Federal and state government agencies are providing relief for small businesses impacted by COVID-19. Here is the latest:
The U.S. Small Businesses Administration is offering loans of up to $2 million in assistance to cover a temporary loss of revenue. To apply visit the U.S. Small Business Administration website here.
- The Paycheck Protection Program will provide and forgive loans for small businesses if all employees are kept on payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities. For more information visit here.
Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email firstname.lastname@example.org for more information on SBA disaster assistance.
- The state is allocating $50 million to small businesses and individuals who do not qualify for federal funds.
- Small businesses can delay paying up to $50,000 in sales taxes for 12 months. For more information visit here.
- Businesses may also be eligible for loans through California State entities. Visit the California Infrastructure and Economic Development Bank website to learn more.
The Governor's Office of Business and Economic Development's has links to other valuable resources on their COIVD-19 landing page.