Small Business Guidance and Loan Resources during Covid19

California SBDC

At a meeting of the Milpitas Chamber of Commerce I heard several speakers on the topic of financial relief to small businesses because of economic disruption due to the Coronavirus (COVID-19) outbreak.

My main takeaway was that each small business owner should get a free business councilor through the SBDC to help figure out which sort of relief funding would be best in their situation. Sign up to get a free business councilor through SBC here. The nearest SBC Center to Milpitas is the Alameda County SBDC at Ohlone College in Fremont. A little further away is the Silicon Valley SBDC – Hispanic Chamber of Commerce on Monterey Rd.

California SBDC

Coronavirus (COVID-19): Small Business Guidance & Loan Resources
Health and government officials are working together to maintain the safety, security, and health of the American people. Small businesses are encouraged to do their part to keep their employees, customers, and themselves healthy.

Your business is Top of Mind for Us
The Norcal SBDC wants to assure you, we’re going to continue doing everything in our creative power to help your business get through the economic hardship and prepare for a stronger reopen. We 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. Please reach out to us if you have any questions regarding your business or our services.

For up-to-date information and announcements regarding CARES, SBA loans, and policy, please visit ASKSBDC.com.

Visit ASKSBDC.com to discover the most up-to-date, accurate information concerning COVID-19 and Cares Act resources for small businesses. Call the 833-ASK-SBDC (833-275-7232) toll-free hotline to speak with a dedicated call center staff ready to help your business get answers to questions and connected to the right resources.

Ask your question. Each Monday, Wednesday and Friday at 10:30 AM, join Scott Rogalski and Sunita Maharaj with the NorCal SBDC Finance Center Team as they discuss EIDL and PPP updates and information specific to reopening businesses in Northern California. Interact with us on Zoom.

Ask an Attorney
Bring your questions and learn key updates from experienced professionals and attorneys covering topics including PPP and unemployment, practical advice on borrowing, payroll issues and more. Thursdays at 4 PM | Zoom password: baseforce

Guidance for Restaurants: from California’s Dept. of Public Health
This document provides guidance for dine-in restaurants, brewpubs, craft distilleries, breweries, bars, pubs, and wineries to support a safe, clean environment for workers and customers.

The Small Business Owner’s Guide to the CARES Act
This guide provides information about the major programs and initiatives that will soon be available from the Small Business Administration (SBA) to address these needs, as well as some additional tax provisions that are outside the scope of SBA.

Online Webinars for Coping with COVID-19
Featuring interviews with experts in capital resource, e-commerce and more… These FREE SBDC webinars are designed to equip you with tools to navigate the economic difficulties posed by COVID-19.

Download the SBDC’s Guide to COVID-19 Loans and forms.
Visit the EIDL Application Portal

Download the COVID-19 Small Business Survival Guide
We have developed the Small Business Survival Resources related to COVID-19 to help navigate through the chaos COVID-19 is having on our communities. Please reach out to our SBDC center if you have questions regarding how your business can maximize the available help.

CAMEO
As California’s statewide Micro Enterprise network, CAMEO is the voice for micro business and creates a thriving ecosystem of resources for all entrepreneurs.

California Rebuilding Fund
The California Rebuilding Fund is a new program that will support California’s smallest businesses as they adapt, reopen, and recover from the effects of COVID-19. This effort is meant for small businesses in California – with an explicit focus on historically under-resourced communities, including organizations in low-income areas and businesses owned by women and people of color. To be eligible, applicants must have:

  • Fewer than 50 employees
  • Annual revenues of less than $2.5 million in 2019
  • Experienced direct economic hardship as a result of COVID-19 (including at least a 25% reduction in revenues compared to a prior one-year period)
  • See website for full eligibility requirements

US Small Business Administration Coronavirus Relief Options
We’re here to help you overcome the challenges created by this health crisis. We offer multiple funding options for those seeking relief. Read more on this link.