Support During COVID-19
BX3 COVID-19 Guide for Startups
COVID-19 will claim many victims in its march across the globe. The loss of human life is hard to comprehend. In that context, it’s perhaps awkward to discuss the impact on businesses. But the stark reality is that the economic impacts stand to upend thousands, if not millions, of peoples’ ways of life.
Growth-stage companies stand to be hard hit; particularly so if they lack the cash runway to weather the storm. At BX3, helping new businesses is the very core of what we do. The pandemic makes our mission all the more important and relevant. We have an unparalleled flexibility on fees – as we always have – which removes many companies’ hesitancy to reach out. If you are drowning, we will be your lifeline.
We are not talking about a survival plan, but a plan to survive through and thrive on the other side.
Have questions? Schedule a call with BX3 here to walk you through next steps.
Resources
How can we help?
BX3 built its business on working with start-ups. That’s what we do. And during these times, we are here to help.
We understand that times are tough; we will be helpful to founders; we will work with you to ensure you businesses remain viable; we will be flexible with our pricing; we will be there for the long-term.
AREAS OF EXPERTISE:
- Managing Cash Flow & Reducing Burn
- Social Media Messaging
- Navigating SBA Loan Process & Other Emergency Funding Sources
- Business Planning & Strategy
- Tax Planning and Compliance
- Legal Issues presented by COVID-19
Helpful Links
We continue to collect and collate links to helpful resources and will keep this list updated regularly:
- National Venture Capital Association — Information and resources for startups and VCs
- Inc. — Resource list for businesses
- Small Business Association — Paycheck Protection Program
- Nav.com — Disaster loans vs. Paycheck Protection Program
- Alice — COVID-19 Business Resource Center
- LendEDU — Managing Your Finances During Coronavirus
- Microsoft — #StartupStrong Support Resources for Founders
- Red Backpack Fund — grants of up to $5,000 for women founders, awarded monthly, backed by Sara Blakely, founder of Spanx
- Verizon-LISC Small Business Recovery Fund: grants of up to $10,000
- SheaMoisture $1M Community Commerce Fund: Grants for small businesses owned by minorities, including women of color
- Facebook $100M Small Business Grants Program: The social media platform is offering cash grants and ad credits to small businesses.
- GrantStation has a large database of COVID-19 grants available to small businesses, nonprofits, artists, and journalists.
- QuickQuote: Coronavirus Pandemic Response by State