Business Resources

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Looking for free counseling to help you navigate this uncertain economic time?

The COVID-19 crisis has created uncertainty and stress for many employers. These resource partners are ready to help:

  • Visit SBA Sacramento online or call 1-800-659-2955.
  • The SBDC Capital Region can help with applying for relief, guiding you through available resources, cash flow concerns, supply chain interruptions, workforce capacity, insurance coverage and more – at no cost.
  • Metro Chamber’s Rapid Response Hub has an employee portal with links to information and resources.
  • Call the Rapid Response Business Triage Hotline at 833-391-1919. It will be available 8 a.m. to 4 p.m. Monday through Friday, and it will take messages around the clock for callbacks.
  • S.C.O.R.E. is offering free recorded webinars. Find the webinar that’s right for you here.
  • Learn about tenant and landlord resources from the California Department of Real Estate here. 
  • The City of Sacramento has a number of services available to help Sacramento businesses and residents who have been affected by the COVID-19 pandemic. Find the latest updates and information regarding COVID‑19 in Sacramento at sacramentocovidrelief.org. 
  • Facebook is allowing businesses to keep all of their paid online event earnings (minus applicable taxes) from now until December 31st. Learn more about the paid online events for small business recovery here. 
  • ABC announced a 30-day extension on annual license renewal fees and late renewal penalty fees. For more information click here. 
  • For any information on tenant and landlord resources click here.
  • To find the latest information on EMD COVID-19 click here.
  • In May, Governor Newsom issued an executive order that provides property tax penalty relief for taxpayers who have suffered financial hardship as a result of COVID-19. To qualify, the property must either be a residential real property occupied by the taxpayer or real property owned and operated by a taxpayer that qualifies as a small business here.
  •  Sacramento Housing and Redevelopment Agency, in partnership with the City and the County of Sacramento, is offering emergency rental assistance for residents who have experienced a loss or reduction in wages due to COVID-19. Applications for the new Sacramento Emergency Rental Assistance (SERA) program will be accepted online until Oct. 22. Apply here. 
  • Employers with 5 or more employees must report all known/reasonably known employee positive COVID-19 tests occurring on or after July 6, 2020 to their claims administrator (i.e. insurance carrier) in writing. This is not the same as filing a DWC-1 claim form. Effective immediately, employers must notify the claims administrator via email or fax within three business days of learning about the positive test. For more information click here.
  • California Extends Family and Medical Leave to Employees of Small Employers with as Few as Five Employees and Expands the Scope of Protected Leaves In legislation described as giving more employees the ability “to take time off to care for themselves or a sick family member without fearing they’ll lose their job,” Governor Gavin Newsom signed into law Senate Bill (SB) 1383 on September 17, 2020, and expanded the breadth of California’s family and medical leave law.
  • The City of Sacramento has virtual events for businesses impacted by COVID-19 here.
  • Find tenant and landlord resources here.
  • Ready to Reopen: A Playbook for your Small Business here.
  • Environmental Management COVID-19 information can be found here.
  • Contact us! Email [email protected] or call 916-442-8575.

FORK 2 FARM RELIEF + RESTOCKING GRANTS

Restaurants and food-related retailers located in the Central City can submit invoices from qualified, local small farms and/or their suppliers to help cover the cost of restocking or past due bills, up to $2,500. Fork 2 Farm Relief + Restocking Grants

Fork 2 Farm is a micro-grant program administered by the Downtown Sacramento Foundation, supported by Visit Sacramento and Downtown Sacramento Partnership through funding from Bank of America, which aims to reduce the economic cost of the COVID-19 pandemic and preserve America’s Farm-to-Fork Capital.

Learn more about eligibility and how grants will be distributed at DowntownSac.org/Fork2Farm.

APPLY TO GREAT PLATES DELIVERED

Great Plates Delivered is taking applications from service providers and companies to prepare meals, deliver meals, manage volunteers, and provide expert advice and consultation to ensure program quality. The program has served 244,700 meals to seniors from 40 restaurants that employ 254 staff. Deadline September 4. Learn more.

CORONAVIRUS AID, RELIEF, and ECONOMIC SECURITY (CARES) ACT

The CARES Act is a robust federal aid package to help bolster the country’s health care response, strengthen the economy, and establish stronger support for unemployed workers. In addition to traditional SBA funding programs, the CARES Act established several new temporary programs to support businesses financially impacted by COVID-19. Learn more about SBA relief programs at sba.ca.gov or call their Customer Service Center at 1-800-659-2955.

With a variety of federal relief programs, wondering what’s right for you?

Need capital to cover the cost of retaining employees?

Employee Retention Credit provides a refundable payroll tax credit of 50% up to $10,000 in wages paid by an eligible employer. Learn more at irs.ca.gov.

The Paycheck Protection Program (PPP), modeled after the existing SBA 7(a) loan program, provides government-backed FORGIVABLE loans for small businesses. Applications must be received by August 8, 2020. Apply here now!

