Alternative Funding Sources for the Covid-19 Crisis

The Paycheck Protection Program, the U.S. federal initiative to provide loans to small businesses, has mostly not reached the intended beneficiaries. There is not enough money, and loans to date have often gone to large companies. The second round is beset by problems as the Small Business Administration website cannot handle the volume of requests.

Small businesses may want to consider alternative funding sources to stay afloat. What follows are some options.

Business For All

In conjunction with Verizon and the fundraising site Hello Alice, Business For All is offering $10,000 emergency grants on a rolling basis to small businesses affected by Covid-19.

Original article here.

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