When it comes to latest Alameda County general public wellness Order and authorized available and shut companies, please look at the Planning Resources for Business Re-Opening web page
For updates through the continuing State of California, please go to
Businesses, nonprofits and single proprietors are expected to make the town’s Company Impact information Survey, to get private support.
Assist us develop an comprehensive recovery plan if you take a brief study.
Small enterprises, nonprofits, single proprietors and separate contractors may feel overrun by the support that is many available. Please contemplate:
SBA’s Paycheck Protection System
SBA is accepting Paycheck Protection Program (PPP) applications through might 31, 2021. While almost all of the funds are exhausted, the SBA is supposed to be accepting brand new applications from Community finance institutions (CFI). Look for a participating CFI simply by using SBA’s Lender Match device or this roster of participating regional loan providers.
President Biden additionally announced extra system modifications to produce use of PPP loans more equitable. SBA will:
The Paycheck Protection Program is that loan built to provide a primary motivation for small enterprises to keep their workers from the payroll. The maximum loan amount is 2.5 times their average monthly 2019 or 2020 payroll costs up to $2 million for most borrowers. For borrowers into the Accommodation and Food Services sector the most loan quantity is 3.5 times their average monthly 2019 or 2020 payroll expenses up to $2 million.
SBA will forgive loans if all worker retention requirements are met, therefore the funds are employed for qualified costs.
The U.S. irs allows companies that got their Paycheck Protection Program loans forgiven to publish off costs covered with that cash, aligning their policy with legislation passed away by Congress in December 2020.
A recently passed State legislation enables Ca organizations to prevent having to pay state taxes on forgiven loans through the federal Paycheck Protection Program and also to subtract the expenses of costs that people loans covered.
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 enhancing the optimum amount small enterprises and non-profit businesses can borrow up to 24-months of financial damage having a maximum quantity of $500,000.
June 15, 2020 improve: The SBA has reopened the Economic Injury tragedy Loan (EIDL) system portal to any or all applicants that are eligible financial effects because of . Given that the EIDL application portal is accepting applications that are new extra small enterprises and non-profits should be able to get long-lasting, low-interest loans – decreasing the financial effects of on the organizations, workers while the communities they support.
The SBA has encouraged the City that organizations whom sent applications for A financial damage tragedy Loan (EIDL) ahead of March 30, 2020, should re-apply now utilizing the online portal.
Prepping to try to get crisis SBA Economic Injury Loans – Source: Northern California Small Business developing Centers
That is generally speaking qualified:
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