New Grants and Loans for Small Businesses 2021

January 12, 2021

1. Grants:

Open Now:

Live Venue (SOS) Grant:

Opens Later in January:

Nav $10,000 Grant:

Lowe’s Rural Relief Small Business Grant Opens Jan. 26 to accept applications from those in towns of less than 50,000 people:

2. Loan Payment Forgiveness:

    1. If you get a new SBA loan before Sept. 20,
      1. your first six (6) months of payments (principal and interest) are forgiven.
      2. Maximum forgiveness is $9,000 per month.
    2. If you currently have a loan, you can get:
      1. Three (3) months of payments forgiven if you are NOT in a hard-hit industry OR
      2. Eight (8) months of payment forgiveness if you are in a hard-hit industry (e.g., food service, accommodations, the arts, entertainment, recreation, education, laundry, and personal services).
  • Maximum forgiveness is $9,000 per month.

3. Loans:

SBA Economic Injury Disaster Loan (EIDL):

Paycheck Protection Program:

Free Matching Service: After taking info from you, they match you to lenders who specialize in your industry.

Nav PPP Matching Service:

Lendio PPP Matching Service:

Or contact a local bank or credit union

Or apply through your bank or credit union

Or try First Home Bank:

Or Cross River Bank:


If you are self-employed, you can obtain a salary replacement from the PPP:

4. Employee Retention Tax Credit

If you paid state or federal payroll taxes in 2020 or will in 2021, check this out:

In 2020, the tax credit was $5,000 per employee. If you need to file payroll taxes for 2020, you can use this credit to pay what you owe. If you owe less than $5,000, then you can get the remainder as a refund.

In 2021, this tax credit increases to $14,000 per employee AND you can get a PPP as well as the tax credit.

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