Business Resources During COVID-19 -- Updated Daily

Tax Information


Insurance Information

  • An article explaining business interruption insurance coverage


Loans


Health and Safety


Marketing


Industry-specific Resources


Commercial Programs

  • Facebook is offering $100 million in grants for small businesses
  • James Beard Foundation has created the Food and Beverage Industry Relief Fund and is currently working on application criteria
  • Kiva, a small business, crowdsourcing investment company is offering 0% loans up to $15,000 with no payments for six months
  • MainVest, a tech company that offers crowdsourced investing in return for profit sharing is offering a zero-interest, 120 days $2,000 loan if you have an existing business
  • Microsoft Teams freemium period - they are offering unlimited chat, built-in group and one-on-one audio or video calls, 10 GB of team file storage and 2 GB of personal file storage per user
  • Square — The payment processor is refunding all software subscription fees for the month of March for existing sellers who currently use Square
  • Yelp — The online review website announced a $25 million in relief, primarily focused on supporting independent local restaurant and nightlife businesses, in the form of waived advertising fees, and free advertising, products, and services, during this period
  • Loom launched a cash runway scenario planning tool that helps small business owners gauge the impact COVID-19 could have on their companies.
  • 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
  • Google is offering $340 million in free digital ads


Bartering for Business


Credit Card Relief

  • American Express Financial Hardship — Amex is evaluating accounts on a case-by-case basis under its Financial Hardship Relief program to provide support for cardholders impacted by COVID-19
  • American Express Working Capital — Amex business cardholders can enroll with no credit check and get ongoing access to funds used for vendor payments between $500 and $150,000 with repayment terms of 30, 60 or 90 days. These charge a fixed fee between 0.6% and 5.25%.
  • Chase — You can call the number on the back of your card and ask to speak with an account representative about the possibility of relief from fees and interest. Multiple readers have reported success in having interest and late fees waived due to hardship related to COVID-19. We also just received reports of Chase extending the time required to meet the minimum spend to trigger any signup bonuses.


State by State Rundown

Given we are Seattle-based, here are specifics for Washington State. A rundown for all U.S.A. states can be found here.


Washington State