With PPP Over, What Other Relief and Lending Programs Are Available for Franchises?

By: Garrison Chura

With the Paycheck Protection Program (PPP) running its course at the end of May, it is important to be aware of grants and programs that may help small franchise business owners  during our continued recovery from the pandemic. A helpful starting point is the U.S. Chamber of Commerce’s list of supported small business grants and programs. The thirty-three listings cover general, identity-dependent, and industry-specific opportunities that are important to review your applicability for. If you would like to review all government grant opportunities, click here.

Certain programs, such as the 8(a) Business Development Program and the Community Navigator Pilot Program, target disadvantaged groups, while others have more narrow parameters. There are four specifically for women-owned businesses, two for owners who identify as a minority woman.

Furthermore, there are two grants that address the needs for underutilized and hardest hit regions in the country. Service-disabled veteran-owned businesses also have a listing for themselves to take advantage of: the Service-Disabled Veteran-Owned Small Business Program.

Looking on to a non-pandemic world, three grants also focus on healthcare and technological research, while one is specifically for the assistance of small business opportunities in foreign markets.

IFA also encourages our members to see further opportunities with the COVID-19 Economic Injury Disaster Loan (EIDL). The EIDL has offered our members critical funding to sustain current operations.

Assistance for more niche sectors is represented as well. Business owners within the industries of natural resources and surplus property, art, and theaters and museums will find opportunities for aid. The remaining listings are below:

All Disadvantaged Groups

 

Description

Amount

Due

Apply

8(a) Business Development Program

Certified 8(a)

 

Underutilized areas

 

Description

Amount

Due

Apply

USDA Rural Business Enterprise Grant Program

Rural business, less than 50 workers, and less than $1 million in gross revenue

 

Apply

HUBZone Program

Underutilized geographical area

 

Minority Owned

 

Description

Amount

Due

Apply

U.S. Department of Commerce Minority Business Development Agency (MBDA)

Minority owned

 

Minority Women Owned

 

Description

Amount

Due

Apply

The Galaxy Grant

Minority women owned

$2,750 and referral program

Winner announced June 30th

Apply

Black Founder Startup Grant

Black and multiracial women and nonbinary entrepeneurs

Up to $10,000

 

Women Owned

 

Description

Amount

Due

Apply

Women-Owned Small Business (WOSB) Federal Contracting Program

Women owned

 

Apply

Amber Grant Foundation

Women Owned

$10,000  each month and an additional $25,000 grant each December

 

Apply

IFundWomen COVID-19 Relief Fund

Women owned

 

Apply

Stacy's Rise Project

Women owned

$10,000 and mentorship program

 

Veteran Owned

 

Description

Amount

Due

Apply

Service-Disabled Veteran-Owned Small Business Program

Must be over 50% owned or controlled by one or more service-disabled veterans

 

Research Topics

 

Description

Amount

Due

Apply

National Institute of Health

For the continued scientific research of COVID-19 related topics and biomedical technology.

 

Apply

Small Business Innovation Research Program (SBIR)

Participation in federal research with high potential of commercialization

 

Apply

Small Business Technology Transfer Program (STTR)

R&D innovation with the benefit of collaborating with research institutions

 

Entertainment and Artistry

 

Description

Amount

Due

Apply

Shuttered Venue Operators Grant

Theaters and museums

45% of 2019 gross revenue or $10 million, whichever is less

 

Apply

Artwork Archive's Art Business Accelerator Grant

$2500 and business training

 

Apply

The Halstead Grant

New silver jewelry designers

$7,500 in start-up capital and $1,000 in merchandise

August 1st, 2021

Foreign Trade Topics

 

Description

Amount

Due

Apply

U.S. Small Business Administration State Trade Expansion Program (STEP)

Funding to state and local government to support small businesses in globalizing activities

 

All Apply

 

Description

Amount

Due

Apply

U.S. Economic Development Administration (EDA)

 

Apply

GoFundMe Small Business Relief Fund

Will match $500 grants from business' GoFundMe

 

Apply

KKR Small Business Builders

Up to $10,000, mentoring training, and network accessibility

 

Apply

National Association for the Self-Employed (NASE) Growth Grants

Up to $4,000 to assist with training, marketing and more

 

Apply

SBA Restaurant Revitalization Fund

Restaurants and other food establishments

Up to $10 million

 

Apply

Save Small Business Initiative

Provide guidance on financial assistance programs and resources

 

Apply

Dream Big Awards

$25,000

July 16th, 2021

Resources Topics

 

Description

Amount

Due

Apply

Natural Resource Sales Assistance Program

Timber and related forest products, strategic materials, royalty oil, leases involving to minerals, coil, oil, and gas, and surplus real and personal property

Natural resource and surplus property subsidies and training