Southern California COVID-19
Small Business Resources
We've compiled a list of resources that might be useful to your small business during these difficult times. There are many different programs being offered at different levels of government and within local communities, these are some we are aware of. Be sure to check with your city and county for more complete information about programs in your area.
FEDERAL AND STATE LOAN PROGRAMS
Paycheck Protection Program
The Paycheck Protection Program is currently available through the U.S. Small Business Administration (SBA). This program can assist small businesses and sole proprietors with keeping their employees working during the COVID-19 pandemic. For more information and instructions on how to apply, visit the Paycheck Protection Program website. Most lenders are out of money for PPP lending, but here are a couple lenders that may still be able to help: Lendio and Lendistry.
COVID-19 Economic Injury Disaster Loans (EIDL)
This loan provides economic relief to small businesses and nonprofit organizations that are currently experiencing a temporary loss of revenue. Specifically it helps with working capital and normal operating expenses (i.e. continuation of health care benefits, rent, utilities, and fixed debt payments). For more information and instructions on how to apply, visit the EIDL Program website.
SBA Express Bridge Loans
This program enables small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly. For more information, visit the SBA Express Bridge loan website.
SBA Debt Relief
The SBA is providing a financial reprieve to small businesses with existing SBA loans during the COVID-19 pandemic. If you have a current loan with us, and you have questions about your loan, please reach out to David Poole (909) 792-3803. For more general information, visit the SBA Debt Relief website.
IBank Disaster Relief Loan Guarantees
One of the The California Infrastructure and Economic Development Bank (IBank) Small Business Finance Center’s loan guarantee programs is designed for Disaster Relief and is currently available to small businesses needing assistance to overcome economic injury caused by COVID-19. Visit the Ibank website for more information.
Credit Union of Southern California Emergency Loan
The Credit Union of Southern California is providing their members with products and services they need to maintain financial stability. If you are a member and have been affected by COVID-19 and need assistance, they may have an Emergency Loan to help. Visit their website for more information on how to apply.
Restaurant Revitalization Fund
The American Rescue Plan Act established the Restaurant Revitalization Fund (RRF) to provide funding to help restaurants and other eligible businesses keep their doors open. This program will provide restaurants with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location. The minimum award is $1,000. Recipients are not required to repay the funding as long as funds are used for eligible uses no later than March 11, 2023. You can apply through SBA-recognized Point of Sale Restaurant Partners or directly via SBA in a forthcoming online application portal. For more information on this program, visit the SBA website.
Shuttered Venue Operator grants
The Shuttered Venue Operators Grant (SVOG) program was established by the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, and amended by the American Rescue Plan Act. The program includes over $16 billion in grants to shuttered venues, to be administered by SBA’s Office of Disaster Assistance. Eligible applicants may qualify for grants equal to 45% of their gross earned revenue, with the maximum amount available for a single grant award of $10 million. $2 billion is reserved for eligible applications with up to 50 full-time employees. Applications will start being accepted on April 8th. You can learn more and find a link to the SVOG Portal on the SBA website.
Los Angeles County Employer Assistant Grant Fund
In effort to provide economic relief for businesses impacted by COVID-19, the Los Angeles County Department of Workforce Development, Aging, and Community Services (WDACS) has expanded the Employer Assistance Grant Fund (EAGF) with federal Coronavirus Aid, Relief, and Economic Security (CARES) Act funding. Awards up to $5,000 to each business. The Pandemic Compliant Funds will help businesses offset costs related to compliance with local health orders and recommended safety measures. Businesses employing between 1-100 employees can use the funding to remain COVID-19 compliant, such as by offsetting the cost of personal protective equipment (PPE). For more information on the program visit Los Angeles County's Workforce website.
Business Utility Assistance Program
The City of Ontario established the Community Development Block Grant CARES Act (“CDBG-CV”) Business Utility Assistance Program for eligible businesses with documented coronavirus (“COVID-19”) related financial hardships that have deferred utility payments for utility bills dated after March 14, 2020, the commencement date of the City of Ontario’s local state of emergency. This program was developed in response to the COVID-19 pandemic. Applications open on Monday, April 5, 2021 and are on a first come first serve basis. For more information on this program visit the city's website.
GENERAL COVID RESOURCES
The California SBDC's COVID-19 Small Business Survival Guide
The California Small Business Development Center (SBDC) has developed a Small Business Survival Resources Guide related to COVID-19 to help navigate through the chaos COVID-19 is having on our communities. Please reach out to your local SBDC center if you have questions regarding how your business can maximize the available help.
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.
ABA's List of Financial Institution's Response to COVID
The American Banker's Association has created a partial list of publicly announced steps banks of all sizes have taken in response to COVID. The ABA will continue to update this list as they receive additional information. You can find this list on their website.
Hello Alice COVID-19 Business Resource Center
This collective movement, powered by Hello Alice in partnership with Verizon, brings together small business owners, enterprise partners, entrepreneur organizations, policymakers, and individual consumers who are committed to lifting up small business. They have created a Resource Center for small businesses with opportunities and tools tailored to your business. To see if they have information that can help your small business, visit the Business Resource Center website.
Centers for Disease Control (CDC)
Interim guidance for businesses and employers to plan, prepare and respond to coronavirus. Learn More
Department of Labor
OSHA Guidance on Preparing Workplaces for COVID-19. Download Now