New Address: Two Embarcadero Center, 8th floor, San Francisco, CA 94111     

CA Relief Grant Program Updates | PPP Round 2 Updates

In this Must Know… 

CA Relief Grant Program – Round 1 Ends


The first round of applications for the California Small Business COVID-19 Relief Grant Program officially closed yesterday. They are working with a few lingering applicants. Applicants who are selected to receive a grant will be notified between January 15 and January 22, 2021. Check spam folder! Be patient, dispersal of funds will start on January 22 and continue over a 45-day period.

Those applicants that are not awarded a grant in this round will be moved to Round 2, which opens at 8:00am on February 2, 2021 and goes until 6:00pm on February 8, 2021.

We are holding a Train-the-Trainer webinar on January 21, 2021 at 10:00am PST for those members that didn’t participate in this first round or want more training and knowledge on how to best prepare your clients (note: this training is for business coaching staff, not business owners).

decorative graphic

Paycheck Protection Program

SBA will reopen the Paycheck Protection Program to small lenders tomorrow and to all lenders on Tuesday, January 19.

Yesterday, we held a Listening Session where we dove into this new round of PPP and how it differs from the first round. You can watch the recording here, and check out our COVID-19 Resources page for the latest updates from SBA and Treasury.

Decorative graphic

ICYMI: FY2020-21 Federal Budget

The $900 billion FY2021 Omnibus Appropriations bill that passed last month includes $12 billion in emergency COVID-19 relief programs for CDFIs. CAMEO’s FY2021 funding requests were met for several programs. Some highlights:

  • Microloan Program for Technical Assistance (SBA) – $35 million
  • WBCs (SBA) – $23 million
  • SBDCs (SBA) – $136 million
  • Veterans Business Outreach Centers (SBA) – $14 million
  • Rural Microentrepreneur Assistance Program (USDA) – $6 million

The Goodies

For Your Clients

New Research

Professional Opportunities

  • Join Boston Private’s webinar “Covid-19 Legal Update: All About Employment Law” on February 11, 2021 at 10:00am PST. To RSVP, email Hayana Guerrero.
  • OFN’s Finance Justice Fund will support CDFIs that serve communities experiencing disproportionately high rates of poverty and disinvestment.

Other Goodies