The SBA Economic Disaster Loan program and new programs created by the Coronavirus Aid, Relief and Economic Security Act (CARES Act) recently passed by Congress and signed by the President has brought $2.2 trillion to the economy to support citizens and small businesses impacted by the COVID-19 pandemic. We at the Ohio Small Business Development Center are here to assist you, the small business owners, to take advantage of the programs best suited to make a positive impact on your businesses.
We will be posting updates on these loan programs and relevant Covid-19 related resources on this page as they become available to us. We hope you find this information helpful.
NOTE: The Covid-19 pandemic has created an unprecedented capital need for businesses and individuals across the country. As financial institutions and agencies work to meet this demand processes and program details are subject to change. Check program details on associated websites regularly for updates.
The Columbus-Franklin County COVID-19 Small Business Response and Recovery Fund offers grants, technical assistance, and low-interest loans for small business impacted by the COVID-19 pandemic.
This program provides three (3) types of relief:
•Financial Relief– to provide financial assistance to existing small business owners in the form of grants and loans;
•Personal Protective Equipment Procurement Assistance– to provide financial support to assist existing small businesses in securing equipment or making health/safety improvements required to reopen businesses in the City of Columbus;
•Training and Technical Assistance– provide pre and post-application training and technical support to grant/loan applicants and recipients, of existing small businesses, seeking to maintain operations and retain existing and potentially and new employees in the City of Columbus. Technical Assistance Providers will also track program metrics.
Financial Relief funding available includes Recovery Grants, Small Business Return Safely Grants (PPE) and Pivot Loans.
Fund program overview and requirements, a business eligibility tool to determine if you qualify for City of Columbus or Franklin County funding, and instructions on how to apply can be found by clicking the link below: https://bit.ly/CBUSRecoveryFund
New Funding Opportunities for Ohio Businesses
Two of the new programs will offer grants to businesses that either manufacture personal protective equipment (PPE) or are owned and operated by minorities or women. The third program will make loans available to businesses in Ohio’s Appalachian region. All three programs will be administered by the Ohio Development Services Agency (Development).
Ohio PPE Retooling and Reshoring Grant Program
For information and to apply visit:
Ohio Minority Micro-Enterprise Grant Program
For information and to apply visit: https://development.ohio.gov/bs/bs_mmegp.htm
Appalachian Region Loan Program
For information and to apply visit: appcap.org.
Ohio small businesses can learn more about these and other resources available through the Office of Small Business Relief and Development at Coronavirus.Ohio.Gov/BusinessHelp.
SBDC Webinar: Reopening Your Business and Keeping it Open 6.4.20
Updated: Cares Act SBA Loan Programs, Alternate Lending Options and Business Resources
SBA ECONOMIC INJURY DISASTER LOAN APPLICATION PAGE-BY-PAGE WALK THROUGH & PAYCHECK PROTECTION PROGRAM REVIEW
COVD-19 SBA Economic Injury Disaster Loan Application
Economic Injury Disaster Loan Emergency Advance
Paycheck Protection Program
Paycheck Protection Program Loan Forgiveness Press Release
Paycheck Protection Program Loan Forgiveness Application
SBA Express Bridge Loans
COVID-19 Coronavirus Relief Options
Find SBA-Approved Lenders
Coronavirus and Unemployment Insurance Benefits – FAQs
Unemployment Insurance Benefits Application
Families First Coronavirus Response Act: Employer Paid Leave Requirements
Families First Coronavirus Response Act: Questions and Answers
The Small Business Owner’s Guide to the CARES Act
Office of Small Business Relief (OSBR)