Financial Relief Programs
|Application Opens||Application Deadline||Program||Who Can Apply?|
|Open||March 1, 2021||Cultivate Small Business||
Participants in food-related industries, including processing, technology, manufacturing, and food services that reside in or represent a business located in a low-to moderate-income urban area in Massachusetts with gross/net revenues of $35,000 to $1,000,000 in the most recent full calendar year; minimum of 1 year in operation as of January 1, 2021; between 1 and 10 full-time-equivalent employees.
|Feb 24, 2021 at 9am ET||March 10, 2021||14-Day Exclusive Paycheck Protection Program||
Businesses with 20 or less employees and sole proprietors only.
|Open||March 13, 2021||SBA Express Bridge Loan Pilot Program||
Small businesses who currently have a business relationship with an SBA Express Lender
|Feb 17, 2021||March 19, 2021||SNF Small Business Growth & Recovery Fund Grant Program||
Small businesses within traditionally underserved communities; Some of the factors examined in making that determination may include whether the business is located in a low- or moderate-income census tract, is owned in whole or in part by people who identify as women, racial or ethnic minorities, or veterans. Qualified businesses have been operational for at least one year and generate up to $3 million in gross revenue.
|Open||March 31, 2021||First Draw Paycheck Protection Program (PPP) Loan||
Sole proprietors, independent contractors, and self-employed persons; Any small business concern that meets SBA’s size standards (either the industry size standard or the alternative size standard); Any business, 501(c)(3) non-profit organization, 501(c)(19) veterans organization, or tribal business concern (sec. 31(b)(2)(C) of the Small Business Act) with the greater of: 500 employees, or that meets the SBA industry size standard if more than 500; Any business with a NAICS code that begins with 72 (Accommodations and Food Services) that has more than one physical location and employs less than 500 per location. Get help applying for a PPP Loan here. Help is available in English, Spanish, Haitian Creole, Chinese, Arabic, and Portuguese.
|Open||March 31, 2021||Second Draw PPP Loan||
Eligible small businesses with 300 employees or less and that previously received a First Draw PPP loan. These borrowers will have to use or had used the full amount of their First Draw loan only for authorized uses and demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020. The maximum amount of a Second Draw PPP loan is $2 million.
|Open||November 30, 2023||Economic Injury Disaster Loan (EIDL)||
Federal disaster loans for businesses, private non-profits, homeowners, and renters
|Open||Ongoing||Black Business Relief Program: The Futures Fund||
Black-owned small business; 600 credit score; annual revenue of $500k/year; 1 year of past financials; 1 year of projected financials; tax and credit history; business assets; and more.
Businesses located in the City of Boston, those seeking to relocate, or those creating a new enterprise in the City. The borrower may be a corporation, LLC, partnership, sole proprietor, or in some instances, a realty trust. There is a credit requirement.
|Open||Ongoing||Boston Local Development Corporation Loan||
Small businesses located in the City of Boston, those seeking to relocate, or those creating a new enterprise in the City. The borrower may be a corporation, LLC, partnership, sole proprietor, or in some instances, a realty trust. Spanish translation available.
|Open||Ongoing||Kiva Crowdfunded Loan||
Must be living in the U.S.; Must be at least 18 years old; Must use this loan for business purposes. Spanish translation available.
|Open||Ongoing||Mainvest Crowdfunded Loan||
Brick and mortar businesses, including restaurants, breweries, cafes, yoga, studios and boutiques
Individual artists living in the City of Boston who want to pursue meaningful one-time artistic opportunities to further their career. Application instructions available in Spanish.
|Open||Ongoing||Reopen Boston Fund||
Small businesses that have fewer than 25 employees including the business owner; Have a brick and mortar space in the City of Boston in a commercial space or the business owner lives in the City of Boston and is a mobile business doing business in Boston; Are registered and in good standing with, and operate in, the City of Boston (excluding chain or corporate franchises), and require close physical contact with the public through direct business services (e.g., hair salons, spas, beauty services, retail, food businesses, arts and entertainment, fitness studios, event spaces or bars, childcare). Application instructions available in English, Chinese, Haitian Creole and Spanish.
|TBD||TBD||SBA Shuttered Venue Operators Grant||
Live venue operators; theatrical producers; live performing arts organization operators; relevant museum operators, zoos and aquariums who meet specific criteria; motion picture theater operators; talent representatives and each business entity owned by an eligible entity that also meets the eligibility requirements. More details coming soon.