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SBA To Provide Small Businesses Impacted by Coronavirus (COVID-19) Up to $2 Million in Disaster Assistance Loans
The U.S. Small Business Administration is offering low-interest federal disaster loans for working capital to California small businesses suffering substantial economic injury as a result of the Coronavirus. Applications can be modified and adjusted after submittal.
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The unprecedented economic impacts of the Coronavirus on the business community in California are already being felt.
CAMEO, in coordination with the U.S. Small Business Administration’s Office of Disaster Assistance, will be holding a call on Wednesday, March 18th at 4:00PM to explain the SBA disaster loan application process and answer questions from small business support organizations.
We’ll cover:
- What the program is
- How it works and how to apply
- Common missteps or misunderstandings that impact business owner applicants
(Call-in information: Dial US: +1 669 900 6833 Webinar ID: 956 176 760)
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SBA Guidance for Businesses and Employers
The Centers for Disease Control and Prevention (CDC) offers the most up-to-date information on COVID-19. This interim guidance is based on what is currently known about the coronavirus disease 2019 (COVID-19). For updates from CDC, please see the following:
As a public service, the SBA may provide links to other organizations that provide information of benefit to small businesses. The links below are external links. They do not constitute an endorsement by the SBA of the opinions, products or services presented on the external sites, or of any sites linked to it.
The Governor’s Office of Business and Economic Development is compiling updates, programs, and guidance for employers across state agencies
The Governor’s Office of Business and Economic Development has compiled helpful information for employers, employees and all Californians as it relates to the COVID-19 outbreak.
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San Francisco Announces Local Measures to Support Small Businesses in Response to COVID-19
These efforts include deferring business taxes and licensing fees, launching a relief fund for impacted businesses, supporting nonprofits funded by the City so workers don’t lose their incomes, and working with partners in the philanthropic and private sector, as well as advocating for state and federal support for workers and businesses. The City will also be launching a website that will serve as a one-stop shop for all resources, contacts, and updates for small businesses: www.oewd.org/covid19
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Benefits for Workers Impacted by COVID-19
The California Labor and Workforce Development Agency is keeping a central summary chart of resources available to employees from different state and federal programs. Employers should share this resource with their employees.
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