Hey, I get it. You’re probably freaking the hell out right now about your finances. It’s not good. I mean it is REALLY not good. I am trying to compile as many financial resources for photographers that I can during the coronavirus outbreak.
I will continue to update this list as time goes by, so please let me know of anything you come across.
US Government Assistance and Federal Unemployment
Photographers will most likely be available for stimulus checks AS WELL AS unemployment benefits under the recently passed coronavirus relief package. These benefits will extend to self-employed and gig workers.
This bill creates a new program, called Pandemic Unemployment Assistance, that extends benefits to gig workers, contractors and others who wouldn’t otherwise qualify for unemployment compensation but cannot work due to the coronavirus emergency. You’ll get the $600 per week, plus half the average unemployment benefit in your state.NBC News
Your unemployment payments through this program will be handled through your individual state, so you have to apply for benefits from your state. Click here for more information.
Small Business Association Loans
The US Government is planning an estimated a billion dollars in small business loans (with more potentially on the way) to help boost the economy. Obviously, this will not just be for photographers, but they will certainly be able to apply.
According to a recent article in the Detroit News:
Businesses with credit available elsewhere are not eligible, the agency said this week. The interest rate will be 3.75% for small businesses without credit available and 2.75% for nonprofits for a maximum term of 30 years…
Businesses that could benefit from the loans may begin to collect the information and records that they will need to apply, such as tax returns from recent years and balance sheets.
You can also click here to go straight to the SBA website or contact SBA disaster assistance customer service center: (800) 659-2955 or firstname.lastname@example.org
Economic Injury Disaster Loan (EIDL) Emergency Advance will provide up to $10,000 of economic relief to businesses that are currently experiencing temporary difficulties.
Paycheck Protection Program
You will need to provide 2019 Self-employment net income from 2019 tax return or some other measures to determine the loan. If you spend the loan on certain items you won’t be required to pay it back.
Facebook Small Business Grants and Credits
Facebook is offering 100 million dollars in small business cash grants and advertising credits. The program is just starting up and you have to sign up to get more information. I’d recommend signing up now by clicking here.
You can also check out Facebook’s business resources at this page – click here.
Cultural Sector Resources
The Art Newspaper has a growing list of resources for artists, including photographers. Some of the resources are region specific, but others are not.
Many are first come, first served, so it is best to apply as soon as possible.
The Knot Advertising Credits
The Knot is offering $10 million in financial assistance (advertising credits) to their partners (companies who advertise with them). If you advertise on The Knot, you should have received a link via email to fill out an application to receive assistance.
If you did not receive a link, reach out to email@example.com
Help Update the List
Be sure to follow The Nerdy Photographer on Facebook, Instagram, and Twitter for more updates. If you know of other financial resources for photographers during the coronavirus outbreak (loans, grants, etc.) that may be of use to photographers, leave a comment or send it to us and we’ll add it to the list.