Employee, Musician and Arts Nonprofit Resources
For the latest Alameda County general public wellness Order and authorized available and shut companies, please look at the preparing Resources for Business Re-Opening website
For updates through the continuing State of California, please go to
Request one-on-one Company Assistance
Companies, nonprofits and sole proprietors are expected to make the town’s Company Impact information Survey, to get private support.
Assist us develop an comprehensive data data recovery plan by firmly taking a survey that is brief.
Smaller businesses, nonprofits, single proprietors and separate contractors may feel overwhelmed by the numerous help choices available. Please think over:
SBA’s Paycheck Protection System
SBA is accepting Paycheck Protection Program (PPP) applications through might 31, 2021. While a lot of the funds are exhausted, the SBA will soon be accepting brand new applications from Community banking institutions (CFI). Find a participating CFI through the use of SBA’s Lender Match device or this roster of participating neighborhood loan providers.
President Biden additionally announced extra system modifications to create usage of PPP loans more equitable. SBA will:
The Paycheck Protection Program is that loan made to offer a direct motivation for small enterprises to help keep their staff regarding the payroll. The maximum https://cashlandloans.net/payday-loans-oh/ loan amount is 2.5 times their average monthly 2019 or 2020 payroll costs up to $2 million for most borrowers. For borrowers within the Accommodation and Food Services sector the utmost loan quantity is 3.5 times their normal monthly 2019 or 2020 payroll expenses as much as $2 million.
SBA will forgive loans if all worker retention requirements are met, while the funds are utilized for qualified costs.
The U.S. irs enables companies that got their Paycheck Protection Program loans forgiven to publish down expenses taken care of with that cash, aligning their policy with legislation passed away by Congress in December 2020.
A recently passed away State legislation enables Ca organizations in order to avoid state that is paying on forgiven loans through the federal Paycheck Protection Program also to subtract the expense of costs that people loans taken care of.
Require Assistance navigating an SBA loan system?
SBA’s Economic Injury Disaster Loan
March 26, 2021 upgrade: beginning the week of April 6, the SBA is increasing the optimum amount small enterprises and non-profit businesses can borrow up to 24-months of financial injury with a maximum quantity of $500,000.
June 15, 2020 Update: The SBA has reopened the Economic Injury catastrophe Loan (EIDL) system portal to any or all applicants that are eligible financial effects as a result of . Given that the EIDL application portal is accepting applications that are new extra small enterprises and non-profits should be able to get long-lasting, low-interest loans – reducing the financial effects of on the organizations, workers plus the communities they help.
The SBA has encouraged the town that organizations whom sent applications for A financial damage tragedy Loan (EIDL) ahead of March 30, 2020, should re-apply now using the portal that is online.
Prepping to try to get Emergency SBA Economic Injury Loans – Source: Northern California small company developing Centers
That is generally speaking qualified: