COVID-19: Keep

The Tri-Community Safe

Bunsiness Assistance Disaster Relief Information & Resources For Small Businesses

What is the CARES Act?

The new Coronavirus Aid, Relief, and Economic Security (CARES) Act Act provides $349 billion in Small Business Administration (SBA) loans. These loans are meant to provide emergency assistance to businesses affected by the coronavirus (COVID-19) pandemic. In addition to traditional SBA funding programs, the CARES Act established several new temporary programs to address the COVID-19 outbreak, including the Economic Injury Disaster Loans (EIDL), Emergency Economic Injury Grants, and the Paycheck Protection Program (PPP).

What are Economic Injury Disaster Loans (EIDL)?

An EIDL is a low interest loan with an optional $10,000 advance. Businesses can receive loans of up to $2 million with a 3.75% interest rate for businesses and a 2.75% interest rate for nonprofits with terms of up to 30 years. This loan offers an optional $10,000 advance as a non-repayable grant within days of a successful application.

Who is eligible for an EIDL loan?
- Business with 500 or fewer employees*
- Sole Proprietorships
- Independant Cotractors
- Self-Employed
- Private Nonprofits
- 501(c)(19) Veterans Organizations
*Businesses in certain industries may have more than 500 employees if they meet the SBA’s Size Standards for those industries.
Eligible Uses
Interest Rate
Loan Size
Loan Term
Repayment Deferral
Fees
Expiration Date
Ready to Apply?

What is the Paycheck Protection Program (PPP)?

The PPP is a loan program that provides loan forgiveness for retaining employees. The PPP is a 100% federally guaranteed loan to help small businesses keep workers on payroll for a period of 8 weeks during this crisis. The loans can be up to $10 million with a 1.0% interest rate with a term of two years. It will be fully forgiven if at least 75% of the entire loan is allocated towards payroll, funds are used for eligible uses, and employment and compensation levels are maintained.

Who is eligible for a PPP loan?
- Business with 500 or fewer employees*
- Sole Proprietorships
- Independant Cotractors
- Self-Employed
- 501(c)(3) Nonprofits
- 501(c)(19) Veterans Organizations
- Tribal Businesses
(small businesses in the hospitality and food industry with more than one location could also be eligible if their individual locations employ less than 500 workers)

*Businesses in certain industries may have more than 500 employees if they meet the SBA’s Size Standards for those industries.
Eligible Uses
Interest Rate
Loan Size
Loan Term
Repayment Deferral
Fees
Expiration Date
Ready to Apply?

Additional State, Local and Private Sector Loans & Grants

The Governor’s Office of Business and Economic Development (GO-Biz) has compiled helpful information for employers, employees, and all Californians as it relates to the coronavirus (COVID-19) pandemic. Additionally there are several loan programs available through the CDC Small Business Finance and the Small Business Administration.

California - Disaster Relief Loan Guarantee Program

California’s Infrastructure and Economic Development Bank, or IBank for short, is issuing loan guarantees of up to 95 percent of the loan through its partner Financial Development Corporations. This program will help lenders and small businesses by providing loan guarantees of up to $1 million for small business borrowers in declared disaster areas.

The best place to start is the Orange County Inland Empire Small Business Development Center (OCIE SBDC) or Find out more here.
California - Jump Start Loan Program
California Capital Access Program
C-19 Emergency Relief Working Capital Loan

CDC Small Business Finance is offering working capital emergency loans from $20,000 to $150,000 for California businesses. These loans can be used to cover payroll, rent or mortgage, utilities, insurance and more.

The best place to start is the Orange County Inland Empire Small Business Development Center (OCIE SBDC) or Find out more here.
C-19 Emergency Relief Microloan

CDC Small Business Finance is offering emergency relief microloans up to $50,000 available only to California businesses. There is no payment requirement for the first 90 days of this loan.

The best place to start is the Orange County Inland Empire Small Business Development Center (OCIE SBDC) or Find out more here.
Community Advantage Loan

CDC Small Business Finance is offering small business loans from $20,000 – $250,000 which can be used for working capital, operating expenses, tenant improvements, equipment, business acquisition, and refinancing of business debt.

