Covid-19: Financial Resources

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 business​es​. 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.  

  1. SBA Express Bridge Loans  

  2. SBA Debt Relief  

  3. Paycheck Protection Program

  4. Economic Injury Disaster Loan & Emergency Advance  

STATE FINANCIA​L 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:

  1. Disability Insurance is offered to those unable to work due to medical quarantine or illness related to COVID-19.

  2. Paid Family Leave is offered to those unable to work because they are caring for an ill or quarantined family member.

  3. Unemployment Insurance is offered to those who have lost their job or had hours reduced due to coronavirus.

  4. Pandemic Unemployment Assistance is offered for those who are business owners, self-employed or independent contractors.

  5. 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 EME​​RGENCY 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.

Opportunity Fund

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.

​TAX RE​LIEF

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

SCORE   

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.

UTILI​TIES

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 & INTE​​RNET

Verizon

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.

T-Mobile    

All current customers have been provided with unlimited smartphone data until May 2020.

AT&T

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.

Sprint

​All current customers have been provided with unlimited data and free mobile hotspot until May 2020.​