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Programs and support

Last updated August 17th, 2020

Financial support and official information

FEDERAL LOANS AND GRANTS
Minority Business Development AgencyMinority Business Development Agency
The Minority Business Development Agency (MBDA) is offering grants at varying times during the year, as well as general resources for other sources of financing, to minority-owned small and medium-sized [BS1] businesses.
USDA Business and Industry Guaranteed Loan ProgramUSDA Business and Industry Guaranteed Loan Program
The United States Department of Agriculture has made up to $1 billion in loan guarantees available for rural businesses during COVID-19.
USDA Rural Business Development GrantsUSDA Rural Business Development Grants
This United States Department of Agriculture program awards grants for technical assistance and training for small, rural businesses.
Paycheck Protection Program (PPP)Paycheck Protection Program (PPP)
The Paycheck Protection Program offers loans to help keep employees on payroll. Loans can be fully forgiven subject to outlined terms.
Express Bridge Loans (EBL)Express Bridge Loans (EBL)
This pilot program can provide expedited loans up to $25,000 for disaster-related purposes while small businesses wait for longer-term financing.
Debt ReliefDebt Relief
The Small Business Administration is offering various forms of debt relief, including payment of principal, interest, and fees on current and new 7(a), 504, and microloans and deferrals (with additional terms).
Several resources offer guidance on applying for federal funding:
The Small Business Owner’s Guide to the CARES ActThe Small Business Owner’s Guide to the CARES Act
This guide, from the US Senate Committee on Small Business and Entrepreneurship, outlines funding opportunities available from the federal government and provides detailed information about terms and eligibility.
Coronavirus (COVID-19): Small Business Guidance & Loan ResourcesCoronavirus (COVID-19): Small Business Guidance & Loan Resources
Coronavirus (COVID-19): Small Business Guidance & Loan Resources
LOCAL INFORMATION AND FUNDING
INDUSTRY-SPECIFIC FUNDING
Retailers
Main StreetMain Street
Learn about financial support resources available to small retail business owners, or view relevant webinars offering tips and information during COVID-19.
Help Main StreetHelp Main Street
View the interactive map to find local businesses selling gift cards and products or services online. Participate by completing a form to add your business.
ADDITIONAL RESOURCES
Our Fair ShareOur Fair Share
This platform guides minority small-business owners, nonprofits, independent contractors, and churches through the Small Business Administration Paycheck Protection Program loan program.
Small Business Resources List (from Local Initiative Support Corporation)Small Business Resources List (from Local Initiative Support Corporation)
This PDF file contains a list of funding opportunities, free mentorship services, and other resources available to small businesses on a state-by-state level.
COVID-19 Response and Relief Funds List (from Giving Compass and the National Center for Family Philanthropy)COVID-19 Response and Relief Funds List (from Giving Compass and the National Center for Family Philanthropy)
This interactive site contains a list of funds focused on social justice, community empowerment, and strategic responses.
Operation HOPE: Small Business Development and COVID RecoveryOperation HOPE: Small Business Development and COVID Recovery
This government-endorsed, national financial coaching network offers assistance with running small businesses, Small Business Administration lending, financial-disaster budget planning, money management, and other topics.
How to Get Certified as a Minority-Owned BusinessHow to Get Certified as a Minority-Owned Business
This article by the US Chamber of Commerce explains how your organization can register as a minority-owned business and receive additional support from the public and private sectors.
National Minority Supplier Development CouncilNational Minority Supplier Development Council
The National Minority Supplier Development council (NMSDC) connects minority-owned businesses to corporations that are interested in products and services the businesses can supply.
National Hispanic Business GroupNational Hispanic Business Group
This National Hispanic Business Group (NHBG) is a membership-based organization focused on opportunity development for Hispanic-owned businesses.
US Black Chambers, Inc.US Black Chambers, Inc.
The US Black Chambers (USBC) supports African American chambers of commerce and other business organizations that provide resources to black-owned enterprises.
US Hispanic Chamber of CommerceUS Hispanic Chamber of Commerce
The US Hispanic Chamber of Commerce (USHCC) supports millions of Hispanic-owned businesses, local chambers of commerce, and business associations.
US Pan Asian American Chamber of CommerceUS Pan Asian American Chamber of Commerce
The US Pan Asian American Chamber of Commerce (USPAACC) helps Asian-American businesses and other organizations.
Coronavirus Small Business Survival GuideCoronavirus Small Business Survival Guide
The US Chamber of Commerce offers a consolidated list of resources and guides for small businesses navigating the impact of COVID-19.
Entrepreneur Resource List (from EforAll) Entrepreneur Resource List (from EforAll)
This is a compilation of national, regional, and local resources for entrepreneurs and small businesses.
US Securities and Exchange Commission COVID-19 Resources for Small BusinessesUS Securities and Exchange Commission COVID-19 Resources for Small Businesses
The SEC has put together a list of resources for small businesses, including funding opportunities.
This list is representative rather than exhaustive. Local and industry-specific sources will be added as they are identified. Please note that McKinsey & Company does not endorse any of the listed websites or their sponsors.