Our Goal

The U.S. Small covid-19 Funds helps small businesses and individuals get funding by setting guidelines for loans and reducing risk. These Funds make it easier for small businesses and individuals to get the funding they need.

COVID-19 Funds was multifaceted, targeting various aspects of economic and public health challenges brought about by the pandemic. Here are a few objectives.

• Economic Stabilization: To provide immediate financial relief to individuals, businesses, and sectors severely impacted by the economic downturn caused by the pandemic. This included direct payments to citizens and support for businesses to maintain operations.
• Support for Small Businesses: To offer specific assistance to small businesses that often have limited financial reserves, ensuring their survival during periods of reduced revenue and economic activity.
• Public Health Enhancement: To fund public health initiatives, including the purchase of personal protective equipment (PPE), medical supplies, COVID-19 testing, contact tracing, and vaccination programs, aiming to control the spread of the virus and protect public health.
• Housing Stability: To provide rental assistance and support for mortgage payments to prevent evictions and foreclosures, helping individuals and families maintain stable housing during the crisis.
• Innovation and Adaptation: To encourage businesses to innovate and adapt to new market conditions by investing in technology, retooling production lines, and developing new business models to remain viable during and after the pandemic.
• Sector-Specific Assistance: To provide tailored support to particularly hard-hit industries such as travel, hospitality, and entertainment, helping them navigate unique challenges and recover more effectively.

In general, eligibility is based on what a business does to receive its income, the character of its ownership, and where the business operates. These eligibility requirements were designed to ensure that the Funds were directed to those most in need and to prevent fraud and misuse of funds.