COVID-19 SMALL BUSINESS FUNDING RESOURCES
A wide array of services and funding are available to small businesses in this time of need.
Visit SBA.GOV for ongoing updates
Small Business Loans during the Covid-19 Crisis.
May 2020 Update - Emergency funding WAS available to small businesses of less than 500 employees. Loans available for up to $2MM with favorable terms. Click here for more information from Forbes.com. SBA application is below.As of May 2020 - EDIL Disaster Loans have been discontinued for all businesses except Agricultural.
Assistance to Keep Your Company Payroll for 8 weeks.
The CARE Act provides Paycheck Protection Loans for up to $10MM with favorable terms, including loan payment deferment for six months to a year. Loan may be forgiven if company maintains it's payroll for 8 weeks. Contact your usual business bank for details. This is not administered by the SBA.
"How to Obtain an SBA Coronavirus PPP Loan and Have It Forgiven"
$10,000 to Keep Your Business Running
Funded by the SBA. In the event you are denied a Loan by the SBA, after reviewing your Disaster Loan application, small business can be offered a $10,000 grant to keep your business running. This is not a loan, so does not need to be repaid.
(Note: On the last page of the application, you will see option for selecting $10,000 grant - click to accept.)
SBA DISASTER LOANS
EMERGENCY GRANT $10,000
MARKETING IN A DOWNTURN
Some Additional information on marketing in a economic downturn.
Click here for additional information on resources available in California.
Click here to learn more about volunteering in California to help those in need.
Some Additional information on how to manage stress.