COVID-19 SBA and State Loan Disaster Relief
Information about SBA and State Loan Disaster Relief
The following is a link to information about the federal Small Business Administration (SBA) and California State Loan Disaster Relief https://www.svsbdc.org/covid-19. It has a Survival Guide (https://www.svsbdc.org/sites/default/files/Covid-19-survival-guide_sbdc_updated32020.pdf) and
a helpful FAQ that includes information on the following questions:
How can I apply for a SBA Economic Injury Disaster Loan?
How can I keep my employees safe?
How can I keep my food manufacturing business customers safe?
How can I keep my public office, retail, and food service business safe?
When should I send an employee home?
When should I close?
What if I have to lay off employees or close?
Employee Sick Leave
Paid Family Leave
Temporary Disability Insurance
State Income Tax Extension
Federal SBA Loan Assistance is for working capital for businesses to pay fixed debts, payroll, accounts payable and other bills that can't be paid because of the COVID-19 disaster's impact. Businesses with credit available elsewhere are not eligible.
The California State Small Business Loan Guaranty provides disaster relief to businesses that have had a decrease in revenue since the Corona Virus COVID-19 Pandemic began. The State Program has indicated that they will not decline a business because they still have good cash reserves in the bank or 401 K assets.
We work with Blaine Laney of the Northern California Financial Development Corporation (Nor Cal FDC) http://nor-calfdc.org/, which has a partnership with the SBDC, which is connected to both the State of California and Federal SBA loan programs and will help businesses prepare and organize to help get the funds they need to make it through this pandemic and recover and continue to operate.
If you would like information about how to pursue SBA or SBDC assistance, please let us know and we will put you in touch with Blaine. There is no charge for this service. There are obviously no guarantees, but this is a place to start. You may also contact Blaine directly at:
Blaine Laney Loan Consultant
Nor Cal FDC
300 Frank H. Ogawa Plaza
Oakland, Ca 94612