Fed & State Resources

Assistance via SBA (includes four programs)

Paycheck Protection Loan
EIDL Loan and Advance
SBA Bridge Loans
SBA Debt Relief

https://www.sba.gov/funding-programs/loans/coronavirus-relief-options

Small Business Committee - Guide to accessing loans

The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was just passed by Congress are intended to assist business owners with whatever needs they have right now. When implemented, there will be many new resources available for small businesses, as well as certain nonprofits and other employers. This guide provides information about the major programs and initiatives that will soon be available from the Small Business Administration (SBA) to address these needs, as well as some additional tax provisions that are outside the scope of SBA.

To keep up to date on when these programs become available, please stay in contact with your local Small Business Administration (SBA) District Office, which you can locate here.

Struggling to get started? The following questions might help point you in the right direction.

Do you need:
• Capital to cover the cost of retaining employees? Then the Paycheck Protection Program might be right for you.
• A quick infusion of a smaller amount of cash to cover you right now? You might want to look into an Emergency Economic Injury Grant.
• To ease your fears about keeping up with payments on your current or potential SBA loan? The Small Business Debt Relief Program could help.
• Just some quality, free counseling to help you navigate this uncertain economic time? The resource partners might be your best bet.

Click here to get links to each program and a more comprehensive guide.

Assistance for Small Business - Paycheck Protection Loans

The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses.

Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards.

• For a top-line overview of the program CLICK HERE
• If you’re a lender, more information can be found HERE
• If you’re a borrower, more information can be found HERE
• The application for borrowers can be found HERE

https://home.treasury.gov/policy-issues/top-priorities/cares-act/assistance-for-small-businesses?fbclid=IwAR38y5OYdzS9S0Q70vkByRuxilP022smS5akmnK8wsbmKtKDTtNTBkq1zOE

Resources for Undocumented Workers

Here are several links to resources for Undocumented Workers during this crisis:

Relief Funds for Undocumented Workers in California:

https://legalaidatwork.org/blog/relief-funds/

Immigrant Assistance Hotline:

https://www.dhcs.ca.gov/services/medi-cal/eligibility/Pages/Medi-CalFAQs2014b.aspx

Medi-Cal / Health Coverage

https://www.dhcs.ca.gov/services/medi-cal/eligibility/Pages/Medi-CalFAQs2014b.aspx

Resource List from Immigrants Rising:

https://docs.google.com/document/d/1PxLuuH0-hwHXftUXuEi52Q1qWUDegN8_I1L4ulIFwzk/preview

Another Long Resource List:

https://www.informedimmigrant.com/guides/coronavirus/?utm_source=partner_org&utm_medium=social&utm_campaign=covid-19&utm_term=&utm_content=ii_toolkit#

COVID-19 Loan and Relief Resources for Small Businesses

Gusto payroll has a great blog with a lot of resources. This spreadsheet they put together is fantastic and has links for federal and all available states resources:

https://docs.google.com/spreadsheets/d/1SRBZE2_6Nftwd02M6Oxj8MoeuZ7y93spXIgIPhkkp2w/edit#gid=0

Their blog is located here:
https://gusto.com/blog/business-finance/coronavirus-relief-resources

Families First (H.R. 6201) - US Dept of Labor Guidance

Today, the U.S. Department of Labor’s Wage and Hour Division (WHD) announced its first round of published guidance to provide information to employees and employers about how each will be able to take advantage of the protections and relief offered by the Families First Coronavirus Response Act (FFCRA) when it takes effect on April 1, 2020.

FFCRA will help the United States combat and defeat COVID-19 by giving all American businesses with fewer than 500 employees funds to provide employees with paid leave, either for the employee’s own health needs or to care for family members. The legislation will ensure that workers are not forced to choose between their paychecks and the public health measures needed to combat the virus while at the same time reimbursing businesses.

The guidance – provided in a Fact Sheet for Employees, a Fact Sheet for Employers and a Questions and Answers document – addresses critical questions, such as how an employer must count the number of their employees to determine coverage; how small businesses can obtain an exemption; how to count hours for part-time employees; and how to calculate the wages employees are entitled to under this law.

https://www.dol.gov/newsroom/releases/whd/whd20200324

Stimulus Check Calculator

This is a handy little calculator from the Washington Post to see if you might receive a stimulus check. It is important to keep in mind that from the time you e-file your return to the time IRS updates your file on their end can take a couple of weeks. That means it may be difficult to know which year they’ll be using to determine your payment if you are filing in the next few weeks before payments go out.

https://www.washingtonpost.com/graphics/business/coronavirus-stimulus-check-calculator/