Denton County OPEN Phase II grants $32 million for businesses for a grand total of $35.1 million to support the local economy

Know of any grants, loans, resources, articles, etc. not currently listed that might be beneficial to Denton County communities, chambers and businesses? Please send information to Michael.talley@dentoncounty.com

  • Grants/Loans/Other Resources
    • Bacardi has pledged $3 million in relief to bars and restaurants affected by the COVID-19 shutdowns as part of its #RaiseYourSpirits campaign.
    • Bumble is giving $5,000 grants to 200 struggling small businesses across 11 countries. Submissions are currently open in Germany, France and Russia.
    • Facebook announced a $100 million grant for small businesses impacted by COVID-19 and launched the Business Resource Hub, which features recommendations to help small businesses stay connected to customers and stay on track.
    • Fairean online marketplace startup, launched a financial calculator tool that helps small businesses understand the changes in their finances before and after COVID-19.
    • Fattmerchant, a payment technology provider, has partnered with Gift Up! to allow its clients to sell virtual gift cards. Gift Up! is waiving its usual 3.49% fee for Fattmerchant’s members’ first $5,000 in gift card sales. 
    • Freelancers Union created a relief fund that will offer financial assistance of up to $1,000 per freelance household.
    • GoFundMe has partnered with Yelp to allow independent businesses to start fundraisers and accept donations through Yelp’s pages. The Yelp Foundation and GoFundMe also both pledged to donate up to $1 million to the GoFundMe.org Small Business Relief Fund.
    • Goldman Sachs announced a slew of initiatives to support small businesses impacted by COVID-19, including a Small Business Stimulus Package allocating $250 million in emergency loans and $25 million in grants. The company has committed a total of $300 million.
    • Google’s pledge to donate $800 million for COVID-19 relief includes efforts to help small and medium-sized businesses gain access to capital.
    • Hello AliceApply 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.
    • Honeycomb Credit, an investment crowdfunding platform, announced a small business relief loan program that’s providing $10,000 to $50,000 in working capital to qualifying businesses.
    • James Beard Foundation started a Food and Beverage Industry Relief Fund to provide microgrants to independent food and beverage small businesses in need.
    • JPMorgan pledged $50 million to help struggling customers, and $8 million in aid to small businesses, specifically.
    • Kabbage launched an online hub to help boost sales for U.S small businesses impacted by COVID-19, including a system through which businesses can sell gift cards to consumers for use at a later date.
    • Kangaroo wants to support business owners who are unable to be physically present at their offices: The security startup is offering free (for three months) security camera and monitoring kits.
    • Kiva is urging small businesses to apply for 0% interest loans for up to $15,000. The company is also offering a longer grace period: New borrowers can access a grace period of up to six months.
    • Loom launched a cash runway scenario planning tool that helps small business owners gauge the impact COVID-19 could have on their companies.
    • MainVest, a crowdfunding platform, announced its new Main Street Initiative: a $2,000, 0% interest, 120-day loan for restaurants or other brick-and-mortars affected by the shutdown, in addition to its normal fundraising offerings.
    • Nav launched a CARES Act SBA Loan Calculator small businesses can use to navigate the new legislation.
    • Opportunity Fund, which specializes in money lending to small businesses owned by women, immigrants and people of color, is collaborating with investors and nonprofits to put together a coronavirus relief fund that will provide grants and low-interest-rate loans to business owners in need.
    • Ring announced its Neighbor Pledge initiative, which encourages individuals and groups to create pledge groups to support local businesses.
    • SalesForce Care Small Business Grants program will soon be offering $10,000 grants to U.S. small businesses to provide capital to help them weather this crisis. They will open the application process to US businesses in mid-April 2020 and international small business support will be announced shortly, for a total financial commitment of $5 million. Learn more and sign up to be notified when we open applications for Salesforce Care Small Business Grants.
    • Seated launched a hotline for restaurant owners to get advice from finance and law experts in the hospitality industry. 
    • SheaMoisture created a $1 million relief fund for minority-owned businesses impacted by COVID-19.
    • Save Small Business Fund is a grantmaking initiative offering short-term relief for small employers in the United States and its territories
    • The National Restaurant Association Educational Foundation announced the Restaurant Employee Relief Fund that will provide grants on a first-come first-served basis to restaurant owners and employees in need.
    • The Red Backpack Fund he 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 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 first round of applications were open from April 6 at 12pm ET through April 12 at 11:59pm ET. Each month, we will accept additional applications. The portal will open for applications again on May 4, June 1, July 6, and August 3.
    • The Restaurant Workers’ Community Foundation formed a COVID-19 Emergency Relief Fund for small businesses and their restaurant workers, and is accepting donations.
    • TRUFUND LAUNCHES $5 MILLION COVID-19 RELIEF FUND TO SUPPORT DISADVANTAGED MINORITY AND WOMEN OWNED BUSINESSES
    • Texas Woman’s UniversityAssistHer Emergency Relief Grant – The purpose of this grant is to help sustain your business while you are under economic hardship due to COVID-19. The funds can be used for technology upgrades or other items needed to change or adapt your business model. Operating expenses (excluding payment of sales tax, payroll, purchase of food for consumption, penalties and fees, and charitable donations).
    • Verizon has allocated $5 million to the Local Initiatives Support Corporation to distribute via grants to small businesses. The first round of grant applications is closed but will reopen in mid-April, and you can register to be notified on their website. 
    • 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.
    • Yelp CEO Jeremy Stoppelman announced the company is providing $25 million in coronavirus relief for independent restaurant and nightlife businesses in the form of waived advertising fees, and free advertising, products and services.