Magnolia Chamber – 4/9/20
There are a growing number of private sector companies, stepping up and offering specific loans, grants, and relief funds and information to assist small businesses:
Wefunder has funded ~$130M in hundreds of small businesses from over 400,000 investors. If your business has customers who care, Wefunder can help. Or, if there’s a small business you care about, nominate them for funding. In March, as the stock market has fallen, investments have doubled on Wefunder. People want to support the businesses they care about. Wefunder allows for investments (or loans) as small as $100 into the businesses that investors support. Typically, half of the funds come from a company’s own customer base, with the other half from the Wefunder investor-base. Wefunder says they then do the work of collecting funds and send you one wire when it’s over.
This site is full of information, tips, and inspiration to help guide small businesses through the crisis. As part of the company’s commitment to supporting small businesses, they are creating Salesforce Care Small Business Grants. They have announced that they will soon be offering $10,000 grants to U.S. small businesses to provide capital to help them weather this crisis. International small business support will be announced soon. Learn more about Salesforce Care Small Business Grants.
Team Alice has launched a central resource hub for small business information and support during the COVID-19 pandemic. Funding, technology, and informational resources have, and are being created and shared daily. Hello Alice aims to ensure small business owners have the opportunities at their disposal to keep the business operating during this turbulent time.
PayPal Working Capital
PayPal Working Capital is available to select businesses that already process payments through PayPal. If your business qualifies, the lender reviews your PayPal sales history to customize a special offer.
James Beard Foundation Food and Beverage Industry Relief Fund.
To help bring swift economic relief to these essential businesses, the Foundation is launching a fund that will be gathering support from corporate, foundation, and individual donors to provide micro-grants to independent food and beverage businesses in need