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Grants And Resources for Entrepreneurs, Artists + Non-profits

grants + resources

Our mission during this time is to help our community and connect them to the resources they need to continue being successful Entrepreneur. Below is an ongoing updated list of current resources.  

as of 3/25/20

Grants And Resources for Entrepreneurs, Artists + Non-profits

UNEMPLOYMENT

Filing for Unemployment Due to COVID-19
Along with applying to and searching for grants and funds, make sure to get your application into the state if you lost your job or income due to COVID-19. Unfortunately, self-employed individuals and contract employees are not eligible to apply for unemployment.

NATIONAL FUNDS

Rapid Response: Racism is a Virus Too

This rapid respond fund is geared towards community-based organizations who work predominantly with Asian American communities, in response to hate crimes and bias against Asian American communities because of COVID-19.

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Disabled Creator and Activist Pandemic Relief
Volunteers are currently collecting information for this fund aimed at giving aid to disabled creators and artists who’ve lost income due to the COVID-19 pandemic.

Foundation of Contemporary Arts Artist Relief Fund
This fund is open to U.S.-based artists who’ve fallen on hard times because of the coronavirus outbreak. If you’ve had a performance or show canceled because of COVID-19, apply.

Sweet Relief Musicians Fund
If you’re a musician or music industry worker who lost 50% of your income, you’re eligible to apply to this fund.

Musicians Foundation Fund
United States-based musicians who’ve been active for the past five years are eligible to apply for a microgrant. Keep in mind, this fund also asks for paperwork proving that most of your income has come from your work as a musician. We’re also not sure how they define a “professional musician” but there is an email on the page where you can inquire for more information.

Craft Emergency Relief Fund
Are you a United States-based craft artist looking for emergency funds? You must have been involved in craft-making (there’s a definition of “craft making” on the site) for at least three years before your emergency and you must be making a majority of your income from your art. Visit the site to learn more about eligibility to apply to this fund.

PEN American Writer’s Emergency Fund 
This fund is for professional (published or produced) writers and editors who are in acute financial crisis. PEN America writes on their site that they’ll be updating with more critical information on March 25.

LOCAL FUNDS

Boston Artist Relief Fund
This relief fund from the City of Boston is offering small grants, from $500 to $1,000, for artists in the area negatively impacted by venue closures and gig cancellations.

Theatre Community Benevolent Fund
All active individual theater practitioners and theater organizations can apply to this fund to offset operating costs and loss of income.

Boston Singers’ Relief Fund
New England-based classical singers who are dealing with canceled performances are invited to apply for grants of up to $500.

Boston Music Maker Relief Fund 
Nonprofit organization The Record Co. organized this rapid response fund to help musicians negatively impacted by closures due to COVID-19. Grants go up to $200.

Passim Emergency Artist Relief Fund
Musicians who’ve performed or taught at Club Passim in Cambridge are eligible to apply for a grant up to $500.

Cambridge Artist Relief Fund
These grants for artists run between $200 to $1,000. To be eligible, you must either be a Cambridge resident or an artist working predominantly in Cambridge.

NONPROFIT AND SMALL BUSINESS RESOURCES

COVID-19 Preparedness for the Cultural Sector
Mass Cultural Council’s free webinar offers tools and solution for cultural organizing during the coronavirus outbreak.

COVID-19 Tools and Resources for Nonprofits
The Nonprofit Finance Fund put together this toolkit for nonprofits struggling to stay afloat during this time. Resources include links on how to secure funding, write grants and more.

Cambridge COVID-19 Emergency Fund
To apply to this fund, you must be a Cambridge resident or someone whose main source of income comes from Cambridge. Both Cambridge 501(c)(3) status organizations and small businesses with demonstrated loss of opportunity or income are invited to apply. Individuals or groups without 501(c)(3) status can also apply.

Running a Food Business in the Face of COVID-19
This resource list from CommonWealth Kitchen includes information on obtaining loans, work shares, crisis management and other HR-related aspects of business.

