*************************************************************************

Financial Assistance and other Relevant Information

Economic Injury Disaster Loan information and Clarifications. 

To view a pdf with important information on EIDL Loans and other assistance information from the Small Business Development Center (SBDC), please click here.  

Coronavirus Aid, Relief, and Economic Security (CARES) Act

On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief and Economic Security Act (CARES Act) in response to the public health crisis that has emerged from the spread of COVID-19. To read the text for the CARES Act, please click here. To view the Small Business Owner's Guide to the CARES Act, please click here. The Small Business Owner's Guide provides information about the major programs and initiatives that will soon be available form the Small Business Administration (SBA) to address these needs, as well as some additional tax provisions that are outside the scope of SBA. 

Families First Coronavirus Response Act (FFCRA or Act)

Under this Act, certain employers are required to provide their employees with paid sick leave and expanded family and medical leave for specified reasons related to COVID-19. To view the entitlements, learn if you are eligible and learn about enforcement, please click here. 

California Assistance for Small Businesses and Workers 

• Governor Newsom announced $50 million in loan guarantees as part of the Small Business Disaster Relief Loan Guarantee Program available for small businesses that may not be eligible for federal relief. To get information on this program, please click here. 
• OnwardCA.org is a new resource available for the people of California who have been impacted by job loss during the COVID-19 Pandemic. To visit the site, please click here. 
• Governor Newsom announced the availability of 12 month payment plans for small businesses. To learn more about this opportunity and to learn how to request for an extension to file your return or prepayment, please click here. 
• California IBank has low-interest and state-guaranteed business loans and microloans for small business borrowers who have been impacted by regional disasters and who need term loans or lines of credit for working capital. For more information click here.
• The California Capital Access Program (CalCAP) for Small Business encourages banks and other financial institutions to make loans to small businesses that have difficulty obtaining financing. If you own a small business and need a loan for start-up, expansion or working capital, you may eligible for this program. Loans are available up to $5 million. To learn more, please click here. 
• The California Labor and Workforce Development Agency (LWDA) wants to keep workers, employers, co-workers, and families safe. Knowing what employees are entitled to may be confusing and for that reason, LWDA has guidance that should help you determine what is best for you, your family and your workplace. To learn more, please click here. 
• The Employment Development Department (EDD) provides a variety of resources for employers who anticipate a reduction of work hours or potential closure or layoffs as a result of Coronavirus.  Employers experiencing a hardship as a result of Coronavirus may also request up to a 60-day extension of time from the EDD to file their state payroll reports and/or deposit state payroll taxes without penalty or interest. For questions, employers may call the EDD Taxpayer Assistance Center at (888) 745-3886 or visit their site by clicking here.