Need capital to cover lost revenue?

The Economic Injury Disaster Loan (EIDL) is designed to provide low-interest loans to businesses that are currently experiencing a temporary loss of revenue. Learn more and apply here. A separate EIDL program is also available to provide low-interest loans to offset the cost of damage that occurred during recent civil unrest. Learn more here.

Need a quick infusion of cash to cover you right now?

Consider applying for an SBA Express Bridge Loan. This program allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly, bridging the gap while processing an EIDL loan. Learn more about loan terms here.

Looking to keep up with payments on your current or potential SBA loan?

The Small Business Debt Relief Program will pay 6 months of principal, interest, and any associated fees that borrowers owe for all current 7(a), 504, and Microloans in regular servicing status as well as new loans disbursed prior to September 27, 2020. (This relief is not available for PPP loans or EIDL loans.) Borrowers do not need to apply for this assistance, it will be automatically provided. Learn more here.

Main Street Lending Program

The Federal Reserve established the Main Street Lending Program to support lending to small and medium-sized businesses and nonprofit organizations in sound financial condition before the onset of COVID-19.  Businesses interested in the Program can apply for loans by contacting an eligible lender to determine if they meet program criteria and underwriting standards. Learn more about the Program here.

CALIFORNIA BUSINESS RELIEF PROGRAMS

The Governor’s Office of Business and Economic Development (GO-Biz) has compiled helpful information for employers at business.ca.gov/coronavirus-2019. The state has established programs that may help you access capital and/or reserve funds, including:

California Disaster Relief Loan Guarantee Program

The Small Business Finance Center (SBFC) is partnering with Financial Development Corporations to provide up to $50 million in loan guarantees and direct loans for small businesses that experience capital access barriers, including businesses in low-wealth and immigrant communities. Qualifying small business owners may apply directly with a lender or get additional information by contacting one of the participating Financial Development Corporations (FDCs) here.

GO-Biz Now Accepting Applications For California Competes Tax Credits

The Governor’s Office of Business and Economic Development (GO-Biz) is now accepting applications for the California Competes Tax Credit (CCTC).  There are $80 million in tax credits available during this application period for businesses that are expanding and adding full-time jobs in the state.  The deadline to submit applications is Monday, August 17, at 11:59 p.m. (Pacific Time) and the online application website will automatically close once this deadline has passed.  The online application can be accessed at www.calcompetes.ca.gov

 

Disaster Loans for Small Businesses Affected by Civil Unrest

The SBA is offering low-interest federal disaster loans for working capital to small businesses economically impacted by civil unrest that began May 26, 2020. These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. Eligibility is based on the financial impact of the disaster only and not on any actual property damage. The deadline to apply for economic injury is April 7, 2021. Apply here now!

Visit SBA’s virtual Business Recovery Center to answer questions about the Economic Injury Disaster Loan (EIDL) program, explain the application process and help complete your electronic loan application. This service is only for EIDL’s related to civil unrest, not the COVID-19 related EIDL.  

Virtual Business Recovery Center
Mondays – Fridays
8 a.m. – 4:30 p.m.
[email protected]
916-735-1500

ADDITIONAL RELIEF RESOURCES

Yelp Relief Programs

Yelp recently announced $25 million in relief, primarily focused on supporting independent local restaurants and nightlife businesses, in the form of waived advertising fees, and free advertising, products and services.  Yelp in partnership with GoFundMe, also introduced a fast and simple way for independent businesses to accept donations through their Yelp pages. Learn more.

  • Promote donations to your business directly from Yelp: GoFundMe fundraisers will automatically appear on Yelp pages for restaurants, nightlife, beauty, and fitness & active life businesses. Users will see a “Donate” icon on the business’s Yelp profile, inspiring them to take action. This gives the community a simple and easy way to show their support. Businesses must have fewer than five locations. (See FAQ)

USBG National Charity Foundation: Bartender Emergency Program

The USBG National Charity Foundation is offering a Bartender Emergency Assistance Program for those in the restaurant and bar industry. Apply here.

Restaurants Care Grant Program

California Restaurant Association Foundation (CRAF) introduces Restaurants Care.  A program is available for employees who have been affected by COVID-19. This grant will help to cover basic living expenses such as rent, food, and utilities. Apply here.

Rainbow Chamber Foundation Small Business and Entrepreneur Award Fund

In partnership with Wells Fargo, the Sacramento Rainbow Chamber of Commerce will award a total of $20,000 to deserving Sacramento small businesses over the course of 2020. Recipients will each receive $2,500 and a one-year Sacramento Rainbow Chamber membership, which provides access to additional business resources and support. Apple here.

Temporary Fee Relief Extension for November Renewals

ABC announced today that ABC licensees paying annual renewal fees have been given a 30-day grace period. The announcement comes after Governor Gavin Newsom signed an executive order that will provide tax, regulatory, and licensing extensions for businesses. ABC’s announcement encompasses ABC licensees whose annual renewal payment is due by November 30th.