COVID-19 Resources for Small Businesses and Nonprofits

  • Posted by Lauren Grattan
  • On March 18, 2020

[Updated April 3, 2020]

We’re sharing with you—our community—the same message and COVID-19 resources for small businesses and nonprofits that we provided to our active borrowers. During this challenging time, stay true to your values and support each other. None of us will come out of this unchanged.

This is rapidly evolving. We will update this list as we can, but resources are current as of April 3, 2020.

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Dear borrowers, 

As the COVID-19 pandemic continues to unfold, we are thinking about all manner of effects to you—our borrowers, our community, our investors, and our clients. 

As of March 13, we closed our office and instituted mandatory work from home as a precautionary measure to slow transmission. We’ll continue to monitor public health notices and extend that date as needed. As we adjust our work practices, please reach out directly to your primary points of contact by email or phone with any questions or concerns.


First and foremost, we want your organization, your employees, and your community to weather this public health and economic cyclone. We are here for you. As your partner in this work, we share some immediate considerations from our colleagues at ICA Fund Good Jobs as your customers practice physical distancing, and have rounded up several other supportive COVID-19 resources.

Flexibility for Mission Driven Finance loan agreements

We recognize that there are many factors beyond your control. Again, we want your organization and your employees to stay healthy and active in the community.

As a private asset management firm and impact investor, we have the opportunity to do things a bit differently than many more regulated banks and other financing providers, though we still have constraints to be good stewards of our investors’ capital. To this end, Mission Driven Finance team members, including Louie, David, and Shreya are reaching out to borrowers to discuss loan modification possibilities.

Below are further resources that may be helpful to you, your organization, and your team.

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I need ways to support my team and organization right now 

(courtesy of ICA Fund Good Jobs)

What are my operational considerations?
  • Assess what part of your business requires additional attention as it may be vulnerable to the interruption or slowing of orders, supply chain, etc.
  • Follow the guidelines in the resources shared below to help keep your work space, store or office sanitized, and updated policies and procedures to your employees and customers 
How do I address my liquidity needs?
  • Negotiate longer payment period for bills due
  • Reduce hours of operation
  • Reach out to your bank or current lenders and explore if there is additional capital you could take on and be aware of predatory lending practices during this time
How do I support my employees?
  • Be clear on the business decisions you’ve made or plan to make because of the impact of COVID-19
  • Share EDD resources (below), in the event that hours are reduced, they need to take sick leave, they must care for a member of their family, or must quarantine themselves 
How can I keep a pulse on our company’s finances?

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I need financial resources for my business with qualifying information

  • Grant Space by Candid — Long list of national grants organized by what type of entity you are representing.
  • Kiva — Effective immediately, U.S. applicants for a Kiva loan will have access to expanded eligibility, loan increase to $15,000, and a grace period of up to 6 months.
  • Open Road Alliance — Invests in social impact organizations experiencing “unexpected roadblocks during implementation.” Must be at the mid-implementation stage to qualify.
  • Restaurant Workers’ Community Foundation — Pending relief grants fund & food industry-specific COVID-19 resources
  • SBA emergency loans — Apply for Economic Injury Disaster Loans (EIDL). The entire state of California is a disaster area.
    • The SBA says it can take up to three weeks for approval of disaster loan applications—which is why the package also includes $10 billion for an advance of $10,000 to small businesses and nonprofits that apply for an SBA economic injury disaster loan within three days of applying for the loan. The advances don’t need to be paid back, even if the business doesn’t ultimately get approved for one of those loans. (per this Next City article)
    • Available only if you cannot obtain credit elsewhere
      • Not strictly clear how this is defined, but one business owner shared that they have an SBA-backed line of credit and were told they are still eligible and could use this disaster relief program to pay off the line.
    • Max $2M
    • 3.75% up to 30-year term for small businesses
    • 2.75% for eligible nonprofits
    • Approved use of funds includes paying off outstanding debts, payroll, and any other bills
    • Loans over $25 require collateral, credit history required (unclear on specifics), timeline estimated to be 3 weeks after completed application
    • Be ready to submit the following information:
      • Estimated amount of revenue loss from February 1 to now
      • For sole proprietors, a list of your personal assets and personal liabilities
      • Schedule of Business Liabilities (ALL debt including credit cards and accounts payable to your vendors and suppliers)
      • Last business tax returns for incorporated businesses OR last personal tax returns for sole proprietors
  • SBA Lender Match portal — Unified form for a large number of SBA providers. This includes disaster relief loan inquiries as well.
  • U.S. Chamber of Commerce Coronavirus Emergency Loans Small Business Guide & Checklist — A cheat sheet to help all types of business owners understand the CARES Act and specifically the Paycheck Protection Program.
  • Wefunder — Crowdfund from your community but with repayment terms that flex with your revenue during these uncertain times

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  • COVID-19 Biz Tools — Wide range of resources for all types of businesses in California with information and links to resources for regional, state, and federal relief programs. Additional specific resources listed for nonprofits, corporations, and utility companies.
  • Duke Capital Relief Database — Broad collection of emergency funding from across the country of over 100 funds, listing specific funds for the State of California and cities including San Diego.
  • Philanthropy CA Resources — Under the “response funds” tab there is a very large selection of various emergency funds for COVID-19. This list is updated daily and include funds for the state as well as smaller local funds.
  • Sempra Energy COVID-19 Nonprofit Hardship Fund — $500 to $50,000 grants for small & medium-sized nonprofit organizations
  • Work Sharing Program
    • Minimize or eliminate the need for layoffs
    • Keep trained employees and quickly prepare when business conditions improve
    • Avoid the cost of recruiting, hiring, and training new employees

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San Diego

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For those solving challenges related to COVID-19
  • Action Against Corona — A new initiative from the Norrsken Foundation with grants, investments, and connections
  • Fight The Virus Accelerator — Accepting applications now till 4/3/20 for a virtual accelerator offering $50K investment and mentorship from successful founders
Additional COVID-19 resources for businesses 

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Public health resources

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Resources for workers & individuals

Financial supports
Other supports for individuals

Know of other COVID-19 resources you don’t see here? Fill out this form to submit something. Broken links or outdated info? Let us know at Want to know how you can help respond and rebuild? Click here.

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