Indiegogo Crowdfunding Platform, Fees Waived

Indiegogo is known as a crowdfunding platform, but they focus heavily on building communities. With the rapidly evolving news around COVID-19 pandemic, they want to help communities come together and support each other. As many businesses have already felt a strain due to COVID-19, from March 18 - April 18, they are waiving their platform fee for the campaigns who are accepted into their Local Business Relief Program.

Small Business Rapid Recovery Loan up to $50,000

To apply for a Small Business Rapid Recovery Loan up to $50,000, select PURPOSE='RECOVERY COVID-19.' Submit the application by selecting the link below. In addition to an email acknowledgement, you will receive an email with detailed instructions for completing your application. 

The Small Business Owner's Guide to the CARES Act

The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was just passed by Congress are intended to assist business owners with whatever needs they have right now. This guide provides information about the major programs and initiatives that are available from the SBA to address these needs, as well as some additional tax provisions that are outside the scope of SBA

Small Business Relief Grants

The Small Business Relief Initiative was started by GoFundMe to help small businesses that have been affected by the COVID-19 pandemic and empower their communities to rally behind them. GoFundMe has partnered with Yelp, Intuit QuickBooks, GoDaddy, and Bill.com to provide small business owners with the financial support and resources needed to continue running their businesses during and after the coronavirus crisis. 

Bank & Credit Card Relief Programs

Many banks and credit card companies have released statements announcing that they’ll be giving COVID-19 relief for small businesses too. They’re doing this by waiving service fees for 30 days, or offering other types of disaster relief assistance for small businesses. Be sure to check with your bank or credit card company to find out if they are offering any special services. Bankrate has also compiled a list of banks and credit cards issuers who are offering to help customers impacted by the coronavirus.

Small Business Administration Coronavirus Relief Options

The SBA offers disaster assistance in the form of low-interest loans to businesses, renters, and homeowners located in regions affected by declared disasters, including Tennessee. If your insurance, and funding from FEMA doesn't fully cover the disaster assistance you need, you can use disaster loans for a number of purposes. In addition to traditional SBA funding programs, the CARES Act also established several new temporary programs including the Paycheck Protection Program, EIDL Loan Advance, Express Bridge Loans, and SBA Debt Relief. 

COVID-19 Business for All Emergency Grant

Hello Alice updates their COVID-19 Busines Resource Center daily with real-world funding, resources, and support for small business owners adapting to the impacts of coronavirus. They are also offering $10,000 grants being distributed immediately to small business owners impact 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

TN Department of Economic and Community Development Resources

The Tennessee Department of Economic and Community Development is working closely with state and federal partners to confront the economic challenges Tennesseans are experiencing as a result of the COVID-19 pandemic. They have assembled a comprehensive list of resources to assist Tennessee employers and employees, including information on emergency cash assistance through the Department of Human Services.

Launch Tennessee Business Continuity Resources

Launch Tennessee is regularly updating their resource page with resources to support small businesses and startups. In addition to their directory of resources for business continuity, they are also updating their site with comprehensive lists of available regional, state, and federal resources.

MotlowTrained Relief Fund

This fund was specifically created to offer free online training through the Department of Workforce Innovation’s MotlowTrained program. The goal is to provide opportunities for community members financially impacted by COVID-19 to up-skill for advancement into higher-paying positions, grow existing businesses online, re-enter the workforce, or make career pivots.

METRO LYNCHBURG  
MOORE CO

 Copyright 2020 | All Rights Reserved

Motlow State

We are here to accelerate the economic recovery for our region and promote lasting economic resiliency for the communities we serve. No matter what your workforce or business community needs, we can brainstorm with you on how to keep your strategies relevant and positive as we all find new norms. 

#BetterTogetherTN

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PO Box 8500
Lynchburg, TN 37352

Shelley Smith

Community Development

931.841.4611

Kathy Parker

Workforce Innovation

615.220.7877

Copyright 2020 | All Rights Reserved
The Community Collaborative TN