• NJSBDC Interns

Private Companies/ Nonprofit Organization COVID-19 Relief Efforts

Updated: May 4

Are you looking for additional funding and support for your business? You may be surprised to know that there are other options available outside of the federal stimulus and state loans/ grants.


Check out these organizations and see what they have to offer!



Bacardi has pledged $3 million in relief to bars and restaurants affected by the COVID-19 shutdowns as part of its #RaiseYourSpirits campaign.


Bumble is giving $5,000 grants to 200 struggling small businesses across 11 countries. Submissions are currently open in Germany, France and Russia.


Facebook announced a $100 million grant for small businesses impacted by COVID-19 and launched the Business Resource Hub, which features recommendations to help small businesses stay connected to customers and stay on track.


Faire, an online marketplace startup, launched a financial calculator tool that helps small businesses understand the changes in their finances before and after COVID-19.


Fattmerchant, a payment technology provider, has partnered with Gift Up! to allow its clients to sell virtual gift cards. Gift Up! is waiving its usual 3.49% fee for Fattmerchant’s members’ first $5,000 in gift card sales. 


Freelancers Union created a relief fund that will offer financial assistance of up to $1,000 per freelance household.


GoFundMe has partnered with Yelp to allow independent businesses to start fundraisers and accept donations through Yelp’s pages. The Yelp Foundation and GoFundMe also both pledged to donate up to $1 million to the GoFundMe.org Small Business Relief Fund.


Goldman Sachs announced a slew of initiatives to support small businesses impacted by COVID-19, including a Small Business Stimulus Package allocating $250 million in emergency loans and $25 million in grants. The company has committed a total of $300 million.


Google’s pledge to donate $800 million for COVID-19 relief includes efforts to help small and medium-sized businesses gain access to capital.


Honeycomb Credit, an investment crowdfunding platform, announced a small business relief loan program that’s providing $10,000 to $50,000 in working capital to qualifying businesses.


James Beard Foundation started a Food and Beverage Industry Relief Fund to provide microgrants to independent food and beverage small businesses in need.


JPMorgan pledged $50 million to help struggling customers, and $8 million in aid to small businesses, specifically.


Kabbage launched an online hub to help boost sales for U.S small businesses impacted by COVID-19, including a system through which businesses can sell gift cards to consumers for use at a later date.


Kangaroo wants to support business owners who are unable to be physically present at their offices: The security startup is offering free (for three months) security camera and monitoring kits.

Kiva is urging small businesses to apply for 0% interest loans for up to $15,000. The company is also offering a longer grace period: New borrowers can access a grace period of up to six months.


Loom launched a cash runway scenario planning tool that helps small business owners gauge the impact COVID-19 could have on their companies.


MainVest, a crowdfunding platform, announced its new Main Street Initiative: a $2,000, 0% interest, 120-day loan for restaurants or other brick-and-mortars affected by the shutdown, in addition to its normal fundraising offerings.


Mark Cuban Cos. will reimburse employees for any lunch or coffee purchases from local independent small businesses. 


Nav launched a CARES Act SBA Loan Calculator small businesses can use to navigate the new legislation.


Opportunity Fund, which specializes in money lending to small businesses owned by women, immigrants and people of color, is collaborating with investors and nonprofits to put together a coronavirus relief fund that will provide grants and low-interest-rate loans to business owners in need.


Revel Systems, a cloud-based point of sale company, created a $1 million Revel Relief Program that will be allocated to small business customers experiencing coronavirus-related issues.


Ring announced its Neighbor Pledge initiative, which encourages individuals and groups to create pledge groups to support local businesses.


RXR Realty launched a volunteer platform to help small businesses navigate coronavirus relief and recovery. It also created a $1.2 million fund to support organizations and New Rochelle residents impacted by COVID-19.


Seated launched a hotline for restaurant owners to get advice from finance and law experts in the hospitality industry. 


SheaMoisture created a $1 million relief fund for minority-owned businesses impacted by COVID-19.


Spanx by Sara Blakely Foundation donated $5 million to support women-owned businesses affected by COVID-19 and has teamed up with GlobalGiving to establish The Red Backpack Fund, which will provide 1,000 grants of $5,000 to female entrepreneurs throughout the U.S.


The National Restaurant Association Educational Foundation announced the Restaurant Employee Relief Fund that will provide grants on a first-come first-served basis to restaurant owners and employees in need.


The Restaurant Workers’ Community Foundation formed a COVID-19 Emergency Relief Fund for small businesses and their restaurant workers, and is accepting donations.


U.S. Chamber of Commerce Foundation, in partnership with Vistaprint, announced its Save Small Business Fund that will provide $5,000 grants to small businesses in the U.S. and its territories.


Wefunder, an investment crowdfunding platform, launched a Coronavirus Crisis Loans program enabling small businesses to crowdfund loans of $20,000 to $1 million from supporters.


Yelp CEO Jeremy Stoppelman announced the company is providing $25 million in coronavirus relief for independent restaurant and nightlife businesses in the form of waived advertising fees, and free advertising, products and services.

Funded in part through a Cooperative Agreement with the U.S. Small Business Administration, The New Jersey Small Business Development Centers (NJSBDC) network is also funded by the State of New Jersey and is hosted by Rutgers Business School: Network and New Brunswick.

© 2020, NJSBDC Network

  • Facebook
  • Twitter
  • YouTube