelance Artists can access a tailored list of resources, including financial relief here

• The NAV SBA Loan Calculator can help you determine how much funding you are eligible for.