The City of Alhambra is exploring resources to alleviate the pressure that businesses are facing as employers as a result of COVID-19.
The deadline for applications to Round 1 of the California Small Business COVID-19 Relief Grant Program has been extended to January 13th. Learn more on the CA Relief Grant website.
The resource guide found on the LA County Economic Development Corporation website includes updates on Small Business Administration loans and employer resources.
Response guide is a resource found on the SBDC website for small businesses to stay informed, plan, and respond to the impact of coronavirus.
The Los Angeles County Board of Supervisors has created the Small Business Recovery Loan Program, administered by the Los Angeles County Development Authority (LACDA). The loans will be made available through the County's existing Economic Development Administration (EDA) Loan fund as the primary source of funding. Any for-profit business with 25 or fewer employees located within the unincorporated Los Angeles County or city participating in the County's Community Development Block Grant Program is eligible. Loan proceeds may be used for working capital, including payroll or rent. To obtain an application, visit the LACDA website. Additional resources for small businesses can be found at the LA County Consumer and Business Affairs website. For more information on the Small Business Recovery Loan Program, please contact Carolina Romo, Supervisor at LACDA, at 626-296-6298 or by email Biz Recovery.
The Fund was designed to provide a much-needed wave of financial relief and recovery for small businesses who have been struggling during the pandemic, and LISC LA is excited to be able to offer this new grant to businesses who are now undergoing the reopening process of their storefronts as COVID-19 restrictions continue to lift. Eligible businesses can apply online for the $10,000 Keep Our Shops on the Block Grant from Monday, April 26th at 12 am. PST through Sunday, May 2nd at 11:59 pm. PST.
LA County has just launched a centralized call center and website providing free, one-on-one counseling and support for business owners and workers who have been adversely affected by the ongoing COVID-19 public health crisis.
The Business and Worker Disaster Help Center, jointly operated by the Departments of Consumer and Business Affairs (DCBA) and Workforce Development, Aging and Community Services (WDACS) is open Monday to Friday, 8 am to 4:30 pm, and can be reached by:
Whether you are a business owner struggling to keep your doors open or a worker who's uncertain about their next paycheck, they can help.
The SBA is offering disaster assistance loans for up to $2 million for small businesses affected by the coronavirus. These low-interest loans are available to businesses that have sustained "substantial economic injury" due to the spread of the coronavirus. For more information, please visit the Small Business Guidance and Loan Resources website.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the "Paycheck Protection Program," the initiative provides 100% federally guaranteed loans to small businesses that maintain their payroll during this emergency. Importantly, these loans may be forgiven if borrowers maintain their payrolls during the crisis or restore their payrolls afterward.
View more information from the U.S. Chamber of Commerce website to help your small business through the process.
The SBFC helps businesses create and retain jobs, and encourages investment in low- to moderate-income communities. The SBFC has a Jump Start Loan Program, a Small Business Loan Guarantee Program, and a Farm Loan Program. View the Loan Guarantee Program online.
The Governor's Office of Business and Economic Development (GO-Biz) website has compiled helpful information for employers, employees, and all Californians as it relates to the Coronavirus (COVID-19) pandemic.
Employers can apply for the Unemployment Insurance (UI) Work Sharing Program if reduced production, services, or other conditions cause them to seek an alternative to layoffs. Read more about the Work Sharing Program online.
The California Rebuilding Fund is a public-private partnership that provides free support and services and affordable loans to small businesses as they navigate the challenges of covid-19. Visit the California Rebuilding Fund website for applications, information, and more. This program is not associated with the federal Paycheck Protection Program (PPP) or any other SBA Program.
New guidelines will let LA County restaurants sell certain grocery items to the public via takeout and delivery to help them stay in business, keep their employees safe, and continue to feed our communities during this crisis.
Employers experiencing hardship as a result of COVID-19 may request up to a 60-day extension of time from the Employee Development Department (EDD) to file their state payroll reports and/or deposit state payroll taxes without penalty or interest. A written request for an extension must be received within 60 days from the original delinquent date of the payment or return.
For questions, employers may call the EDD Taxpayer Assistance Center.
The Treasury Department and IRS just announced a three-month delay for any tax payments owed up to $1 million. You'll still need to file your returns by April 15, 2020 but will have until July 15 to pay. This will apply to individual tax returns but should also cover many pass-through entities and small businesses. For more information, please visit the IRS Coronavirus Tax Relief website.