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10 Grants/Loans For Creatives During Covid-19
Has your business been affected by the Coronavirus? Are you seeing a shortage in cash flow? As a content creator, many of us are feeling the pinch as clients slow down as we all embrace this new way of living. As a creator, you are a business that makes you eligible for these grants and loans.
Don’t be shy when it comes to raising your hand and stating that you need CASH. Money is just energy and as the pulse of the world has shifted, creators are more important than ever as art is the balm needed to help the world through this pandemic.
Here are some resources to assist you in staying in the financial flow while we all self-quarantine.
Sara Blakely Red Backpack Fund
Sara Blakely founder of Spanx has dedicated 5 million dollars to assist female-owned businesses that have been affected by the Coronavirus. She stated that she started her business with $5000.00 so she is offering $5000 to 1000 women who have been impacted by the virus.
This is what she says on her site.
“In addition to the financial gift, each woman will also receive a “lucky” red backpack. Sara started Spanx with her “lucky” red backpack from college. It was with her every step of the way. The lucky red backpack is a symbol of starting small while dreaming big. It’s become the official icon of The Spanx by Sara Blakely Foundation. It’s a wonderful reminder that everything you need to succeed is already on your back.” Click Here to Apply
Sophia Amoruso founder of Girl Boss has dedicated millions to assist female-owned businesses. The Girlboss Foundation is a semi-annual grant awarded to female entrepreneurs pursuing creative endeavors. Each grant beneficiary will receive $15,000 in project funding, plus exposure through the Girlboss platform and community. This one has already closed for this round but you can still apply for the next round. Click Here To Apply
Facebook Small Business Grant. Facebook has earmarked $100 Million to help small businesses get through the coronavirus pandemic. To qualify you must have 2 employees. Before you start jamming up my feed, yes you and your assistant count. This one is offered worldwide so don’t delay apply today cause once those funds are gone…they are gone.
Federal Government Paycheck Protection Program
The Paycheck Protection Program, a federal relief program intended to provide small businesses with forgivable loans to keep workers employed during the COVID-19 crisis. Both the Senate and House voted and approved $349 billion dollars in funding. With this loan, you have to work with a lender (bank) so Click Here To Find A Bank.
Small Business Administration
UPDATE- May 6, 2020 Funds are exhausted for all business types except Agriculture.
The Emergency Injury Disaster Loan provides between $1,000-$10,000 to small businesses who have been affected.
Tip: Don’t forget to click the button on the last page where it asks if you are interested in a grant. The site states that funds could be deposited into your account in as little as a week. Click Here To Apply
FOR MY ACTORS, MUSICIANS, AND SINGERS
Apple Music is offering advances! Bam! You’re Welcome!
Apple Music has created a $50 million advance fund to help independent labels and distributors weather the downturn due to coronavirus.
The funds will be available through a one-time advanced payment on future royalties for labels and distributors that earn over $10,000 in quarterly revenue from Apple Music. Labels and distributors must have a direct distribution deal with Apple Music and thus cannot be distributed by major labels.
The Recording Academy® and its affiliated charitable foundation MusiCares® have established the COVID-19 Relief Fund to help our peers in the music community affected by the Coronavirus pandemic.
The Actors Fund has partnered with other entertainment industry organizations to provide emergency financial assistance to those in immediate financial need. Funds are available to union and non-union workers in the entertainment and the performing arts.
Tip: You may be eligible for more than one fund.
MPTF provides temporary financial assistance for needs created or complicated by the COVID-19 pandemic. They help with issues including health insurance, mental health assistance, rent, food, and other essentials. Their eligibility requirements have been broadened to be of assistance to the most people possible. Call 323-634-3888 for assistance
Tip: When calling be sure to also inquire about the IATSE, DGA, NetFlix and Viacom/CBS Relief Funds. MPTF is handling administration for several funds.
Modest, one-time grants up to $200 will be available to professional performers, educators and composers who meet their qualifications
Sweet Relief Musicians Fund
Sweet Relief Musicians Fund provides financial assistance to all types of career musicians and music industry workers who are struggling to make ends meet during the Coronavirus Pandemic. Click Here To Apply
To help relieve the financial burden caused by the public health response to the new coronavirus and the tornado in Nashville, Sound Royalties is offering a zero-cost advance option for any new royalty advance application submitted until May 16, 2020. Click Here To Apply
Many Banks are also offering programs specifically for their customers. Be sure to check with your financial institution to see what they can do for you as well. If you want to grow your bags and increase your bank account on your own terms, check out my book Make Money Now to start growing multiple streams of income today.