Covid-19: Financial Resources

Federal Financial Assistance​​

​The U.S. Federal government has approved new relief funding for small businesses impacted by COVID-19.

Temporary funding programs have been established though the Small Business Administration (SBA) to provide disaster assistance loans for small businesses. Live agents are available to guide you through the process at 1-800-659-2955 or answerdesk@sba.gov

  • Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive loans if all employee retention criteria are met, and the funds are used for eligible expenses.
  • Economic Injury Disaster Loan is a loan designed to provide economic relief to businesses that are currently experiencing a temporary loss of revenue due to COVID-19 impacts.
  • SBA Debt Relief is a debt relief program for existing SBA loan borrowers whose businesses have been impacted by COVID-19. 
  • Shuttered Venue Operators Grant is a grant program designed to provide direct relief to live entertainment venues. Eligible businesses include live entertainment venues and promoters, movie theaters, museums, performing arts organizations, and talent representatives. The application period opened on April 8, 2021. Frequently Asked Questions
  • Restaurant Revitalization Fund is a grant program designed to provide direct relief to food and beverage industry businesses. The application period will open on May 3, 2021. 

The U.S. Small Business Administration (SBA) Sacramento District Office has prepared a two-page SBA Referral Contacts​ handout to assist our partners in identifying appropriate contacts for small business service requests.  The list includes the following:​

  • Program-specific SBA contacts for the Economic Injury Disaster Loan (EIDL) and newly launched Shuttered Venue Operators Grant (SVOG) and Restaurant Revitalization Fund (RRF) 
  • Links to SBA Resource Partners for one-on-one technical assistance and business mentoring
  • Links to report disaster fraud and SBA loan fraud
  • Sacramento District Office information, including types of assistance and our website for business training events and E-newsletter sign-up​

State Financial Assistance

The State of California has funding pro​grams available to assist businesses impacted by COVID-19.

  • California Rebuilding Fund is a loan program to support California's small businesses. Those who employed 50 or less full-time equivalent employees (FTEs) and had gross revenues of less than $2.5 million or below in 2019 are eligible to apply.
  • Disaster Relief Loan Guarantee Program  provides guarantees for loans up to $50K for small business borrowers in declared disaster areas.
  • CalCAP is a loan loss reserve program which may provide up to 100% coverage on losses as a result of certain loan defaults. Individual borrowers are limited to a maximum of $2.5 million enrolled over a 3-year period. Contact a Participating Lender to enroll.
  • 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

​Tax Relief 

  • The U.S. International Revenue Service is offering tax help for taxpayers, businesses, tax-exempt organizations and others impacted by COVID-19.
    • Employee Retention Credit is a fully refundable tax credit for employers equal to 50 percent of qualified wages (including allocable qualified health plan expenses) that eligible employers pay their employees.
  • The California Franchise Tax Board is offering resources to help California individuals and businesses affected by COVID-19.​

Local Business Resources and Free Webinars

These organizations are available to provide free guidance for applying to funding assistance.

Utilities​