Local Business & Employment Resources

Verizon-LISC COVID-19 Recovery Fund

We just received this important information. This is NOT A LOAN...this IS A GRANT! DEADLINE TO APPLY - SATURDAY April 4th

As LISC Charlotte is working on other local small business fund initiatives, LISC is grateful for Verizon’s National partnership for making the Verizon-LISC COVID-19 Recovery Fund a reality. Charlotte area small businesses are encouraged to apply for grant support to help address your immediate financial impact due to the pandemic.

WHO IS ELIGIBLE?
LISC will use the Verizon funding to provide grants of up to $10,000 to businesses facing immediate financial pressure because of COVID-19—especially entrepreneurs of color, women-owned businesses and other enterprises in historically underserved communities who don’t have access to flexible, affordable capital.

• WHAT IT CAN BE USED FOR? Paying rent and utilities
• Meeting payroll
• Paying outstanding debt to vendors
• Other immediate operational costs

WHAT’S NEXT?
Click here to access the application. Your application must be completed by Saturday, April 4th, 11:59 p.m. ET.

PLEASE KEEP THE FOLLOWING IN MIND:
· For business owners with multiple businesses, please answer this survey based on your largest business owned.
· Each awardee is limited to one grant per tax ID. You will need this ID to complete the application.
· Eligibility is based on accurate and complete submission of request to include required documents uploaded.
· This program is not eligible to employees of Verizon or LISC.
· Your application must be completed by Saturday, April 4th, 11:59 p.m. ET.

Email verizongrantinfo@lisc.org for questions and troubleshooting. We will get back to you as soon as possible.

ABOUT THE VERIZON-LISC SMALL BUSINESS RECOVERY FUND
Small businesses across the country are confronting extreme economic challenges as a result of the COVID-19 pandemic. Financial support at this critical time can make the difference between staying in business or closing permanently, leading to lost income, jobs and economic stability. Thanks to a $2.5 million investment from Verizon, LISC is offering grants to help small businesses fill urgent financial gaps until they can resume normal operations or until other more permanent financing becomes available.

Companies That Are Hiring Now

Many local businesses and employees have felt the negative impacts of COVID-19 on their jobs and incomes. In a bit of good news, many of the "essential" businesses are hiring and some are even offering bonuses. To view a list of these companies, click here

U.S. Small Business Administration Disaster Relief

The U.S. Small Business Association (SBA) has approved the request for North Carolina’s disaster relief declaration. This will allow small businesses impacted by the coronavirus to apply for a low-interest SBA disaster loan as a result of COVID-19. For more information or to apply for a loan:

FAQ


You can also view a fact sheet outlining the process to apply for a disaster loan, including the documentation required, at https://disasterloan.sba.gov/ela/Documents/Three_Step_Process_SBA_Disaster_Loans.pdf

Webinar


Check out this webinar with with Levi Kinnard of the US Small Business Administration to share information about the Economic Disaster Injury Loans available to small businesses dealing with the challenges related to the COVID-19 Outbreak.

Small Businesses: Emergency Loan Guide and Checklist

The U.S. Chamber of Commerce recently released a guide to the Coronavirus Aid, Relief and Economic Security (CARES) Act. The Act "allocates $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn." The guide helps businesses determine if they're eligible and the necessary steps to take to secure a loan. 

Unemployment and Tax Information

Due to high volume on their customer call line, the Department of Commerce recommends the fastest and most efficient way to file for assistance is online: https://des.nc.gov/apply-unemployment/. 

To find the latest information on unemployment insurance changes due to COVID-19, visit https://des.nc.gov/need-help/covid-19-information.

Charlotte SCORE

The Charlotte SCORE chapter has more than 75 certified mentors that provide free one-on-one mentoring to business owners and entrepreneurs in the Charlotte region. They are available, along with the following resources, to assist businesses during this time. 

SCORE has also developed the following resources specifically for the COVID-19 situation:
  1. How Businesses Can Prepare for Coronavirus
  2. Small businesses disaster preparedness resources

Relief for Rural Residents, Businesses and Communities


Per a press releases, "USDA Rural Development has taken a number of immediate actions to help rural residents, businesses and communities affected by the COVID-19 outbreak."

To view the release and the resources available, click here