- The U.S. Small Business Administration (SBA) Sacramento District Office has prepared a two-page SBA Referral Contacts handout to assist 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
- 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.
- 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 California Asian Pacific Chamber of Commerce launched the Rapid Response Business Triage Hotline 1-833-391-1919. Available 8:00 am to 4:00 pm, Monday through Friday, and it will take messages around the clock for callbacks. The teams taking these calls are fluent in English, Spanish, Vietnamese and Mandarin to assist the diverse small businesses of this region.
Disaster Relief Loan Guarantees
Disaster Relief Loan Guarantees through IBank are currently available to small businesses needing assistance to overcome economic injury caused by COVID-19. Businesses should apply directly with a participating lender.
To contact a participating lender, click here.
The loan guarantees provided for the Disaster Relief Loan Guarantee Program help mitigate barriers to capital for those small businesses that do not qualify for federal disaster funds, including businesses in low-wealth and immigrant communities.
- The Maximum loan guarantee available for the disaster relief loan guarantee program is $1M.
- Small businesses in California with 1-750 employees are eligible for Disaster Relief Loan Guarantee financing.
- Disaster Relief Loan Guarantee can cover up to 95% of the loan
To learn more about the Disaster Relief Loan Guarantee program available through IBank, click here.