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EMERGENCY FINANCIAL ASSISTANCE FOR SMALL BUSINESSES, STARTUPS, <br />AND NON-PROFIT ORGANIZATIONS <br />Program Type Program Name <br />Self-employed <br />entrepreneur <br />Small business <br />and startups <br />Venture <br />capital-backed <br />startup Nonprofit Details <br />Where do <br />I apply?Contact Information <br />Federal grant/ <br />loan <br />SBA Economic Injury <br />Disaster Loan (EIDL) <br />and Emergency Grant <br />Yes Yes * Maybe Yes <br />Loans Up to $2 million with first <br />payment deferred for 12 months <br />Emergency Grant of $1,000 per <br />employee up to $10,000 <br />* SBA affiliation rule may preclude <br />some VC-backed startups from <br />qualifying. <br />Directly with the <br />Small Business <br />Administration <br />Website: sba.gov/disaster <br />Email: disastercustomerservice@sba.gov <br />Phone: 1-800-659-2955 <br />(TTY: 1-800-877-8339) <br />Federal grant/ <br />loan <br />SBA Paycheck Protection <br />Program (PPP)Yes Yes * Maybe Yes <br />Forgivable loans up 2.5x monthly <br />payroll or $10 million. Loans are <br />forgivable for certain operational <br />expenses paid for in the first <br />8-weeks after taking out the loan. <br />* SBA affiliation rule may preclude <br />some VC-backed startups from <br />qualifying. <br />With a local <br />particpating <br />lender. <br />Website: sba.gov/funding-programs/loans/ <br />coronavirus-relief-options/paycheck-pro- <br />tection-program-ppp <br />Federal tax <br />program <br />IRS Employee <br />Retention Credit Yes Yes Yes Yes Program cannot be used if you are <br />receiving a PPP loan. <br />Directly with <br />the IRS <br />Website: irs.gov/coronavirus-tax-re- <br />lief-and-economic-impact-payments <br />Federal tax <br />program <br />IRS Delay of Payment <br />of Employer Payroll Taxes Yes Yes Yes Yes Program cannot be used if you are <br />receiving a PPP loan. <br />Directly with <br />the IRS <br />Website: irs.gov/coronavirus-tax-re- <br />lief-and-economic-impact-payments <br />Unemployment <br />Insurance <br />Pandemic Unemployment <br />Assistance (PUA) Program Yes Maybe Maybe Yes <br />Recipient must qualify as a self- <br />employed business owner whose <br />primary source of income is the <br />business they directly operate. <br />With the state <br />UI office.Website: uimn.org <br />State loan <br />Minnesota Small Business <br />Loan Guarantee (SBLG) <br />Program <br />Ye s Ye s Yes No <br />80% loan guarantee for loans up <br />to $250,000 made by a qualified <br />economic development lender. <br />For business with fewer than <br />250 employees. <br />With a local <br />particpating <br />lender <br />Website: mn.gov/deed/business/financing- <br />business/deed-programs/peacetime/ <br />sbel-lenders.jsp <br />State loan <br />Minnesota Small <br />Business Emergency <br />Loan (SBEL) Program <br />Yes, for businesses <br />affected by <br />Executive Orders <br />20-04 and 20-08 <br />Yes, for businesses <br />affected by <br />Executive Orders <br />20-04 and 20-08 <br />Yes, for businesses <br />affected by <br />Executive Orders <br />20-04 and 20-08 <br />No <br />Zero interest loans up to $35,000 <br />through approved lenders to meet <br />expenses. <br />With a local <br />particpating <br />lender <br />Wesbite: mn.gov/deed/business/financing- <br />business/deed-programs/loan-guarantee/ <br />enrolled-lenders.jsp <br />State Grant <br />Minnesota Peacetime <br />Emergency Child <br />Care Grants <br />Yes, for child care <br />providers that <br />remain open. <br />Yes, for child care <br />providers that <br />remain open. <br />Yes, for child care <br />providers that <br />remain open. <br />Yes, for child care <br />providers that <br />remain open. <br />For child care providers that <br />remain open for the duration <br />of the declared peacetime <br />emergency. <br />With Childcare <br />Aware Minnesota <br />Wesbite: childcareawaremn.org/providers/ <br />emergency-child-care-grants <br />Email: EmergencyGrants@childcarea- <br />waremn.org <br />Phone: 651-290-9704