Federal Financial Assistance
Through the Coronavirus Aid, Relief and Economic Security (CARES) Act, the U.S. Federal government has developed four Coronavirus Relief Fund (CRF) programs to provide loans to small businesses impacted by COVID-19. Read the Economic Recovery Report (9-21-2020) for details.
The U.S. Federal government has funding programs available to assist businesses impacted by COVID-19.
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.
State Financial Assistance
- The State of California has funding programs available to assist businesses impacted by COVID-19.
- 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 and 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 and Grant Programs
Local Business Resources and Free Webinars
These organizations are available to provide free guidance for applying to funding assistance.