The latest updates on cares act funds and federal and state regulatory policy
For up-to-date information and announcements regarding CARES, SBA loans, and policy, please visit ASKSBDC.com.
Need answers fast? Email loans @ asksbdc.com with your question and someone from the Norcal SBDC finance team will reply within 1 — 2 business days.
Ask your question. Each Wednesday at 10:30 AM, join Scott Rogalski and Sunita Maharaj with the NorCal SBDC Finance Center Team as they discuss EIDL and PPP updates and information specific to reopening businesses in Northern California.
We’re here for you. We can help with applying for relief, guiding you through available resources, cash flow concerns, supply chain interruptions, workforce capacity, insurance coverage, and more – at no cost.
Guidance for Restaurants: from California’s Dept. of Public Health
This document provides guidance for dine-in restaurants, brewpubs, craft distilleries, breweries, bars, pubs, and wineries to support a safe, clean environment for workers and customers.
The Small Business Owner’s Guide to the CARES Act
This guide provides information about the major programs and initiatives that are available from the Small Business Administration (SBA) to address these needs, as well as some additional tax provisions that are outside the scope of SBA.
Download the SBDC’s Guide to COVID-19 Loans and forms.
An application guide for EIDL assistance.
- Employment Development Department (EDD) – Reduced Work Hours – Unemployment Insurance Work Sharing Program – alternative to layoffs. Employer Info
- EDD Tax Assistance – request a 60 day extension to file payroll and more. Call the EDD Taxpayer Assistance Center 1-888-745-3886 (toll-free). More from EDD>>>
- CA Infrastructure and Economic Development Bank (IBANK)- Disaster Relief Loan Guarantee Program (DRLGP), Jump Start Loan Program and more.
- Department of Industrial Relations- Cal/OSHA Guidance on Requirements to Protect Workers from Coronavirus. Review the Aerosol Transmissible Diseases (ATD) and required protection.
- Centers for Disease Control (CDC) – Interim guidance for businesses and employers to plan, prepare and respond to coronavirus. Learn More
- Department of Labor – OSHA- Check out this guide – Guidance on Preparing Workplaces for COVID-19. Download Now
- This document provides guidance for dine-in restaurants, brewpubs, craft distilleries, breweries, bars, pubs, and wineries to support a safe, clean environment for workers and customers. Download PDF
SBA is working directly with state Governors to provide targeted, low-interest loans to small businesses and non-profits that have been severely impacted by the Coronavirus (COVID-19).
- The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.
- These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. The interest rate is 3.75% for small businesses without credit available elsewhere; businesses with credit available elsewhere are not eligible. The interest rate for non-profits is 2.75%.
- SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years. Terms are determined on a case-by-case basis, based upon each borrower’s ability to repay.
- SBA’s Economic Injury Disaster Loans are just one piece of the expanded focus of the federal government’s coordinated response, and the SBA is strongly committed to providing the most effective and customer-focused response possible.
- Find more information on the SBA’s Economic Injury Disaster Loans for COVID-19 at: sba.gov/disaster-assistance/coronavirus-covid-19.
- Small Business Administration (SBA) to provide up to $2M in Disaster Assistance Loans to businesses impacted by COVID-19. Learn More
- SBA Guidance for employers to plan and respond to COVID-19.