Resources Available to Small Businesses
Grants for minority-owned small businesses in Metro-Atlanta
Local Initiatives Support Corporation (LISC) Atlanta is partnering with Lowe's to launch the Neighborhood Business Grants program on August 18th. LISC will award $20,000 grants to 750 businesses in 15 cities nationwide, including Atlanta. Businesses across Metro-Atlanta are eligible and can use this map to confirm eligibility.
Here are the highlights:
- The grants are intended to help small businesses address pressing operational needs like rent, utilities, payroll, debt, and upgrades to technology infrastructure.
- Priority will be given to:
- Minority-owned businesses
- Women-owned businesses
- Businesses located in historically disinvested communities in Metro-Atlanta
- Businesses in these sectors: Construction, Manufacturing, Retail, Transportation, Warehousing, Real Estate Renting or Leasing
- Businesses will receive grants of $20,000
- Applications will open on August 18th and close on August 23rd
- The application landing page (the application goes live on Tuesday, August 18th): https://www.lisc.org/covid-19/small-business-assistance/lowes-neighborhood-business-grants/
SBA is providing resources such as the SBA Express Bridge Loans, Economic Injury Disaster Loans, and Paycheck Protection Program.
The Paycheck Protection Program: What You Need to Know and How to Apply – Ashley Bell, White House Policy Advisor
SBA Disaster Emergency Relief: Through the federal Small Business Administration (SBA)
- If you can show that you have employees and in need right now, you can be eligible to receive funding in 72 hours - $10,000
- Economic Impact Disaster Loan (EIDL) – Up to $2 million (3.75% for profits/2.75% for nonprofits). Amortized for over 30 years. It can be approved in 2 weeks.