CA Announces Big Relief for Small Biz | Microlending Essentials Spring 2021

In this Must Know… 

CA Announces Big Relief for Small Biz

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Governor Gavin Newsom and the California Legislature announced that they have reached an agreement for a new package of immediate relief actions for individuals, families, and businesses suffering hardship from the COVID-19 crisis.

The agreement is based on the Governor’s state budget proposal, and includes relief for small businesses in several forms:

  • More than $2 billion (a four-fold increase) for grants up to $25,000 for small businesses impacted by the pandemic
  • Updated tax treatment to allow businesses that received PPP loans of $150,000 or less to maximize their deductions for state purposes
  • Two years of license fee relief for restaurants and bars as well as barbering and cosmetology entrepreneurs and businesses

The announcement comes on the heels of a Small Business Majority survey which highlights setbacks entrepreneurs of color have faced that have hampered their access to financial relief.

Microlending Essentials Online Spring 2021

Microlending Essentials Spring 2021

Microlending Essentials is a five-part online class that provides the fundamental skills for consistent, quality microloan underwriting.

This introductory training covers multiple analyses, and participants underwrite credit memos for three actual microloan applications. 

Join our upcoming Microlending Essentials Online training from March 22 to March 26, 2021, 9:30am – 12:30pm PST. 

Photos of Black entrepreneurs

Celebrating Black Entrepreneurs

Ivellise Morales created a branding agency that helps its clients raise awareness of important issues in America. 

Calvin Andrews feeds unsold food from his restaurant to people in need every night, including those who are unhoused.

Pancho Kachingwe and Keba Konte’s Oakland establishments foster a sense of community, hiring people from vulnerable backgrounds and hosting cultural events.

Celebrate Black History Month by learning about and supporting these groundbreaking entrepreneurs! And if you want to share Success Stories from your own clients, please email Daniela Fernandez-Ulen.

The Goodies

New Research

For Your Clients

Other Goodies

  • PPP Updates: Check CAMEO’s COVID resource page for the latest updates on Round 2 of the Paycheck Protection Program.
  • Jobs: Renaissance Entrepreneurship Center, The Lawyer’s Committee for Civil Rights, and California Asset Building Coalition announced new jobs recently. See who else is hiring!