When it comes to latest Alameda County general public wellness Order and authorized available and shut companies, please look at the preparing Resources for Business Re-Opening web site
For updates through the continuing State of California, please go to
Companies, nonprofits and sole proprietors are expected to use the City’s Company Impact information Survey, to get assistance that is one-on-one.
Assist us develop a comprehensive data recovery plan by firmly taking a survey that is brief.
Small enterprises, nonprofits, sole proprietors and independent contractors may feel overrun by the numerous help choices available. Please think over:
SBA’s Paycheck Protection Program
SBA is accepting Paycheck Protection Program (PPP) loan requests through might 31, 2021. While all of the funds are exhausted, the SBA will likely to be accepting brand new applications from Community finance institutions (CFI). Look for a participating CFI by making use of SBA’s Lender Match device or this roster of participating neighborhood loan providers.
President Biden additionally announced extra system modifications which will make use of PPP loans more equitable. SBA will:
The Paycheck Protection Program is a loan built to offer an incentive that is direct smaller businesses to help keep their employees regarding the payroll. For many borrowers, the utmost loan amount is 2.5 times their normal monthly 2019 or 2020 payroll expenses as much as $2 million. For borrowers when you look at the Accommodation and Food Services sector the most loan quantity is 3.5 times their normal monthly 2019 or 2020 payroll costs as much as $2 million.
SBA will forgive loans if all worker retention criteria are met, as well as the funds are utilized for qualified costs.
The U.S. irs allows companies that got their Paycheck Protection Program loans forgiven to publish down costs taken care of with this cash, aligning their policy with legislation passed away by Congress in December 2020.
A recently passed away State legislation enables Ca companies to prevent state that is paying on forgiven loans from the federal Paycheck Protection Program also to subtract the expenses of costs that people loans taken care of.
Require Assistance navigating an SBA loan system?
SBA’s Economic Injury Disaster Loan
March 26, 2021 improvement: 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 damage having an amount that is maximum of500,000.
June 15, 2020 improve: The SBA has reopened the Economic Injury tragedy Loan (EIDL) system portal to all the applicants that are eligible financial effects as a result of . Given that the EIDL application portal is accepting brand new applications, extra smaller businesses and non-profits should be able to receive long-lasting, low-interest loans – reducing the financial effects of on the companies, workers additionally the communities they help.
The SBA has encouraged the town that companies whom requested a financial damage catastrophe Loan (EIDL) ahead of March 30, 2020, should re-apply now utilizing the portal that is online.
Prepping to use for crisis SBA Economic Injury Loans – Source: Northern California small company developing Centers
That is generally speaking qualified:
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