• The online fundraising platform GoFundMe has seen a spike in small businesses seeking to raise funds donated in support of their ventures and staff. Through this platform, individuals can donate to their favorite local small businesses, and those businesses raising funds pay no platform fee to secure these much-needed funds. Check out the GoFundMe website for examples of other businesses raising funds and to start your own campaign.

  • Crowd-lending platform Kiva has expanded eligibility for its 0% interest small business loan program, and also increased the maximum loan size to $15,000 while providing a grace period of up to six months. Check out the Kiva website for more info.

  • Mainvest enables small businesses to raise $20,000 - $1,000,000 in investment capital from its community of neighbors and customers, repaying those investors with a pre-negotiated percentage of the business revenue or as a term loan

 

  • Wefunder enables small businesses to raise $50,000 - $5,000,000 in loans or equity capital from that businesses' community and/or the Wefunder network of investor supporters