As discussed in our previous guides on federal and state financial resources, the CARES Act introduced many provisions to help small businesses survive through this pandemic. To supplement the federal programs, many states created their own loan programs to help local businesses stay afloat. These programs by the government were created with the intent to cover the economic loss suffered by many due to the coronavirus outbreak. While there are many government loan programs available, many corporations have created private loan funds to provide further financial aid for small businesses. At Farmer Brown, we are here to help independent contractors and small contracting businesses connect with government and private lenders. We have complied this list of private loan options suitable for contracting businesses affected by the pandemic. This COVID-19 private loan guide for the construction industry will be continually updated with as many private loan options across the nation that we find appropriate.
PRIVATE GRANTS AND LOANS:
Otto Bremer Trust Emergency Fund for Minnesota, Wisconsin, North Dakota, and Montana
This is an ongoing list of loans and grants established by private corporations. There are many more resources becoming available for contractors seeking COVID-19 financial help. We will be adding to this list as these resources become available.
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