Small Business Programs
COVID-19 Loans For Small Businesses
Small Business Administration
The U.S. Small Business Administration (SBA) is offering disaster relief loans available to businesses in Massachusetts. Small businesses can now apply directly through SBA for Economic Injury Loans.
Paycheck Protection Program
This program provides loans to encourage certain qualified small businesses to retain employees through the COVID-19 pandemic.
COVID-19 Economic Injury Disaster Loans (EIDL)
The EIDL program is a long-term direct loan from the SBA that provides up to six months of working capital for financial obligations and operating expenses that could have been met had the disaster not occurred.
COVID-19 Grants For Small Businesses
Cambridge Small Business Grant Programs
View funding available for small businesses impacted by COVID-19.
Mainvest Main Street Initiative
If you have an existing brick & mortar business that has been negatively affected by the COVID-19 outbreak and you launch a capital raise on Mainvest, you may be eligible to receive a $2,000 zero-interest loan.
Power Forward Small Business Grant
Qualifying businesses are eligible for $25,000 grant awards. Applicants must be Black-owned small businesses with 1 to 25 employees and be based in Massachusetts, Maine, New Hampshire, Rhode Island, Vermont, or select areas of Connecticut.
Verizon Small Business Recovery Fund
LISC will use the Verizon Small Business Recovery Fund to provide grants of up to $10,000 to businesses facing immediate financial pressure because of COVID-19.
The Shuttered Venue Operators (SVO) Grant
The Shuttered Venue Operators (SVO) Grant program was established by The Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, signed into law on December 27, 2020. The program includes $15 billion in grants to shuttered venues, to be administered by the Small Business Administration’s Office of Disaster Assistance.
Small business owners in need of help due to COVID-19 can submit applications for support.
Opportunity Fund is committed to supporting existing and new small business customers who are financially struggling amidst the COVID-19 outbreak.
Small Business Relief Fund
The Small Business Relief Initiative will supply financial assistance and support to businesses across the country by providing grants, tools, and resources to help during the crisis.
Support for Restaurants and Restaurant Workers
Restaurant Workers’ Community Foundation
This foundation is an advocacy and action non-profit, created by and for restaurant workers. Half of the funds raised will be for direct relief to individual restaurant workers.
City of Cambridge – Patio Heater Reimbursement Program
To support local restaurants and extend the outdoor dining season, the City of Cambridge has announced a Patio Heater Reimbursement Program.