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Resources for Boston Small Businesses

In addition to federal assistance through the CARES Act, the City of Boston and the Commonwealth have loans and grants available to employers.

The City of Boston began accepting applications for small business relief grants on Monday, April 6, 2020. There will be a limited number of grants and applications are reviewed on a rolling basis. The criteria for the loans are:

  • “Fewer than thirty-five (35) employees;
  • Less than $1,500,000 in annual revenue, and
  • Registered with, in good standing with, and operating in the City of Boston (excluding chain or corporate franchises).”

The loan grant amount is broken down by employer size (assessed by number of employees and revenue) and ranges from $2,500 to $10,000 in relief grants.

In addition to the Small Business Relief Fund, there are a number of other resources available to employers throughout the city and are outlined in the city’s Financial Relief: A Handbook for Small Business Owners:

  • City of Boston Resiliency Fund
  • Restaurant Strong Fund
  • Boston Artist Relief Fund
  • Boston Foundation COVID-19 Response Fund
  • Boston Local Development Corporation
  • Boston Music Maker Relief Fund
  • Boston Main Streets Foundation COVID-19 Fund
  • Dorchester Bay Economic Development Corporation Loan Funds
  • Eastern Bank Impact Loan Funds

Additional resources available to Massachusetts employers include:

The situation is evolving minute-by-minute, and so are your challenges. Visit OneDigital's Coronavirus Advisory Hub for the latest information, resources and stimulus guidance for employers.

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