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Division of Small Business

Need some emergency funds for your DE small business because of coronavirus? Here are some possible sources


We’re keeping a running list of sources of emergency funding for your Delaware small business economically affected by coronavirus. We’ll update the list as we learn of more.

Here’s what we’re aware of so far.

As of March 20 at 4 p.m.

The state of Delaware Hospitality Emergency Loan Program provides no-interest loans of up to $10,000 per month for businesses in specific segments of the hospitality industry, including restaurants and bars. The program is limited to businesses in certain NAICS Codes.

Click here for more information.

The U.S. Small Business Administration provides low-interest loans of up to $2 million for small business and nonprofits regardless of industry.

Click here for more information.

FINANTA, a Philadelphia-based nonprofit that serves Delaware, is offering emergency loans from $5,000 to $15,000.

For more information, contact FINANTA at (267) 236-7030 (English) or (267) 236-7019 (Spanish).

Click here for the FINANTA website.

Facebook plans to roll out the Facebook Small Business Grants program.

The company will provide $100 million in cash grants and ad credits for up to 30,000 eligible small businesses in the 30 countries in which Facebook operates.

Facebook says it will release details and begin taking applications in the coming weeks.

The Delaware Division of Small Business wants to help you start and grow your business in Delaware.

Contact us to see how we can help you.

 

 


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