Employee, Musician and Arts Nonprofit Resources
For the latest Alameda County general public wellness Order and authorized open and shut organizations, please go to the preparing Resources for Business Re-Opening web site
For updates through the continuing State of California, please check out
Request one-on-one Company Assistance
Companies, nonprofits and single proprietors are expected to use the town’s Company Impact information Survey, to get assistance that is one-on-one.
Help us develop an comprehensive data recovery plan by firmly taking a brief study.
Small enterprises, nonprofits, sole proprietors and separate contractors may feel overwhelmed by the numerous help choices available. Please think over:
SBA Loans
SBA’s Paycheck Protection System
SBA is accepting Paycheck Protection Program (PPP) loan requests through might 31, 2021. While all of the funds are exhausted, the SBA is supposed to be accepting applications that are new Community banking institutions (CFI). Find a participating CFI through the use of SBA’s Lender Match device or this roster of participating regional loan providers.
President Biden additionally announced extra system changes to create use of PPP loans more equitable. SBA will:
The Paycheck Protection Program is that loan built to give an immediate incentive for small enterprises to help keep their staff regarding the payroll. For many borrowers, the utmost loan quantity is 2.5 times their typical monthly 2019 or 2020 payroll expenses up to $2 million. For borrowers into the Accommodation and Food Services sector the utmost loan quantity is 3.5 times their average monthly 2019 or 2020 payroll expenses as much as $2 million.
SBA will forgive loans if all worker retention requirements are met, plus the funds can be used for eligible costs.
The U.S. irs enables companies that got their Paycheck Protection Program loans forgiven to publish down costs covered with that cash, aligning their policy with legislation passed away by Congress in December 2020.
A recently passed away State legislation enables Ca companies in order to prevent having to pay state fees on forgiven loans through the federal Paycheck Protection Program also to https://samedaycashloans.org/installment-loans-al/ subtract the expense 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 maximum amount small enterprises and non-profit businesses can borrow up to 24-months of financial damage by having a maximum quantity of $500,000.
June 15, 2020 Update: The SBA has reopened the Economic Injury catastrophe Loan (EIDL) program portal to any or all qualified candidates experiencing financial effects because of . Given that the EIDL application portal is accepting applications that are new extra smaller businesses and non-profits will be able to get long-lasting, low-interest loans – decreasing the economic impacts of on the organizations, workers together with communities they help.
The SBA has encouraged the town that businesses whom sent applications for A financial damage Disaster Loan (EIDL) ahead of March 30, 2020, should re-apply now with the portal that is online.
Prepping to utilize for crisis SBA Economic Injury Loans – Source: Northern California Small Business developing Centers
That is generally speaking eligible: