COVID-19 BUSINESS UPDATES

On Friday, March 27, 2020, the “Coronavirus Aid, Relief, and Economic Security Act” (the CARES Act) was signed into law. This legislation is aimed at providing relief for business and individuals that have been negatively impacted by the Coronavirus (COVID-19) outbreak. 
​If you have already incurred layoffs, reduced payroll through furloughs or wage reductions, or are planning this, your business may be eligible to pursue lending opportunities to help you rehire or retain your employees. 

Please check out our blog for more resources and information:  CLICK HERE

There are multiple types of resources available including: 

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www.sba.gov/funding-programs/loans/covid-19-relief-options/paycheck-protection-programPaycheck Protection Program (PPP)

Intended for payroll costs, mortgage interest/rent, utilities, health insurance, etc. May be eligible for forgiveness and/or have generous repayment terms. Administered directly through SBA approved banks. Contact your current banking relationship for more information,
please click below:

California COVID-19 Relief Programs

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. For a complete list of resources, please click below:

Economic Injury Disaster Loans (EIDL) 

Provides small businesses with working capital loans of up to $2 million. Not eligible for forgiveness but has generous repayment terms. Administered by the SBA. Visit the SBA Website to apply for this loan, please click below: