We are dealing with an unprecedented situation. The global spread of a virus affecting how we live and operate our businesses. And as of yesterday, those of us in California were told we should shelter in place in our homes and all non-essential business should cease.
Many businesses had already been impacted with a reduction in visitors to their locations including gyms, restaurants, stores, and more. Employees began to file for unemployment and business owners have begun to worry about what will happen to their businesses and their employees.
If you are a business owner impacted by the COVID-19 virus, there are some resources available to you. The U.S. Small Business Administration is offering low-interest disaster loans to small business owners to help provide working capital to help navigate through the economic injury being sustained as a result of reduced revenue.
As of today, the counties being given SBA assistance include:
Alameda Alpine Amador Calaveras Contra Costa El Dorado Imperial
Kern Lake Los Angeles Madera Marin Mariposa Mendocino
Merced Mono Napa Orange Placer Riverside Sacramento
San Bernardino San Diego San Francisco San Joaquin San Mateo
Santa Clara Santa Cruz Solano Sonoma Stanislaus Sutter Tuolumne
According to SBA Administer Jovita Carranza, “small businesses, private non-profit organizations of any size, small agricultural cooperatives and small aquaculture enterprises that have been financially impacted as a direct result of the Coronavirus (COVID-19) since Jan. 31, 2020, may qualify for Economic Injury Disaster Loans of up to $2 million to help meet financial obligations and operating expenses which could have been met had the disaster not occurred.”
Applicants may apply online, receive additional disaster assistance information and download applications at https://disasterloan.sba.gov/ela
Other resources include:
ACCESS TO CAPITAL PROGRAMS
U.S. CHAMBER RESOURCES
SMALL BUSINESS ADMINISTRATION DISASTER RESOURCES