Metro Atlanta Chamber RestoreATL Fund
The Metro Atlanta Chamber, in partnership with the CareSource Foundation, is implementing the RESTORE ATL Fund to support black-owned small and medium-sized businesses in metro Atlanta that have been adversely impacted by the COVID-19 pandemic. The RESTORE ATL Fund was established to provide companies immediate gap assistance through the distribution of $5,000-$10,000 grants.
Applications will open on Monday, June 22, 2020, and close on Monday, July 6 at 6:00 p.m. Applications submitted after the deadline and incomplete applications will not be considered. For more information, click here.
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For more information, click here.
The Red Backpack Fund
The Spanx by Sara Blakely Foundation donated $5 million to support female entrepreneurs in the wake of COVID-19 and teamed up with GlobalGiving to establish the Red Backpack Fund. GlobalGiving will be overseeing the fund, making 1,000 grants of $5,000 each to female entrepreneurs in the U.S. to help alleviate the immediate needs and support the long-term recovery of those impacted by this crisis. For more information, click here.
The Red Backpack Fund application portal will next open from July 6-13.
SelectCobb Small Business Relief Fund
Cobb County Government is partnering with SelectCobb to provide relief to small businesses that have been devastated by the impacts of the COVID-19 pandemic.
The Small Business Relief Grant has been established to assist businesses of up to 100 employees with various operational and overhead expenses. The program will be funded by way of a portion of the County’s disbursement of funding via the Coronavirus Aid, Relief and Economic Security (CARES) Act. For more information click here.
Applications will be accepted until June 26 at 5 p.m. This is not a first come, first served application. ALL applications submitted by the deadline and meet the requirements will be considered.
Under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the U.S. Small Business Administration is offering several new temporary programs to address the COVID-19 outbreak.
- Paycheck Protection Program – This loan program provides loan forgiveness for retaining employees by temporarily expanding the traditional SBA 7(a) loan program.
- Economic Injury Disaster Loan – This loan advance will provide up to $10,000 of economic relief to businesses that are currently experiencing temporary difficulties.
- SBA Express Bridge Loan – 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.
For more information about the CARES Act, click here
An investment of $2.5 million from Verizon is making it possible for LISC to begin offering critical relief and resiliency-building support to small businesses facing immediate financial threat because of the COVID-19 pandemic. The funding will go to make grants of up to $10,000, especially to entrepreneurs of color, women-owned businesses and other enterprises in historically under-served places who don’t have access to flexible, affordable capital. For more information, click here.