FEDERAL FINANCIAL ASSISTANCE
The U.S. Federal government has funding programs available to assist businesses impacted by COVID-19.
U.S. Small Business Administration (SBA) Loans
New temporary funding programs have been established though the SBA to provide disaster assistance loans for small businesses. Live agents are available to guide you through the process at 1-800-659-2955. Read information about the major programs available.
NOTICE: The SBA began accepting applications again on Monday, April 27, 2020 from approved lenders. Contact your lender directly if you had an application in the queue during the lapse in appropriations.
SBA Express Bridge Loans
SBA Debt Relief
Paycheck Protection Program
Economic Injury Disaster Loan & Emergency Advance
STATE FINANCIAL ASSISTANCE
The State of California has funding programs available to assist businesses impacted by COVID-19.
Disaster Relief Loan Guarantee Program
The State of California has allocated $50M to the IBank Small Business Finance Center to assist small businesses that may not qualify for federal funds. The program provides guarantees for loans up to $50K for small business borrowers in declared disaster areas.
Employment Development Department
Through the State of California employees ane employers may receive benefits under the following categories:
Disability Insurance is offered to those unable to work due to medical quarantine or illness related to COVID-19.
Paid Family Leave is offered to those unable to work because they are caring for an ill or quarantined family member.
Unemployment Insurance is offered to those who have lost their job or had hours reduced due to coronavirus.
Pandemic Unemployment Assistance is offered for those who are business owners, self-employed or independent contractors.
Work Share Program is offered to companies as an alternative to layoffs. It allows employees to receive unemployment benefits while still keeping their current jobs.
OTHER EMERGENCY BUSINESS LOAN & GRANT PROGRAMS
CDC Small Business Finance Emergency Loans
Emergency microloans and working capital loans in addition to their usual loan offerings due to the COVID-19 crisis.
U.S. Chamber of Commerce Foundation, Save Small Business Fund
Provides $5,000 grants to small businesses located in an economically vulnerable community and impacted by COVID-19.
Pacific Community Ventures Small Business Loan Program
Provides assistance to small businesses who have trouble qualifying for loans gain access to capital.
National non-profit business lender supporting existing/new small business customers who are financially struggling amidst the COVID-19 outbreak.
AMPAC Micro and Refinance Loans
They offer several different loans to small businesses and are offering micro and refinance loans to small businesses impacted by COVID-19.
Sacramento Regional Community Foundation Disaster Fund
Support funding to help address the challenges area nonprofits are encountering due to the virus.
Financial Relief Resources for Artists During COVID-19
Resources and grants available to artists and the cultural sector whose work has been financially impacted by COVID-19.
California Restaurant Association, Restaurant Relief
Guidelines and resources specific to the restaurant industry impacted by COVID-19.
U.S. International Revenue Service, Coronavirus Tax Relief
Resources to help taxpayers, businesses and others affected by the coronavirus. Affected Self-employed taxpayers have been granted an extension to file 2019 Federal tax returns and make certain payments until June 15, 2020.
California Franchise Tax Board Tax Relief
Affected taxpayers have been granted an extension to file 2019 California tax returns and make certain payments until June 15, 2020.
LOCAL BUSINESS RESOURCES AND FREE WEBINARS
These organizations are available to provide free guidance for applying to funding assistance.
Capital Region Small Business Development Center
California Capital Financial Development Corporation
Sacramento Employment and Training Agency
Resources and programs for connecting people to jobs and business owners to quality employees.
Business Environmental Resource Center
Free confidential compliance consultations, sustainability assistance, regulatory guidance and training workshops.
Sacramento Metro Chamber of Commerce
Offers resource information and a business help hotline: 1-833-391-1919
Greater Sacramento Economic Council
Information, best practices and strategies to support the region's economic resiliency and recovery.
Sacramento Municipal Utility Assistance
SMUD has implemented a moratorium on service disconnections for non-payment through May 1, 2020. Agents are available to assist with payment plans at 1-888-742-7683.
Pacific Gas and Electric Company
PG&E has implemented a moratorium on service disconnections for non-payment. The suspension applies to commercial and residential customers and is in effect until further notice. Agents are available to assist with payment options at 1-877-704-8470.
MOBILE & INTERNET
All late fees will be waived and service disconnections for non-payment has been suspended. This applies to small business and residential customers and is in effect until May 2020.
All current customers have been provided with unlimited smartphone data until May 2020.
All late fees will be waived and service disconnections for non-payment has been suspended. All broadband usage caps for home internet customers has been suspended and no overage fees will be applied. This applies to small business and residential customers and is in effect until further notice.
All current customers have been provided with unlimited data and free mobile hotspot until May 2020.