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.
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.
Rural Relief Small Business Grants
LISC is inviting small business owners in rural locations across the country to apply for the LISC-Lowe's Rural Relief Small Business Grants program. Only small businesses located in rural communities are eligible at this time. Rural communities are defined as having a population of 50,000 or less. A community is defined as the city/town/village where your business address is located. The upcoming round of funding is from January 26 to February 2, 2021. For more information, and to see if you qualify, visit the LISC website.
Shuttered Venue Operator grants
COMING SOON. The Shuttered Venue Operators Grant program included in the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act was signed into law by President Trump on Dec. 27, 2020. Eligible organizations with a reduction in revenue due to the COVID-19 pandemic will have the opportunity to receive up to a $10 million grant under the program. In total, the Economic Aid Act allocates $15 billion for the Shuttered Venue Operators Grants.
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