There are a number of master lists of funding programs for small businesses and nonprofits that are being continuously updated, including:

• Nonprofits and Coronavirus – a comprehensive resource listing, plus business survival tips, from the National Council of Nonprofits.

• COVID-19 Nonprofit Resource Guide from the Nonprofit Finance Fund – useful resources like a cash flow tool to help determine your monthly cash flow projection and a scenario template to determine your operating expenses and surplus/deficit.

We’ve picked the most relevant programs from these lists and included them below for your reference.

The National Council of Nonprofits published a comprehensive chart comparing SBA loan options available to nonprofits. We suggest you start there, then read the summaries below.

SBA Paycheck Protection Program Loans (lesser of $10 million or 2.5x average monthly payroll)

• What It Is: Partially forgivable 1% interest loans (with a 2 year maturity)

• Who It’s For: Small businesses and nonprofits

• How It Works: SBA is making forgivable loans available through its existing network of 7(a) lenders. A portion of these loans – which cannot exceed 2.5x your average monthly payroll or $10 million, whichever is less – become forgivable if you keep your existing payroll in place for an 8 week period. If you do, you will not have to pay back any of the loan you used for payroll (and a small portion you used for mortgages, rent payments, leases, and utility service agreements) during that 8 week period. This effectively means that the loan acts like a cash grant – as long as you can keep your employees on payroll during the next eight weeks.

For More Information/To Apply:

• Read ASBDC’s CARES Act Relief page.

• Start gathering the materials you will need to apply.

• Contact a participating lender and fill out a sample application.

SBA Economic Injury Disaster Loan Program (up to $2 million)

• What It Is: Loans direct from SBA at 2.75% for nonprofits, with a possible $10,000 advance.

• Who It’s For: Small businesses and nonprofits

• How It Works: The US Small Business Administration’s (SBA) EIDL Program is designed for businesses impacted by disasters, including businesses impacted by COVID-19 in Alabama – an EIDL can help you meet necessary financial obligations that your non-profit organization could have met had the disaster not occurred.

For More Info / Apply Online: Use SBA’s Disaster Loan Assistance website. If you need help, contact ASBDC.

KIVA Crowdsourced Loans ($0 – $15,000)

• What It Is: Crowdsourced loans at 0% interest with no fees

• Who It’s For: Small businesses and nonprofits

• How It Works: Refer to image on the right

For More Information / How To Apply: visit kiva.org/borrow.

GoFundMe Nonprofit Grants (no minimum or maximum)

• What It Is: Crowdsourced donation platform to help nonprofits access national donors (no requirement for repayment)

• Who It’s For: Nonprofits

• How It Works: GoFundMe gives charities options to either raise directly for themselves (to cover organizational expenses) or for employee relief funds (to help employees furloughed or laid off during the outbreak).

For More Info / Create a Campaign:

• Employee Relief: https://charity.gofundme.com/o/en/campaign/covid19employeerelief

• General Fundraising: https://charity.gofundme.com/

Central Alabama Community Foundation – COVID-19 Grants (Central Alabama-area only)

• Who It’s For: 501(c)3 nonprofit organizations

• How It Works: The grants will be limited to $2,500 per 501(c)3 nonprofit organization.

For More Information: Please visit https://cacfinfo.org/give/covid19/

ASPCA – COVID-19 Relief Grants

• Who It’s For: Animal Shelters, Foster Programs, Veterinary Offices

• How It Works: ASPCA is accepting grant proposals for general operating or program expenses to help meet budget shortfalls and support essential life-saving services for animals such as safety net, adoptions and foster programs, and veterinary services.

For More Information: Please visit https://www.aspcapro.org/grant/2020/03/23/aspca-covid-19-emergency-relief-request-proposals

We have inquiries out to all major statewide foundations, including Regions, Alabama Power, Protective, and others, to ask whether they would like to receive COVID grant requests at this time. If so, we will list those applications and priorities here.

Alabama Department of Labor (State Benefit – Unemployment Claims)

• Who It’s For: All Employers

• What It Does: All charges will be waived against those employers who file partial unemployment compensation claims on behalf of their employees. These charges will be waived until further notice. ADOL is encouraging all employers who can file on their employees’ behalf to do so. This waiver means that employers’ experience ratings will NOT be affected by COVID-19 related claims.

Center for Disease Control: Coronavirus Guidance. The Center for Disease Control has produced guidance for companies to best respond to the COVID-19 virus. Major topics include:

• Preparing Workplaces for a COVID-19 Outbreak

• Reducing Transmission Among Employees

• Maintaining Healthy Business Operations

• Maintaining a Healthy Work Environment

Alabama Department of Public Health. The Alabama Department of labor is a comprehensive COVID-19 resource for the state. Major topics include COVID-19 Related Emergency Actions of Alabama State Agencies and Resources for Patients.

Alabama Department of Labor: Coronavirus Guidance. The Alabama Department of Labor has produced guidance for companies to best respond to the COVID-19 virus. Major topics include news releases, weekly initial unemployment claims, information about coronavirus and unemployment insurance benefits, and more.