The City of Alhambra is exploring resources to alleviate the pressure that businesses are facing as employers as a result of COVID-19. We will continue to post new details as they become available. Below are resources to help you and your business during this challenging time.
Resource guide includes updates on Small Business Administration loans and employer resources.
Response guide is a resource for small businesses to stay informed, plan, and respond to the impact of coronavirus.
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 corona virus. For more information, please the Small Business Guidance & Loan Resources website.
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.
Employers experiencing a 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 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.