Financial Aid and Grants

NMSDC Covid-19 Resource Center https://nmsdccares.org/

SBA Funding

• PAYCHECK PROTECTION PROGRAM
  • This loan program provides loan forgiveness for retaining employees by temporarily expanding the traditional SBA 7(a) loan program. 
• EIDL LOAN ADVANCE
  • This loan advance will provide up to $10,000 of economic relief to businesses that are currently experiencing temporary difficulties. 
• SBA EXPRESS BRIDGE LOANS
  • Enables small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly. 
• SBA DEBT RELIEF
  • The SBA is providing a financial reprieve to small businesses during the COVID-19 pandemic.

Grants and Financial Resources

• Lowe’s-LISC Partnership
• Google is giving small businesses worldwide $340 million in ad credits for Google Ads and more
• DE Relief Grants give Delaware small businesses and nonprofits access to funds to cover expenses and provide relief related to COVID-19
• The Pennsylvania 30 Day Fund will deploy at least $100,000 for diverse small businesses who have suffered loss due to property damage and looting.
• Southwestern Pennsylvania Commission has established a COVID-19 Recovery Loan Program
• Huntington’s Lift Local Business Program Focused on Growing African American Businesses
• Kiva Loan Program
• MBDA Grants and Loans
• Opportunity Fund’s Small Business Relief Fund aims to raise support for small businesses impacted by the COVID-19 crisis — especially those run by women, people of color and immigrants.
• ICIC Small Business Resource Guide Pennsylvania