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Small Business Resources

We know COVID-19 presents unique challenges for small businesses. We're pulling together resources and tools to help. We will continue to update this list as we learn of new resources available throughout the Commonwealth.

Please be advised, MGCC is not affiliated with any of the listed programs and we are unable to provide one-on-one assistance for these programs.

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.

Learn more and apply here.

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.

Learn more and apply here.

Open March 13, 2021 SBA Express Bridge Loan Pilot Program

Small businesses who currently have a business relationship with an SBA Express Lender

Learn more and apply here.

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.

Learn more and apply here.

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

Learn more and apply here.

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. 

Learn more and apply here.

Open November 30, 2023 Economic Injury Disaster Loan (EIDL)

Federal disaster loans for businesses, private non-profits, homeowners, and renters

Learn more and apply here.

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.

Learn more and apply here.

Open Ongoing BLDC Loan

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.

Learn more and apply here.

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.

Learn more and apply here.

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.

Learn more and apply here.

Open Ongoing Mainvest Crowdfunded Loan

Brick and mortar businesses, including restaurants, breweries, cafes, yoga, studios and boutiques

Learn more and apply here.

Open Ongoing Opportunity Fund

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.

Learn more and apply here.

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. 

Learn more and apply here.

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. 

Learn more and apply here.

 

General Resources

Type Date(s) Description & Link
Free Business Program

Application Open Feb 1-26.

Program will run March 1-June 30.

Latino Business Resilience Program

The goal of this program is to help Latino-owned small businesses across the Commonwealth to develop and implement resiliency strategies such as pivoting, digital transformation, and capital readiness to navigate the ongoing uncertainties of COVID-19 and create the foundation for success in the recovery. This culturally responsive program is free and will be available in English and Spanish. Spanish translation availableLearn more and apply here.

Free Spanish language webinar Feb 24, 6pm

SBA Spanish language webinar on the new Paycheck Protection Program (PPP)

SBA Speakers will provide an overview of the PPP loan programs and the forgiveness process, outline eligible expenses, go over how to apply, and outline the Second Draw PPP loan eligibility if you've already received a PPP loan, followed by a Q&A session. Learn more and sign up here

Free Info Session

Feb 24, 2pm

Cultivate Small Business Program Info Session

Join a free virtual info session to learn more about the Cultivate Small Business program, application process, and other details. Learn more and sign up here.

Free Info Session March 4, 12pm

Planning Your Financial Future

Join the Chamber of Commerce to learn how to track important financial trends, then teach you how to build important relationships to ensure your business' success and viability into the future. Learn more and sign up here.

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Coronavirus Communication Toolkit

Sharable graphics for social media, websites, and other channels. Find resources here.

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DreamBuilder

Free online courses teaching skills to start or grow your business. Available in English and Spanish. Learn more or sign up here.

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Initiative for a Competitive Inner City (ICIC)

Help with advancing diversity, equity, and inclusion in all forms. Find resources here.

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Interise COVID-19 Resource Center

Carefully curated resource bank of articles and guides designed to help small business owners through these unprecedented times. Find resources here

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Midnight Oil

Expert business advice delivered weekly. Learn more or sign up here.

 

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Reopening Signage Resource

Free signage, infographics, printables for reopening. Find resource here.

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Resource Library for Business Dev Program

Variety of learning tools for small businesses. Find resources here.

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SCORE

Remote mentoring, workshops, and resources. Find resources here

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Small Business Strong

Nonprofit organization providing expedited, pro-bono resources to Massachusetts small businesses ranging from access to capital to consulting, business restructuring, growth, digital marketing, and customer engagement plans. Find resources here.

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Tech Goes Home: Small Business Resources

A collection of online tools to help your small business organize, market, and sell with basic tutorials to help. Find resources here

COVID-19 Small Business Stabilization Network

The COVID-19 Small Business Stabilization Network is a workforce of community development organizations who are here to support ALL small businesses in their communities.  Search the COVID-19 Small Business Stabilization Network list below by region to find an organization near you.

COVID-19 Small Business Stabilization Network