UPDATES, INFORMATION, AND RESOURCES FOR SMALL BUSINESSES, HOMEOWNERS, AND RENTERS
In an effort to support Latinos and other underserved communities impacted by the COVID-19 public health emergency, we have created a list of resources and key information for small businesses, homeowners, and renters located in Maryland, DC, Virginia, and Puerto Rico.
LEDC will continue to provide digital service delivery through October 2020. Our offices in DC, MD, VA, and Puerto Rico will remain physically closed. However, all staff will continue to serve clients digitally. Please find contact information for LEDC staff here: ledcmetro.org/team.
Please click the links below to get a full list of updates, information, and resources:
*LEDC will be updating this page frequently as new information becomes available.
- SBA’s Economic Injury Disaster Loans (EIDLs): Small businesses in DC, Maryland, Virginia, and Puerto Rico can now apply for SBA’s working capital loans to help alleviate economic injury caused by the pandemic.
- Deferment on Existing SBA Disaster Loans: On Monday, March 23, 2020, SBA Administrator Jovita Carranza announced they will defer existing disaster loans through December 31, 2020. Businesses that are currently paying off these loans do not need to contact the SBA, deferment is automatic.
- Amber Grant: In 2020, the Amber Grant has been doubled to $4,000. Earn any Amber Grant through November, 2020, and you’ll be eligible for an additional $25,000 grant at the end of this year. Deadline Sept 30.
- The Red Backpack Fund: The Spanx by Sara Blakely Foundation donated $5 million to support female entrepreneurs in the wake of COVID-19 and teamed up with GlobalGiving to establish The Red Backpack Fund. GlobalGiving will be overseeing the fund, making at least 1,000 grants of $5,000 each to female entrepreneurs in the U.S. to help alleviate the immediate needs and support the long-term recovery of those impacted by this crisis. The next round of applications opens September 8-15.
Hello Alice Business for All Grant: Apply for grants up to $50,000 to support business growth, including $10,000 emergency COVID-19 Business for All Grants to help small businesses in crisis. Business for All is a national movement to lift up 100,000 small business owners to receive funding Deadline to apply is September 25.
Black Founder Start-up Grant: SoGal Ventures- venture capital firm that seeks out and invests in female CEOs. AMOUNT: $5,000 & $10,000 grants. This application is rolling, with new grantees awarded at the end of each month.
COVID-19 Crowdfunding Relief Initiatives: A list of crowdfunding platforms that have created special COVID-19 relief initiatives for U.S.-based campaigns.
- Free Brief Legal Advice for Non-Profits & Small Business: DC Bar Pro Bono offers free 45 minute phone consultations.
- Business Licensing & Permitting Extension: Any business licenses, professional/occupational licenses, vending licenses, etc. that expire during the declared emergency will be considered valid, and people will have until 45 days after the declared emergency is over to renew their licenses.
- The Arts & Humanities COVID-19 Relief Fund: Available to Montgomery County, MD based non-profit arts and/or humanities organizations and individual artists and scholars experiencing financial hardship due to COVID-19. The application deadline is September 14.
- Rebuild Virginia Grant Fund: Applications are now open Funding is being made available through Rebuild VA, a new economic recovery fund, and grants of up to $10,000 will be awarded to approximately 7,000 applicants to cover eligible expenses. Businesses and nonprofits must be in good standing, have annual gross revenues of no more than $1.5 million, and have no more than 25 employees.
- Dominion Energy Small Business EnergyShare Relief: program to assist those small businesses impacted by the Coronavirus pandemic. Dominion Energy Virginia is pledging $500,000 to help provide energy bill relief for small businesses, nonprofits, and houses of worship in its Virginia service territory
- Kiva Small Business Loan: Kiva in PR has launched a new 0% interest loan product for small businesses impacted by Covid-19. Businesses can start repaying the loan 6 months after receiving the money. The life of the loan repayment is 36 months, which starts counting after the 6-month grace period.
- CDC Temporary Halt in Residential Evictions to Prevent the Further Spread of COVID-19: The CDC announced the issuance of an Order under Section 361 of the Public Health Service Act to temporarily halt residential evictions effective September 4, 2020, through December 31, 2020, to prevent the further spread of COVID-19.
- Tenant-Based Rental Assistance (TBRA): The Latino Economic Development Center (LEDC) is offering the Tenant-Based Rental Assistance (TBRA), a program designed by the DC Department of Housing and Community Development (DHCD) to assist low-income renters who have experienced a loss of income due to COVID-19 with their rental payments. This assistance can be up to 6 months, depending on when the client's rent default began, until December 31st, 2020.
- Landlord issues: When you sign a lease agreement, you are granted certain rights and protections under the lease agreement. Contact Baltimore Neighborhoods, Inc at 1-800-487-6007 if you are having issues with your landlord. They can help you understand your rights and protections.
- Emergency Food Insecurity Response: A full list of resources as well as an interactive map of meal sites across the City for food-insecure residents.