With the COVID-19 situation rapidly changing, virus containment and mitigation have become a priority in every community across the country. Self-isolation and social distancing are vital in these efforts – unfortunately, small businesses will see their patronage and revenues affected by these measures.
Federal, state, and local agencies are working to find ways to help small businesses in this time of need. CAMEO has gathered some resources that will be helpful for our members and their clients; we will be updating this page as more information becomes available.
If you have any useful resources that are not included in this page, please submit them using this form.
- New! If you haven’t already, apply for an Economic Injury Disaster Loan and you are eligible for an advance of up to $10,000, whether or not you are approved for a loan. For more information and to apply, click here. If you applied before March 30, 2020, then you need to re-apply if you want the advance. If you were a first wave applicant, you should have received an email on March 30 that instructed you to re-apply.
- CAMEO’s “Take Your TA Training Online” course for April 2, 2020 is full. If you want to learn the skills, confidence, and practice to deliver engaging classes, group coaching sessions, and webinars online, then sign up for the waitlist. We are considering another course that will start on April 10, 2020.
- Follow CDC guidelines for businesses.
- The U.S. Department of Labor released guidance on the federal paid family leave program. This is a new federal policy, which includes tax credits to reimburse small and medium businesses for the cost of paid family leave.
- The Consumer Finance Protection Bureau published a blog post on protecting yourself financially from the impact of coronavirus.
- The U.S. Department of Labor’s Wage and Hour Division (WHD) published implementation guidance pursuant to the Families First Coronavirus Response Act (FFCRA):
- The Treasury Department issued guidance on the Paycheck Protection Program:
- The California Department of Public Health has up-to-date official information on COVID-19.
- GO-Biz has a dedicated page for business assistance information related to the Coronavirus outbreak.
- The Labor & Workforce Development Agency is sharing Coronavirus-related resources for employers and workers.
- Visit California has information for businesses in the travel industry.
- The California Employment Development Department has a resource website for workers and employers.
- The League of California Cities has a page with the latest Coronavirus news.
- The California Department of Industrial Relations has information on sick leave for those affected by COVID-19.
- The California Department of Social Services has provided guidance on serving communities affected by the outbreak.
- Covered California has opened a special enrollment period through April 30, 2020.
- JEDE has put together a webpage to help small businesses, entrepreneurs, workers, and economic and workforce development professionals respond to COVID-19 challenges.
- California SBDCs are assisting businesses through the SBA loan application process.
- Funding Circle has up to date resources and guidance to help small businesses during this time of hardship.
- ICA Fund Good Jobs has county-specific resources for businesses across California.
- The Business, Consumer Services and Housing Agency (BCSH) and the Department of Business Oversight (DBO) released guidance to help Californians experiencing financial hardship because of COVID-19.
- The City of LA has a dedicated website for Coronavirus-related information.
- LA County has resources to help small businesses through a public health emergency.
- The City and County of San Francisco is offering guidance on small business relief programs.
- The City and County of San Francisco is offering deferred business taxes and licensing fees to small businesses.
- The City of Oakland has launched a website to serve as a portal for all the local, state and federal resources available to support businesses and workers during this crisis.
- Postmates introduced a Small Business Relief Pilot allowing new businesses in the San Francisco and Sacramento areas to sign up for the platform and enjoy a temporary waive on commission fees. Postmates is also offering no contact delivery for customers, as well as a relief fund to cover medical expenses for its fleet of delivery workers.
- CAMEO member Accion San Diego has a Spanish-language resource page for small business owners affected by COVID-19.
Access to capital
- California Capital Access Program
- California IBank’s Small Business Finance Center
- The City and County of San Francisco is offering grants of up to $10,000 to affected microbusinesses.
- The U.S. Small Business Administration is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19).
- The Silicon Valley Community Foundation created a Small Business Relief Fund and partnered with Opportunity Fund to ensure critical capital remains available to struggling small businesses and entrepreneurs.
- The City of Los Angeles recently established a Small Business Emergency Microloan Program that provides financing needed to strengthen small business enterprises.
- CAMEO created a blog post with resources for small business owners who want to learn more about SBA’s disaster loan program.
- SBA announced it will automatically defer existing SBA disaster loans through December 31, 2020.
- SBA microlenders may defer their SBA Microloan obligations up to six months but they need to request it and the maturity date doesn’t change. So you have a choice between deferring payments and higher future payments or continuing to repay on your capital. Send an email to your SBA representative “Please defer my SBA Loan [Loan #] for [# of Months].
What our members are doing
- Jewish Free Loan Association is offering a no-fee and interest-free loan of up to $10,000 to cover business losses, lost wages, child care costs, and lost travel funds.
- Uptima Business Bootcamp: Entrepreneurship courses will continue as scheduled and they’re offering financial assistance to entrepreneurs of color covering up to 100% of the course fee and payment plans.
- Kiva: Effective immediately, U.S. applicants for a Kiva loan will have access to expanded eligibility, loan increase to $15,000, and a grace period of up to 6 months.
- Pacific Community Ventures are offering free remote small business advice on any issue or challenge.
- ICA Fund Good Jobs is launching the Rapid Response Liquidity Fund, which will provide critical emergency capital paired with expert guidance from ICA’s team and network of advisors.
Resources for nonprofits
- Facebook created a free Business Resource Hub with resources for businesses struggling to navigate the COVID-19 outbreak.
- TechSoup created a page with nonprofit resources for remote work.
- Taproot is offering a free virtual consultation session for nonprofits to connect with a subject matter expert for an hour of brainstorming and problem-solving in their area of need.
- Credit Builders Alliance is sharing the following resources to help borrowers manage their credit during a disaster:
Resources for your clients
- Accounting firm WIPFLi LLP has put out a COVID-19 preparedness checklist for organizations and businesses.
- Fast Company is sharing strategies to set up remote work.
- This article has survival tips to protect small businesses during the COVID-19 crisis.
- Pacific Community Ventures has put together a quick primer on 5 steps for small business owners to get started with a paid leave policy.
- Crowdsourced list of resources from the Freelancers Union for independent entrepreneurs.
- ICA Fund Good Jobs has a blog post on things that can be done to stabilize a business right now.
- CDC Small Business Finance is sharing tips for businesses affected by COVID-19.
- The Consumer Data Industry Association released guidance on avoiding credit problems if you’ve been affected by COVID-19.
- Small Business Majority has a page with resources for California small business owners.
- COVID-19 Biz Tools is a comprehensive listing of resources offered by private, public and non-profit entities to help California businesses navigate the challenges of the COVID-19 pandemic.
- What other things might you need to consider: insurance, web security, etc.
- Google is offering free access to “Advanced Hangouts Meet” video-conferencing capabilities for G-Suite customers through July 1, 2020.
- Comcast is providing free Xfinity hotspots, unlimited data, and no disconnects or late fees for all customers experiencing hardship over the next 60 days. Comcast is also offering a free Internet Essentials internet plan for all new customers for 60 days.
- Dropbox invites nonprofits and NGOs focused on fighting COVID-19 to apply for a free, three-month subscription to Dropbox Business.
- Verizon is waiving late fees incurred by any residential or small business customers due their economic circumstances related to COVID-19 for the next 60 days. Furthermore, the company will not terminate service to any residential or small business customers who are unable to pay their bills due to disruptions caused by COVID-19.
- GO-Biz shared a list of free or discounted tech products for small businesses.