Blog Section

COVID-19 Business and Employee Resources

COVID-19 Business and Employee Resources

Resources for Oakland companies, nonprofits and employees to prepare, prepare and react to Coronavirus 2019 (COVID-19).

  • Employee, Musician and Arts Nonprofit Resources
  • Request one-on-one Company Assistance
  • SBA Loans & Advance Give
  • Give Programs
  • Loan Products
  • Jobless Benefits
  • Sick & Disability Keep
  • Help Programs & Solutions
  • Procedures to Preserve Cashflow
  • Eviction Moratorium
  • Workplace Security
  • Purchases, Releases and Past Updates
  • Translated Papers

Worker, Musician and Arts Nonprofit Resources

For the latest Alameda County Health that is public Order authorized available and shut organizations, please go to the preparing Resources for Business Re-Opening website

Request one-on-one Company Assistance

Companies, nonprofits and single proprietors are expected to use the City’s COVID-19 Company Impact information Survey, to get private support.

Smaller businesses, nonprofits, single proprietors and independent contractors may feel overrun by the support that is many available. Please think over:

  • Using now for the SBA’s Economic Injury Disaster Loan and give Advance
  • Pursuing a crowdsourced, zero-interest loanfrom KIVA

SBA Loans & Advance Grant

SBA’s Payroll Protection System

Modify: The due date for trying to get the Payroll Protection Program (PPP) ended up being August 8, 2020. SBA information demonstrates that significantly more than 6,700 Oakland organizations happen authorized for PPP loans.

SBA’s Paycheck Protection Program offered loans all the way to ten dollars million together with select banking institutions. That is a forgivable loan to keep workers on payroll and continue maintaining wage amounts for approximately 24 days. To be forgiven, at the least 60percent associated with the loan is employed for payroll, such as the cost of employer-provided health advantages. If you have already let go your workers, this loan supplies the possibility to employ them straight back.

  • Less overall is needed to be used on payroll. Initially 75% associated with loan needed to be utilized for keeping payroll to enable the loan to be forgiven. That limit is currently 60% – permitting as much as 40% to be utilized on lease, home loan, interest and resources.
  • More hours to blow the funds. Borrowers will are in possession of 24 days to make use of their PPP funds, as opposed to the initial 2 months.
  • More hours to rehire staff. Borrowers are in possession of until December 31 to attain the staffing mandate of keeping the normal quantity of workers that they had on payroll at the time of February 15.
  • More hours to settle. For all loans that aren’t completely forgiven, borrowers will have 5 years to pay for straight right back loans made on or after June 5. For the people with loans made ahead of June 5, consult your loan provider about entering an understanding to give your payment period.

PPP Loans faqs – might 27, 2020 (includes informative data on loan forgiveness)

Loan Forgiveness Application and instructions that are detailed been released for the Payroll Protection Program. The shape and directions consist of a few measures to cut back compliance burdens and simplify the method for borrowers.

SBA’s Economic Injury Disaster Loan

June 15, 2020 modify: The SBA has reopened the Economic Injury tragedy Loan (EIDL) and EIDL Advance program portal to any or all applicants that are eligible financial effects because of COVID-19. Given that the EIDL and EIDL Advance application portal is accepting applications that are new extra smaller businesses and non-profits should be able to get long-lasting, low-interest loans and crisis funds – decreasing the financial effects of COVID-19 on the organizations, employees while the communities they help.

The SBA has encouraged the town that companies who sent applications for A financial damage tragedy Loan (EIDL) ahead of March 30, should re-apply now utilising the online portal.

Prepping to try to get Emergency SBA Economic Injury Loans – Source: Northern California business developing Centers

  • Apply on line at SBA’s Disaster Loan Assistance Portal
  • Make sure to check out the package at end of this application for approximately $10,000 advance grant, grant total is dependent on pre-disaster worker count ($1,000 per employee)
  • This is actually the way that is fastest to have fast monetary help. Also in the event that you decide to not use the loan or are declined, you nevertheless keep carefully the cash loan as a grant
  • View a video that is informational the Economic Injury Disaster Loan

Who’s generally speaking qualified:

  • Small enterprises (generally speaking people that have significantly less than 500 workers)
  • Sole proprietors, separate contractors and persons that are self-employed
  • Cooperatives
  • Nonprofits – 501(c), 501(d) or 501 ( ag ag e)
  • Faith-based companies, no matter whether they supply secular services that are social

Want Assistance navigating and SBA loan system?

  • Berkeley Law studentshelp small businesses navigate the CARES that is federal Act

Grant Programs

Laney & Merritt students BWOPA CARES Fall 2020 funds of $250. The application form due date is 6 pm on December 9.

The East Bay Community Energy’s (EBCE) COVID-19 Community Grant offers funds as high as $10,000 to for-profit or organizations that are nonprofit provide support in a minumum of one associated with after areas: Assistance in Energy or bills, Food protection, Rent help, bodily and Mental Health solutions

The Beauty Changes Lives Nail pro Relief give is present to licensed experts who can maybe perhaps not keep their regular earnings through the pandemic that is COVID-19. One-time funds of $1,000 can be found to supply short-term relief that is financial qualifying candidates that show monetary hardships. The two-part application is maybe maybe not attentive to mobile phones, so please apply utilizing some type of computer or tablet. Applications are now actually available.

Chance Fund’s Small Company Relief Fund

East Bay Community Foundation’s COVID-19 – a simply East Bay Response Fund for nonprofits

The Foundation Directory on the web helps nonprofits find capital by giving information regarding the public that is largest and personal foundations within the U.S.

Loan Products

The California Rebuilding Fund is just a brand new loan system developed to help Ca’s small enterprises while they adjust and navigate the consequences of COVID-19. Bbusinesses with as much as 50 full-time workers and gross profits of not as much as $2.5 million or below in 2019 might be entitled to use.

  • Centro Community Partners offers neighborhood business owners and companies help whenever obtaining a KIVA loan

Catastrophe Relief Loan Guarantee Program loans for small enterprises and nonprofits

Leave a Reply

Your email address will not be published. Required fields are marked *