Small Business Grants You May Not Know About

In the past few weeks, we have become all too familiar with the infamous Economic Injury Disaster Loan (EIDL) program and Payroll Protection Program (PPP) loans. However, there are other grants available for qualifying small business owners affected by COVID-19. As you know, the earlier you apply, the higher the chance that you may successfully secure funding.

We’ve compiled a list of federal, state and private websites that offer grants or resources for small businesses.

Federal Coronavirus Small Business Assistance

Paycheck Protection Program (PPP)

  • New funding available starting today 4/24.

  • Where to apply: Contact your lenders, including banks and credit unions, to see if they are taking new applications. We advise contacting small/local banks. Paypal has been a popular choice by many ODsOnFinance members.

  • How to qualify for forgiveness: Loans can be forgiven if 75% of the funds are used towards payroll. The business must also maintain payroll for eight weeks at employees’ normal salary levels and use the loan proceeds for qualifying expenses.

  • Loan terms: Funds that are not forgiven are subject to a 1% interest for 24 months. Payments are deferred for 6 months, but interest will continue to accrue.

Small Business Administration Economic Injury Disaster Loans (EIDL) 

  • Congress has passed a new stimulus that will provide more funding to EIDL. The website is currently not updated yet. We recommend checking back regularly.

  • Where to apply (when available):

  • How to qualify: Any small business fewer than 500 employees, 1099, sole-proprietor

  • Grant amount: $1000 grant per employee up to $10,000 maximum per business. Must be used for business needs (payroll, rents, debt obligations, supplies etc)
      • Loan terms:  3.75% for small businesses and 2.75% for nonprofits. Loan repayment terms vary by applicant, up to a maximum of 30 years.


Pandemic Unemployment Assistance (PUA)

  • Where to apply: visit your state’s EDD website

  • How to qualify: If your hours have been reduced or you have been laid off, you will qualify for UI. PUA has been extended to business owners, 1099, IC and sole proprietors.

  • UI amount: UI benefits extended to 39 weeks of assistance. There will also be an additional $600/week until July 31.

  • UI benefits are taxable. 

Local SBA District Office

Get in touch with your local SBA office to see if they have any additional resources specifically designed for business owners in your area.

State Grants

Forbes does a great job of listing all the available low interest loans available in each state. Instead of listing it all in this article, you can visit here:  List of COVID-19 Small Business Loans/Grants Programs  for example:

San Francisco California:

  • San Francisco Hardship Emergency Loan Program (SF HELP): Businesses eligible for 0% interest rate loans from Main Street Launch in partnership with the City of San Francisco. Loans can be made up to $50,000 at terms of up to six years.

  • Who’s eligible: For-profit businesses in San Francisco with a total annual revenue under $2.5 million. The business must demonstrate a 25% drop in revenue since January 1, 2020 and have three years remaining on its lease if the business is location-dependent.

  • How to applyComplete a loan inquiry form online.

Los Angeles California:

  • Small Business Emergency Microloan Program, businesses and Microenterprises in Los Angeles that are responsible for providing low-income jobs can get an emergency microloan of $5,000 to $20,000. Loans with repayment terms of six months to one year carry an interest rate of 0% and five-year loans have interest rates of 3% to 5%.

  • Who’s eligible: To get a loan, you must meet requirements including having “reasonable and responsible” individual credit history, committing to use the loan for working capital only and ensuring your business is located within the City of Los Angeles. If you own 20% or more of the business, you must guarantee the loan.

  • How to apply: Apply online and provide supporting documentation including business and personal tax returns, three months of bank statements and business and personal financial statements.

General Grants



$4000 grant ($2500 grant, $1500 ad credit) to small businesses in eligible cities.

Application is open now. Apply here for Facebook Grant 



Advertising credit that will be added automatically to Google Ads accounts. Credit notifications will appear in their Google Ads accounts and can be used at any point until the end of 2020 across our advertising platforms.



Up to $10,000 in grant to women owned businesses in underserved areas.

Application is open now. Apply here for Verizon Grant 



Give small businesses a $500 grant if they raise at least $500 on GoFundMe

Apply here for GoFundMe Grant 


Spanx and The Spanx by Sara Blakely Foundation

$1,000 to $5,000 grants to women-owned small businesses

New applications will open again on May 4. Apply here for Spanx Grant


Salesforce Care Small Business Grants

$10,000 grant

Application starts April 27, 2020. Apply here for Salesforce Grant 

Please note that this list is not comprehensive; We will continue to update this list of financial resources to help in this challenging time. We wish you the best of luck.  Also, please feel free to share any new grants that we may have missed!

Related Articles

Facebook Comments

About Julie Phan

Dr. Phan is the co-owner (along with her husband, Toan Nguyen OD) of a highly successful optometry private practice in San Marino CA while also running a Sam’s Club sublease in nearby San Bernardino. Always the entrepreneur at heart, Dr. Phan also invests in rental properties. Through leveraging a talented team of realtors, contractors, and property managers spanning five states, Dr. Phan has steadily built a real estate business that generates consistent passive income. Along the way, she hopes to inspire friends, family, and colleagues about the value of real estate investment so they can work towards their own financial independence. Follow Julie's REI Journey on IG @ house_hustle at

Leave a Comment