Resources for Small Businesses

A Message from Chairman Jakes

Owning a small business is never easy, but it’s even more challenging now, with so many owners unable to meet overhead or pay salaries. But help is out there. If you’re a small business owner struggling with loss of income due to COVID-19, below are links to resources for information on the assistance available to help get you through this difficult time. The recently passed stimulus bill offers considerable help to small business owners, including interest-free loans. For more information, please watch my video with attorney Bakari Sellers and CEO Kenneth Kelly, where we discuss the economic impact of COVID-19 and what the government relief package means for American households and small businesses.

Goldman Sachs

Goldman Sachs 10,000 Small Businesses is a program for small businesses that links learning to action. Business owners can receive the tools and professional support to develop a strategic and customized growth plan
that will take their business to the next level. There is no cost to apply and applications are being accepted through October 5th for the spring session which begins on January 20, 2021.

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Website Planet

WebsitePlanet offers free printable posters and signs for COVID-19 for small businesses & organizations.

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U.S. Small Business Administration

The U.S. Small Business Administration’s site with relief options and additional resources available to small businesses.

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State of Texas

Resources available for businesses in the State of Texas.

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Let’s Grow North Texas Business

A resource hub for businesses in North Texas affected by COVID-19.

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Revive Dallas Small Business Relief Fund

Small business owners in Dallas can apply for relief funding of up to $25,000 from the Revive Dallas Small Business Relief Fund.

To obtain funding, businesses must have been in operation in Dallas since August 2019, with annual gross revenues of $1.5 million or less. They can have no more than 15 employees and must be able to demonstrate a 15% or greater revenue loss since March 1 due to the COVID-19 crisis.

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Facebook Small Business Grants

The Facebook Small Business Grants Program for Black-Owned Businesses is a part of Facebook’s overall commitment to invest $100 million this year in the Black community.

In order to apply and receive a grant from Facebook, your business must meet the following criteria: Be a majority Black-owned for-profit business; Be legally registered in a US State or the District of Columbia (US territories are excluded); Have between 1 and 50 employees; Have been in business for over a year; Have experienced challenges from COVID-19; Plan to use the grant funds to support the business and community.

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The Doonie Fund

The Doonie Fund makes micro investments in Black women entrepreneurs. Founded by digitalundivided CEO, Kathryn Finney, the fund is named after her grandmother, Kathryn “Doonie” Hale, who inspired her entrepreneurial journey and encouraged her to stay in the arena. Since its inception on April 5th, 2020, the fund has invested in over 500 black women entrepreneurs.

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The Red Backpack Fund

Since its inception, Spanx and The Spanx by Sara Blakely Foundation have been dedicated to elevating and supporting women through entrepreneurship. Knowing the ripple effect that empowering women can have to strengthen communities, the 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 is making at least 1,000 grants of $5,000 each to female entrepreneurs in the U.S. to help alleviate the impact of the crisis.

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Hello Alice

Hello Alice is offering $10,000 grants being distributed immediately to small business owners impacted by coronavirus, as part of their broader mission to ensure Business for All. In addition to funding, grant recipients will receive ongoing support from the Hello Alice community.

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Moms as Entrepreneurs

This fund is designed to help support those who have been shut out of government loans or other funding during the Covid-19 pandemic. Grants of $500-$1,000 will be given to mom-owned businesses in all industries, and applications will be accepted beginning May 18, 2020.

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The Mom Project Stronger Together Fund

The purpose of the $500,000 Stronger Together Fund is simple: to support moms and the family friendly employers who believe in them by offering grants to our existing partners to help fund the extension of existing contractors or enable new full-time roles through The Mom Project.

  • Grants are eligible to companies with fewer than 5,000 employees.
  • Funds can be applied to talent take home pay as well as fees associated with creating new full time roles.
  • Funds must be applied to roles extended or started before June 30, 2020.
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Stand for Small

Stand for Small is growing group of companies dedicated to the success of small businesses during this historic time. Small business owners can access the website for free to find dozens of resources in the categories of – Make My Expenses More Manageable; Get My Shipping and Deliveries Back on Track; Help My Team Succeed; Make My Business Stronger Online; and, Get Advice and Tools for Adapting My Business.

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FedEx #SupportSmall Grants

FedEx will be providing $1 million in grants for small businesses in the U.S. Each grant recipient will receive $5,000, plus a $500 credit from FedEx Office that can be used for printing banners, posters, floor graphics, custom branded boxes, and more.

Applications will be accepted beginning May 25th.

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Verizon Small Business Recovery Fund

Funding from Verizon is being used to provide grants of up to $10,000 to businesses facing immediate financial pressure because of Covid-19—especially entrepreneurs of color, women-owned businesses and other enterprises in historically underserved communities who don’t have access to flexible, affordable capital

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National Bankers Association

Members of the National Bankers Association are collaborating to address the needs of banks, small businesses and others as they seek to serve those in under-served communities affected by the COVID-19 crisis. Visit their website to find your local member bank.

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National Association for the Self-Employed

The National Association for the Self-Employed COVID-19 page to help the roughly 24 million sole proprietorships navigate the Paycheck Protection Program and other resources.

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National Governor’s Association

The National Governor’s Association has links to every governors’ website where you can find more detailed local relief information available in your state.

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U.S. Chamber of Commerce

The U.S. Chamber of Commerce’s website with resources on business resilience and disaster recovery.

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U.S. Senate Committee on Small Business & Entrepreneurship

The U.S. Senate Committee on Small Business & Entrepreneurship’s Small Business Owner’s Guide to the CARES Act.

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Tax Foundation

The Tax Foundation’s Federal Coronavirus Relief Bill (CARES Act) FAQs, which detail how the new law impacts families and businesses.

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National Federation of Independent Business

The National Federation of Independent Business’s up-to-date resources page, which includes webinars, legislative monitoring, and additional resources for small businesses

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National Restaurant Association

The National Restaurant Association’s Restaurant Employee Relief Fund was created to help restaurant industry employees experiencing extraordinary hardship in the wake of the coronavirus disease outbreak

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Lawyers for Good Government Foundation

The Lawyers for Good Government Foundation has launched a Small Business Remote Legal Clinic, offering pro bono legal consultations for small business owners to help them understand and act upon the options available under the COVID-19 stimulus package and other grant and loan programs that may be available to them.

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Intuit Aid Assist

Intuit Aid Assist is a free service to help U.S.-based businesses, self-employed, contractors, freelancers, and gig workers understand different business relief programs. The website includes a loan eligibility assessment to see if you may qualify for federal funding.

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Google Ads

Google is giving small and medium-sized businesses worldwide $340 million in ad credits, which can be used at any point until the end of 2020 across Google Ads platforms.

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Go Fund Me

The Small Business Relief Fund will provide micro-grants to qualifying small businesses negatively impacted by the COVID-19 pandemic.

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Take Action

There are many ways to get involved. We welcome donations, volunteers and corporate partnerships. If you’re a company that would like to partner with us, please reach out to learn how we can work together!