COVID-19 is not only taking a toll on the United States economy, but also on companies across the nation. With the amount of uncertainty, Thankfully, several companies are offering generous help to small business owners during COVID19. The federal and state government, banks, large institutions, social media platforms, and many more are offering financial resources for companies facing the Coronavirus pandemic.
Currently, there are government resources for companies during COVID19. Many loans and grants are accessible through states and the federal government. All fifty states, Washington D.C. and some U.S. Territories, are qualified for the COVID-19 SBA Disaster loan, which is an excellent option for companies that saw a considerable decrease in sales and earnings as a result of COVID19. If you are interested in learning more, we recommend you check out our COVID19 Relief Page. For those companies that do not qualify or are not interested in getting a loan or grant, there are other alternatives available to help with financial assistance.
Here are 7 FREE resources for business owners affected by the coronavirus pandemic.
- Yelp is offering $25 million in Relief for Affected Small Businesses. Yelp will be applying this money to waive advertising fees and offer free supplementary advertising and the use of products and services. From free access to Yelp Reservations to $100 in free search advertising, Yelp is doing what it can to support small businesses feeling the effects of this virus.
- A variety of banks are offering Relief to those who need it. This list shows a comprehensive overview of what several banks are doing to provide relief. The list of banks includes Ally, Bank of America, Capital One, Chase, Citibank, Discover, PNC Bank, Fifth Third Bank, Marcus by Goldman Sachs, PNC Bank, Truist, U.S. Bank, and Wells Fargo.
- Facebook gives $100M in grants, ads to small businesses hit by coronavirus. Facebook will be awarding $100M in cash grants and ad credits to help eligible small companies.
- LinkedIn opened up 16 of its learning courses for free. These LinkedIn courses will help you stay productive, build relationships when you’re not face-to-face, use virtual meeting tools, and balance life and work dynamics healthily.
- Jamm, an audio-visual communication tool, is free to use. For organizations that may not be used to working remotely, Jamm is a great resource for holding virtual huddles, recording videos, and also integrates with Slack.
- Hootsuite free for small businesses. Now through July 1st, Hootsuite is allowing unrestricted access to Hootsuite Professional to small businesses and nonprofits. Hootsuite is a social media scheduling and management platform tool to help you stay connected to your customers and communities.
- Comcast is offering Free Xfinity WiFi. Xfinity wifi will be free for everyone! To access the service, look for the “xfinitiwifi” network name in a list of hotspots.
While these free sources won’t be able to resolve all of the destruction small businesses are facing, they certainly can help.