The best place to start is the Orange County Inland Empire Small Business Development Center (OCIE SBDC) or Find out more here.
General Micoloan

CDC Small Business Finance is offering small business loans from $10,000 – $50,000 which can be used for working capital, operating expenses, tenant improvements, equipment, business acquisition, and refinancing of business debt.

The best place to start is the Orange County Inland Empire Small Business Development Center (OCIE SBDC) or Find out more here.
Facebook Small Business Grants Program

Additional Business Resources

Here You Will Find Resources To Assist Businesses Owners Through The COVID-19 Pandemic

CARES Act & Small Business Explained

A general overview of the CARES Act as it pertains to small business

SBDC COVID-19 Resource Guide

This resource guide provides information and FAQs about Employment Development Department (EDD) resources, SBA’s Economic Injury Disaster Loan Program, the SBDC Finance Center and how the SBCD can help your business. **A MUST READ GUIDE**

Coronavirus Emergency Loans Small Business Guide & Checklist

Prepared by the U.S. Chamber of Commerce this is a comprehensive guide and checklist for the Paycheck Protection Program. 100% federally guaranteed loans for small businesses. Eligible are small businesses, 501(c)(3), Sole Proprietors, independent contractors, self-employed, Tribal business, and 501(c)19 Veterans Organizations

Small Business Owner's Guide to the CARES Act

This guide provides information about the major programs and initiatives that will soon be available from the Small Business Administration (SBA) to address these needs, as well as some additional tax provisions that are outside the scope of SBA. **A MUST READ GUIDE**

How To Keep Your Restaurant Running and Successful Resource Guide

This guide for restauranteurs will go over some practices that can be implemented to streamline operations given the new reality we’re currently facing.

List of Essential Businesses

A list of businesses considered essential in the State of California. This pdf is subject to updates.

Useful Business Links

Here You Will Find Various Website Links To Assist Business Owners Through The COVID-19 Pandemic

SBA COVID-19 Small Business Guidance & Loan Resources

Information on the Paycheck Protection Program, Economic Injury Disaster Loans and Loan Advance, SBA Debt Relief, and SBA Express Bridge programs.

Inland Empire Small Business Development Center

The Latest News & Resources For Your Business, Virtual Consulting, COVID-19 Resources & Guides, Webinars etc.

California Business & Employee COVID-19 Resources

The Governor’s Office of Business and Economic Development (GO-Biz) has compiled helpful information for employers, employees, and all Californians as it relates to the Coronavirus (COVID-19) pandemic.

San Bernardino County Economic Development Agency

Covid-19 Business Resource Page

Internal Revenue Service COVID-19 Resources

The IRS has established a special section focused on steps to help taxpayers, businesses and others affected by the coronavirus. This page will be updated as new information is available.

California Department of Tax And Fee Administration

he CDTFA has the authority to assist individuals and businesses impacted by complying with a state or local public health official’s imposition or recommendation of social distancing measures related to COVID-19.

State of California Franchise Tax Board

If you’re a taxpayer affected by the COVID-19 pandemic, review these resources for more information. Check back for updates on COVID-19 and California income taxes.

US Department of Labor: Employer Paid Leave Requirements

The Families First Coronavirus Response Act (FFCRA or Act) requires certain employers to provide their employees with paid sick leave or expanded family and medical leave for specified reasons related to COVID-19.

US Department of Labor: Families First Coronavirus Act Q&A

The Families First Coronavirus Response Act (FFCRA or Act) requires certain employers to provide employees with paid sick leave or expanded family and medical leave for specified reasons related to COVID-19.

CURRENT STATE PUBLIC ORDER

The California State Public Health Officer and Director of the California Department of Public Health is ordering all individuals living in the State of California to stay home or at their place of residence, except as needed to maintain continuity of operation of the federal critical infrastructure sectors. This order is in effect until further notice. Details Here (includes a list of Essential Critical Infrastructure Workers)