FINANCIAL RELIEF AND LOANS 

Economic Injury Disaster Loan assistance (EIDL) from the U.S. Small Business Administration (SBA)

As of March 23, 2020, businesses in all U.S. states can apply for COVID-19 Economic Injury Disaster Loan assistance (EIDL) from the U.S. Small Business Administration (SBA).

The full statement can be found on the SBA website, and they’re also providing additional guidance and resources for employers .

These loans can be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. Here’s what you need to know about the program, as well as how to apply and qualify.

Financial relief options include:

General Information

On March 6, the U.S. Congress passed a COVID-19 preparedness and response supplemental funding bill that designated COVID-19 as a disaster under the Small Business Administration (SBA) and provided $20 billion to support the SBA’s administration of loan subsidies to small businesses. Through this designation, small businesses will now have access to up to $7 billion in low-interest Economic Injury Disaster Loans (EIDL), of up to $2 million per loan.

  • Loans offer up to $2 million in assistance and can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.
  • Loans for businesses will have an interest rate of 3.75%, and for nonprofits a rate of 2.75%.
  • SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years. Terms are determined on a case-by-case basis, based upon each borrower’s ability to repay.
  • Businesses are eligible only if they don’t have credit available elsewhere.
  • Terms of the loans are decided on a case-by-case basis and on ability to repay, but they can have a maximum length of 30 years, and are based on a business’ actual economic injury and financial needs.
  • SBA loans may be subject to other rules; see this fact sheet and FAQ for further details.

Qualifying for an EIDL loan

Be sure to consult the EIDL loan application forms for specific requirements, but in general, you must:

  • Be a registered for-profit business;
  • Be physically located and operates in the U.S. or its territories;
  • Have invested their own time or money into the business; and
  • Exhaust financing options, such that your business cannot obtain funds from any other financial lender.

Applying for an EIDL loan

To apply, you will need to apply online on the SBA Disaster website.

Documentation you’ll need

  • Completed Request for Copy of Tax Return (IRS Form 4506)
  • Business plan
  • Amount and proposed use of funds
  • Credit history
  • Financial projections, and how you will pay back the loan
  • Collateral, such as a home, car, inventory, or other property you own
  • Industry experience, while not required, can drive lender confidence

Additional Ressources

Paper forms
SBA Disaster Playbook

Points of Contact

For additional information, please contact the SBA disaster assistance customer service center:
Call 1-800-659-2955 (TTY: 1-800-877-8339)
E-mail disastercustomerservice@sba.gov

Small Business Recovery Loan Fund 

This $10M fund will provide emergency capital up to $75,000 to Massachusetts-based businesses with under 50 full- and part-time employees, including nonprofits.

The U.S. Small Business Administration’s Economic Injury Disaster Loan (EIDL) program is accepting applications from Massachusetts businesses.

We encourage all Massachusetts companies to apply: https://disasterloan.sba.gov/ela

If you applied to Mass Growth Capital Corporation’s Small Business Recovery Loan fund, we encourage you to apply for additional EIDL support.

Administrative Tax Relief Measures

On Wednesday, March 18, the Baker-Polito Administration announced administrative tax relief measures for small local businesses which have been impacted by the ongoing COVID-19 outbreak, especially in the restaurant and hospitality sectors. This tax relief includes postponing the collection of regular sales tax, meals tax, and room occupancy taxes that would be due in March, April and May so that they will instead be due on June 20. Additionally, all penalties and interest that would otherwise apply will be waived.

  • Businesses that paid less than $150,000 in regular sales plus meals taxes in the year ending February 29, 2020 will be eligible for relief for sales and meals taxes, and business that paid less than $150,000 in room occupancy taxes in the year ending February 29, 2020 will be eligible for relief with respect to room occupancy taxes.
  • The Department of Revenue is currently drafting emergency regulations to implement these administrative relief measures, and they are expected to be finalized before Friday, March 20, 2020.

MEMA’s Emergency Operations Center 

MEMA’s Emergency Operations Center’s Private Sector Hotline

  • The hotline will be staffed Monday – Friday from 8am to 4pm.
  • The number for the hotline is 508-820-2094.

Other COVID-19 Resources and Guidance for Businesses