Every day, hundreds of companies and nonprofits across the United States turn to Fundingportal to find the right grants and incentives for their business.
Over the past month, more and more businesses have used our Fundsearch tool to quickly find the right federal and state COVID-19 grants and loans to carry their operations through these difficult times.
Below are the Top 5 most searched for programs on our tool this week.
TOP 5 MOST POPULAR COVID-19 STIMULUS PROGRAMS ON FUNDSEARCH
- California Capital Access Program (CalCAP) for Small Business
CalCAP is a loan loss reserve program that provides up to 100% coverage on losses as a result of certain loan defaults. Individual borrowers are limited to a maximum of $2.5M enrolled over a 3-year period.
- Florida Small Business Emergency Bridge Loan COVID-19
This Program is currently available to small business owners located in all Florida counties that experienced economic damage as a result of COVID-19. It offers short-term, interest-free working capital loans intended to “bridge the gap” between the time a major catastrophe hits and when a business has secured longer-term recovery resources.
- Michigan Small Business Relief Program
These grants are administered by 15 local and nonprofit economic development organizations (EDOs).
- Paycheck Protection Program
This federal Program provides 8 weeks of cash-flow assistance through 100% federally-guaranteed loans to small employers that maintain their payroll during this emergency. This program ran out of money last week, but more funding is expected to be announced this week.
- Economic Injury Disaster Loan Program
This SBA loan advance provides up to $10,000 of economic relief to businesses that are currently experiencing temporary difficulties.
Didn’t see the right funding program for your business? Try Fundsearch today.