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

Unemployment Insurance Help for the Self-Employed | PPP Updates

In this Must Know…

  • Unemployment Insurance Help for the Self-Employed
  • PPP Updates from SBA
  • AEO to Manage $10 million Grant Fund
  • Correction: An error in one of the charts in last week’s blog post on increased demand for member services has been corrected.
  • This week’s Goodie highlights are two government grant opportunities you won’t want to miss.

Unemployment Insurance Help for the Self-Employed

Since April 28, self-employed workers have been eligible to apply for the Pandemic Unemployment Assistance (PUA), but they aren’t doing so in any number.

Logos for CAMEO, Legal Aid At Work, Renaissance, and Zitrin Foundation

CAMEO is partnering with Zitrin Family Foundation, Legal Aid At Work, and the Renaissance Center to help self-employed workers in California through a legal clinic that will check eligibility and walk people through the application process.
Please help us spread the word and refer your clients who may need the help. You can access our toolkit for cut and paste emails and social media posts. We ask that you send out at least one solo email to your client list and post on social media. If you would like to do more and want to partner, contact Heidi for more details.

sba loans graphic

PPP Updates from SBA

Based on the PPP Flexibility Act of 2020, the maturity of all loans approved on or after June 5, 2020 will be for 5 years. Loans approved and/or funded prior to that date with the 2-year maturity may be extended by the lender and borrower mutually agreeing to a 5 year maturity.
To ensure you get processing fees:

  • Submit your PPP 1502 report to SBA in accordance with the SBA Procedural Notice
  • Ensure your ACH information is correctly reflected in the FTA Lender Portal. 

image with AEO and PayPal logos

AEO to Manage $10 Million Grant Fund

AEO announced their new PayPal Empowerment Grants for Black Businesses Program, a $10 million initiative that will provide direct support to Black business owners impacted by COVID-19 or civil unrest, to cover expenses related to stabilizing and reopening their businesses.
The program will award up to $10,000 to more than 1,000 black-owned businesses.

The Goodies

Funding Opportunities

New Research

Other Goodies

Jobs: Small Business Majority, Cutting Edge Capital, and California Reinvestment Coalition announced new jobs recently. See who else is hiring!