NEW FUNDING NEWS (OCTOBER, 2021)
October 15, 2021 - The City of Springfield has released a funding opportunity for Small Businesses, New Businesses, and Non-Profits under the American Rescue Plan Act (ARPA) program. Please visit this page to download the appropriate Request for Proposal guidelines.
COVID-19 Business Resources:
Small Business Administration’s (SBA) Economic Injury Disaster Loan program Under the typical loan for this program repayment is deferred for twelve months. Interest accrues during this period. Further, SBA offers loans with long-term repayments to keep payments affordable, up to a maximum of 30 years. Loans of up to $25,000 require only a personal guarantee. View the webinar on the program here. The SBA has also rolled out the "Paycheck Protection" program to assist businesses on payroll expenses. The Springfield office of the SBA can be reached at 413-785-0484 with futher questions on status.
MassHire Springfield Career Center can assist both unemployed residents as well as businesses seeking assistance in finding new employees.
Springfield Regional Chamber of Commerce is providing regular updates, including to any programs administered by the United States Chamber of Commerce.
Community Foundation is providing resources for non-profits that have been impacted, including a fund that has been seeded through a $1 million contribution from MassMutual.
The National Restaurant Association offers technical assistance and programs specific to the restaurant industry.