Financial Resources

Grants & Loans

Don't miss out on funds or grants that could be available to your business. Use the information below to see which may be right for you.

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Local Loans

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Revive Dallas Small Business Relief Fund

Grant for local Dallas small businesses negatively impacted by COVID

Grant

Eligibility: Any business with <15 employees, revenue <$1.5M, loss of 15% revenue with at least 9 months of operation

Max Amount: Up to $25,000

People Fund Small Business Loans

Multiple types of loans to personalize to your Texas business's needs

Loan with 7-15% interest (discount to women and veterans)

Eligibility: Any business with at least a 600 credit score rating and 3 months of bank statements

Max Amount: Up to $25,000 for FlashFunds specific loan

North Texas Cares Fund

Grant aimed at non profits who are providing COVID related services in North Texas

Grant

Eligibility: Any business that is 501c3 registered and provides services in North Texas

Amount: Varies by funder

Dallas Small Business Continuity Fund        

Grant program designed to assist low-to-moderate microenterprise business owners, sponsored by the City of Dallas Economic Development group

Grant and/or loan

Eligibility: Located in City of Dallas, less than 50 employees

Amount: Max $10,000 for grant and $50,000 for loan

First round application expired, but make sure to check back for more rounds

Dallas County Emergency Business Assistance Program

Forgivable loan for businesses that have been negatively affected by the pandemic

Forgivable loan, 1 yr term with 1% interest

Eligibility: Located in Dallas County, <100 employees, and revenue loss greater than 25%

Amount: Max $15,000

Deadline: June 28, 2020

National Loans

Paycheck Protection Program (PPP)

Loan with potential forgiveness

Eligibility: Any business with <500 employees

Max Amount: Up to $10MM determined by 8 weeks of prior average payroll plus an additional 25% of that amount

SBA Disaster Loan and Express Bridge Loan

Loan for small business owners who need working capital to help overcome temporary loss of revenue

Disaster Loan: 3.75% interest, Bridge loan: prime + 6.5% interest

Eligibility: Any business with <500 employees, bridge loan requires relationship with an SBA Express lender

Max Amount: Disaster Loan: Up to $2MM, Bridge Loan: Up to $25k

SBA Debt Relief

SBA will cover loan payments including principal and interest for up to six months

Grant (must be used with debt payment)

Eligibility: <500 employees Current 7(a) / 504 / microloan

Max Amount: 6 months of principle and interest

 

Hello Alice COVID-19 Emergency Grant Contest

Contest for businesses impacted by COVID who show strong need and strategic plan for use of funds

Grant contest

Eligibility: Any business incorporated in the US. Must demonstrate need and proposed use of funds.

Max Amount: $10,000

Deadline: July 16, 2020

Spanx Red Backpack Fund

Grant for female entrepreneurs in the US

Grant

Eligibility: Majority women-owned 2-50 employees <45MM in revenue in each past 3 years

Deadline: Next round open from June 1-8, 2020

Max Amount: $5,000 grants

Lowe's Small Business Relief Grant

Grant aimed at ensuring businesses receive sufficient COVID support

$25M in grants

Eligibility: Small business professionals, especially in the home improvement space

Application period is open until June 17. Check back for additional rounds of applications

Employee Retention Tax Credit

Tax credit for the first $10,000 in employee compensation, including the employer portion of health benefits

Tax credit

Eligibility: Any business that have experienced a decline of >50% in gross receipts since COVID-19

Max Amount: $50% of up to $10,000 in compensation

GoFundMe Small Business Crowdsourcing

Supports local businesses who are experiencing financial loss by rallying support and donations from the community

Crowdfunding Grant

Business negatively impacted by a government mandate due to COVID-19

Max Amount: Unlimited, with a max $500 matching

The Actors Fund

Assitance to cover living expenses for performing artists and entertainment industry workers

Grant

Eligibility: Income requirements depending on job within the entertainment industry

Amount: 2 months of living expenses

Professional Beauty Association Relief Fund

Grant to support beauty professionals who are unable to work due to COVID-19

Grant

Eligibility: Licensed beauty professional who has been unable to work due to COVID-19, has not participated in other fundraisers

Amount: $500

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