This loan advance will provide up to $10,000 of economic relieve to businesses that are currently experiencing temporary difficulties.
This SBA loan will help businesses keep their workforce employed during the Coronavirus crisis.
The Treasury Department and the Internal Revenue Service launched the Employee Retention Credit, designed to encourage businesses to keep employees on their payroll.
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 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 bizrecoveryloans.lacda.org. Additional resources for small businesses can be found at: https://dcba.lacounty.gov. For more information on the Small Business Recovery Loan Program, please contact Carolina Romo, Supervisor at LACDA, at (626) 296-6298 or by email at BizRecovery@lacda.org.
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 & 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 a.m. to 4:30 p.m., 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 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.
The Governor’s Office of Business and Economic Development (GO-Biz) 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.
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.
Centers for Disease Control (CDC) - Interim guidance for businesses and employers to plan, prepare and respond to coronavirus. More
Department of Labor - OSHA- Check out this guide - Guidance on Preparing Workplaces for COVID-19. Download.
Department of Industrial Relations- Cal/OSHA Guidance on Requirements to Protect Workers from Coronavirus. Be sure to scroll down to review the Aerosol Transmissible Diseases (ATD) and required protection.
To get mental support during this challenging time, call the LA County Department of Mental Health's 24/7 Access Line at (800) 854-7771 or visit the LACDMH's website at https://dmh.lacounty.gov/ for more information. You can also text "LA" to 741741.