Financial Resources

List of US Small Business Grants Available to Women

General Small Business Relief Document, sorted by US State

Ramsey County Small Business Relief Program
6/23/20 Update

Ramsey County is providing emergency assistance to small local businesses adversely impacted by the COVID-19 pandemic. The Small Business Relief Fund will provide grants of $7500 to small businesses most in need of support.

Funds will help businesses pay for critical expenses such as rent or mortgage payments, utilities, payments to suppliers, and costs associated with reopening. Providing this support will increase the capacity of small businesses with a physical location in Ramsey County to survive the current crisis and will help prevent potential future blight scenarios.

This round of applications is over. Stay tuned for an announcement of the next wave of grants. 

Hennepin County Small Business Relief Program

Self-employed entrepreneurs can apply for grants of up to $3,000 starting tomorrow, Tuesday, May 19 at noon

This funding is part of the Hennepin County Small Business Relief Program, which is designed to help small local businesses meet immediate financial needs by providing emergency grants for eligible expenses of business interruption due to COVID-19.

The application period is May 19-26 for self-employed entrepreneurs to apply for grants of up to $3,000. Up to $1 million in total is available. If applications exceed available resources, funds will be awarded using a randomized lottery system as well as eligibility criteria.

A separate application period for small businesses with employees to apply for grants of up to $10,000 from this program closed on May 8 and 2,290 applications were received. Fund recipients will be notified by email on or before May 15.

Learn More

Minnesota Gap Funding

With $2.2 million in city funds, the Minneapolis Gap Funds for Small Businesses include a new Small Business Debt-free Fund for companies with 20 employees or less and people who are self-employed along with a revamped 2% loan program, adjusted to 0%. The new Forgivable No-Interest Loans for Small Business will come in fixed amounts of $5,000 or $10,000, depending on need resulting from the COVID-19 emergency. Check the site for eligibility requirements. Application information has not yet been released.


The US Small Business Administration has several programs designed to provide funding to small businesses affected by COVID-19. Click here for the latest information on their loan programs. 

Paycheck Protection Program

The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses. If you maintain your workforce, SBA will forgive the portion of the loan proceeds that are used to cover the first 8 weeks of payroll and certain other expenses following loan origination.

SBA has FAQs for the program and provided specifics on calculating maximum loan amounts by business type. Additionally, you can now apply for PPP Loan Forgiveness.

PPP Loan Forgiveness Application | Effective May 15, 2020

Under this program:

  • Eligible recipients may qualify for a loan up to $10 million determined by 8 weeks of prior average payroll plus an additional 25% of that amount.
  • Loan payments will be deferred for six months.

View a list of approved lenders
NOTE: WomenVenture does not administer PPP loans.

APPLY: PPP Loan Forgiveness Application | Effective May 15, 2020

PPP: A How-To Guide on Applying | How to Prepare your PPP Application | PPP Loan Forgiveness Calculator

EIDL Loans

On June 15, SBA will begin accepting new Economic Injury Disaster Loan (EIDL) and EIDL Advance applications from qualified small businesses and U.S. agricultural businesses.

Small business owners and qualified agricultural businesses in all U.S. states and territories are currently eligible to apply for a low-interest loan due to Coronavirus (COVID-19).


Learn More | Apply 

Keeping you informed

To get the most up-to-date information as things develop, visit and subscribe to their e-newsletter via Also, you can find them on Twitter at @sba_Minnesota for frequent updates as well.

*The SBA recommends you complete your application online.

Avoid Scams

SBA loan scam targets MN business owners
Real-looking emails about emergency loan applications claim to be from the Small Business Administration. They’re really a COVID-19 ‘phishing’ scam.

If you have received an email with in the email address, text, etc, please forward the email or send a screenshot to to send to the SBA. This is a scam and you should not click on any links within, or otherwise interact. 

DEED Disaster Loans

The Minnesota Department of Employment and Economic Development (DEED) will offer $10,000 grants to Minnesotan-owned and operated businesses that can demonstrate financial hardship as a result of the COVID-19 outbreak. A total of $60.3 million is available for grant awards which will be selected through a computer-generated, randomized selection process.

Awards will be disbursed and administered by qualified local and regionally based nonprofit organizations. Grant funds received by individual businesses shall be used for working capital to support payroll expenses, rent, mortgage payments, utility bills, and other similar expenses that occur or have occurred since March 1, 2020, in the regular course of business. These are grants and no repayment will be required.

If your business plans to apply, please click here for the online grant application link. Applications will be accepted BY LAW FOR A 10-DAY PERIOD BEGINNING Tuesday, June 23 through Thursday, July 2.

Learn More

IRS Information

MN has not followed the IRS yet: There is a discrepancy between IRS and MN on payment dates for 1st Quarter estimates. Stay tuned for updates.