Paycheck Protection Program vs Economic Injury Disaster Loans

Lib Ramos
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There are plenty of articles talking about government aid available for small businesses, but this summary of two options from Faire is one of the most helpful. This is a side by side comparison of the Paycheck Protection Program and Economic Injury Disaster Loans to help you decide which one might be a better fit for your business.

The Red Backpack Fund

Lib Ramos
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The Spanx by Sara Blakely Foundation has 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.

https://www.globalgiving.org/redbackpackfund/?utm_source=em&utm_medium=om&utm_campaign=active&utm_term=redbackpackfund&utm_content=040420

AWAW Grant (Update: Now Closed)

Lib Ramos
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A new grant from Anonymous Was a Woman (AWAW) to support artists impacted by the Covid-19 crisis. This program will award $25,000 to artists who have experienced financial hardship from loss of income or opportunity as a direct result of the crisis.

As with AWAW’s annual award, the program is open to women-identifying visual artists over the age of 40 in the United States and territories, and aims to address the unique challenges faced by artists in middle age or older, particularly at this critical time.

https://www.anonymouswasawoman.org/new-page

MailChimp Small Business Support

Lib Ramos
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Current MailChimp customers who have 25 or fewer employees in categories including restaurants and hospitality; brick and mortar retail; travel and leisure; entertainment; health, beauty, and wellness; and other select Main Street businesses are eligible for up to three months of free Mailchimp service. Eligible small business customers can fill out this form to request funding.

https://mailchimp.com/covid19-small-business-support-fund/