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Visit our COVID-19 Resources List for opportunities in the Commonwealth and nationwide. Sign up for updates about the LISC Rapid Relief and Resiliency Fund for Massachusetts below.
Please see our COVID-19 Resource List for additional resources in Massachusetts and links to information clearinghouses for small businesses.
The LISC Small Business Recovery Grant Program for Massachusetts will provide grants to hard-hit small businesses in Massachusetts to weather the immediate financial impact of closures and social distancing measures required to slow the spread of the coronavirus.
LISC will offer grants of up to $10,000 to address immediate financial peril, limit layoffs, avoid gaps in employee benefits or insurance, mitigate economic instability and increase the likelihood of business survival. Launched with seed funding provided by Citizens, the Small Business Recovery Grant Program is part of the LISC Rapid Relief & Resiliency Fund for Massachusetts.
The link to the application will be available online beginning Monday, April 20 at noon, 12 PM EST and will close on Friday, April 24 at noon, 12 PM EST. Applications are now closed. Sign up to receive updates about the LISC Rapid Relief and Recovery Fund here. Find more resources for small businesses here.
While the application link itself is in English, we have the application questions available as PDF guides in the language above.
LISC will accept applications online from Monday, April 20 to Friday, April 24 and guidance will be available in English, Spanish and several other languages through LISC Boston’s website. To focus the grants where they will have the greatest impact, LISC will be inviting business support organizations, small business accelerators, and community networks across the state to encourage the at-risk small businesses in their communities to apply.
Who is eligible for this program?
This program is for small Massachusetts businesses experiencing emergency cash flow needs as a result of the COVID-19 pandemic. Your business must have been in operation for a minimum of 2 years, and applicants must provide documents required (additional information about specific documents required will be shared soon). LISC employees and businesses owned or managed by LISC employees are not eligible to apply. Funding priority will be given to minority and women-owned businesses and small businesses that are the lifeblood of low-income communities throughout the Commonwealth.
Currently, grants are only available for for-profit businesses. We understand the critical need for funding for nonprofit organizations as well and we are advocating and actively fundraising for those resources to be made available soon.
What is the grant size?
Up to a maximum of $10,000. Applicants will be asked to limit their request to the amount needed to manage immediate cash flow needs until longer term assistance can be accessed, to enable us to extend assistance to the maximum number of businesses.
For the press release, click here.
To sign up for updates, click here.
If you would like to donate to the fund, please contact Karen Kelleher Kkelleher@lisc.org.
Learn more about the Fund and the programs we are advocating and fundraising for Massachusetts and how you can help.