COVID-19 Emergency Business Funds

Merchant Cash Advance 360 is here and ready to assist small businesses with unprecedented economic disruption due to the Coronavirus (COVID-19) outbreak. President Donald Trump announced and signed the CARES Act, which holds $376 billion in assistance for American small businesses.

We and you are working together to maintain the safety, security, and health of the American people. Small businesses are encouraged to do their part to keep their employees, customers, and themselves healthy.

Merchant Cash Advance 360 has been fully operational since the beginning of the Coronavirus (COVID-19) pandemic and are maximizing telework to best serve our small business customers.

List of Coronavirus (COVID-19) Small Business Relief Programs

We are here to help your small business survive, recover, and thrive. We help small businesses with accessing federal support and navigating their own readiness plans.

• • Business Loan to Meet Exports

  • Export business loans are to assist small businesses to achieve sales through exports and can help these businesses respond to possibilities and hurdles associated with trade, such as COVID-19. The loans are available to U.S. small businesses that export directly overseas, or those that export indirectly by selling to a customer that then exports their products.
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• • SBA Disaster Loan (COVID-19)

  • The SBA disaster loan program specifically serves people affected by natural disasters in the U.S. For COVID-19 relief, all small businesses, including sole proprietors and independent contractors, can apply. The U.S. Small Business Administration (SBA) has made disaster loans available for businesses in affected areas.
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• • Merchant Cash Advance Loan (COVID-19)

  • A merchant cash advance loan is the most convenient option for business owners in emergency situations on normal days. You can get fast cash deposited into your business account as quickly as in 24 hours after submitting documents with post-dated signed checks (invoices, receivables) as collateral. As a result, rates on an MCA can be a little higher than other financing options.
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• • Microloans (Coronavirus Relief)

  • Microloans are short-term loans with a low-interest rate, extended to self-employed individuals, new startups with very low capital requirements, or small businesses with only a few employees. They are business loans of up to $50,000 that can be used to start or grow a business. Nonprofit organizations are the most common microlenders.
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• • State and local help

  • COVID-19 relief for businesses alters across different states, cities, and counties. For example, Washington State is offering no-interest loans for businesses that are enduring economic hardship due to the coronavirus pandemic. Meanwhile, New York City has launched the City’s Employee Retention Grant Program to help retain employees as businesses face decreased revenue.Check with your State’s Chamber of Commerce to find out what financial assistance and loan options exist in your area for your small business.

How to apply for an emergency business funds program?

If you’re worried about your small business during the COVID-19 crisis, a financial advisor can help. Finding the right financial advisor who fits your needs doesn’t have to be hard as you strategize to protect your small business. Our free online application matches you with financial advisors in your area in five minutes.