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 June 30th, 2021. 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.
  • 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.
  • 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.
  • Comcast creates $100-million plan to assist minority-owned businesses amid the pandemic. Learn more 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.

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.

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.

New COVID-19 Relief Grant Application 

Stay tuned for The California Office of the Small Business Advocate (CalOSBA) deadlines for Round 2* applications (deadline dates currently TBD) of the state’s new $500 million COVID-19 relief grants for small businesses and nonprofits. Round 1 applications opened on December 30, 2020 and the application deadline had been extended to January 13, 2021.  When available, apply directly at CAReliefGrant.com or with assistance from approved partners (see list HERE).

The recorded webinar can be watched HERE.

APPLICATION ELIGIBILITY

Announced in December,  the new state program provides grants from $5,000 to $25,000 to eligible small businesses and nonprofits based on their annual revenue, as documented in their most recent tax return. Owners of multiple businesses, franchises, locations, etc. will be considered for only one grant and are required to apply for the business with the highest revenue. 

Review information, prepare your business documents and get ready to apply at CAReliefGrant.com. To be eligible, you must be an active business or nonprofit operating since at least June 1, 2019, and: 

  • Currently operating or have a clear plan to re-open once the State of California permits re-opening of the business.
  • Be impacted by COVID-19 and the health and safety restrictions such as business interruptions or business closures incurred as a result of the COVID-19 pandemic.
  • Be able to provide 2018 or 2019 tax returns or Form 990s, a copy of official filing with the California Secretary of State or local municipality for the business, and provide an acceptable form of government-issued photo ID.
  • Meet the definition of an “eligible small business” (sole proprietor, independent contractor, 1099 work, and or registered “for-profit” business entity) that has yearly gross revenue of $2.5 million or less (but at least $1,000 in yearly gross revenue). 
  • OR, meet the definition of an “eligible small nonprofit” is a registered 501(c)(3) or 501(c)(6) nonprofit entity having yearly gross revenue of $2.5 million or less (but at least $1,000 in yearly gross revenue) based on most recently filed Form 990. See list).  

APPLICATION SCORING

Eligible applicants will be scored based on COVID-19 impact factors, including:

  1. Geographic distribution based on COVID-19 health and safety restrictions following California’s Blueprint for a Safer Economy and county status and the new Regional Stay At Home Order.
  2. Industry sectors most impacted by the pandemic.
  3. Underserved small business groups served by the State supported network of small business centers (i.e., businesses majority-owned and run on a daily basis by women, minorities/persons of color, veterans and businesses located in low-to-moderate income and rural communities). 

*Round 1 applicants who submit their application and all documentation do not need to reapply: qualified applications will be automatically rolled over into the next funding round for consideration. Round 2 is expected to be announced in the near future. 

Learn more about frequently asked questions HERE and follow @CaliforniaOSBA for future updates.

Main Street Small Business Tax Credit

The California Department of Tax and Fee Administration (CDTFA) is now accepting applications for tentative small business hiring credit reservations to be awarded to qualified small business employers on a first-come, first-served basis. 

Small businesses with 100 or fewer employees on Dec. 31, 2019 and suffered a 50% decrease or more in income tax gross receipts (Q2 2020 compared to Q2 2019) can apply for a credit equal to $1,000 per qualified employee, up to $100,000 per employer.

Applications close January 15, 2021. Learn more.

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 Program

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)