Business and Worker Resources. Resources for Oakland companies, nonprofits and employees to prepare, prepare and answer 2019 .
Written by gcole on May 3, 2022
Employee, Musician and Arts Nonprofit Resources
For the latest Alameda County Health that is public Order approved available and shut companies, please look at the Planning Resources for Business Re-Opening web site
For updates through the continuing State of California, please go to
Request one-on-one Company Assistance
Organizations, nonprofits and single proprietors are expected to just take the City’s Company Impact information Survey, to get private support.
Assist us develop a comprehensive data data recovery plan by firmly taking a brief study.
Smaller businesses, nonprofits, single proprietors and separate contractors may feel overrun by the support that is many available. Please contemplate:
SBA’s Paycheck Protection System
SBA is accepting Paycheck Protection Program (PPP) loan requests through might 31, 2021. While a lot of the funds are exhausted, the SBA will likely to be accepting brand new applications from Community banking institutions (CFI). Find a participating CFI by making use of SBA’s Lender Match device or this roster of participating neighborhood loan providers.
President Biden additionally announced program that is additional in order to make usage of PPP loans more equitable. SBA will:
The Paycheck Protection Program is a loan built to provide an incentive that is direct small enterprises to help keep their employees regarding the payroll. For the majority of borrowers, the most loan amount is 2.5 times their typical monthly 2019 or 2020 payroll costs as much as $2 million. For borrowers into the Accommodation and Food Services sector the most loan quantity is 3.5 times their typical monthly 2019 or 2020 payroll expenses as much as $2 million.
SBA will forgive loans if all worker retention requirements are met, in addition to funds can be used for qualified expenses.
The U.S. irs allows companies that got their Paycheck Protection Program loans forgiven to publish off costs taken care of with this cash, aligning their policy with legislation passed away by Congress in December 2020.
A recently passed State legislation enables Ca organizations to prevent state that is paying on forgiven loans through the federal Paycheck Protection Program also to subtract the expense of expenses that people loans taken care of.
Require Assistance navigating an SBA loan system?
SBA’s Economic Injury Disaster Loan
March 26, 2021 upgrade: beginning the week of April 6, the SBA is enhancing the maximum amount small enterprises and non-profit businesses can borrow up to 24-months of financial injury having a maximum number of $500,000.
June 15, 2020 modify: The SBA has reopened the Economic Injury tragedy Loan (EIDL) system portal to all the applicants that are eligible financial effects as a result of . Given that the EIDL application portal is accepting brand new applications, extra smaller businesses and non-profits should be able to get long-lasting, low-interest loans – reducing the financial effects of to their organizations, workers additionally the communities they help.
The SBA has encouraged the town that organizations who applied for a financial damage tragedy Loan (EIDL) just before March 30, 2020, should re-apply now making use of the portal that is online.
Prepping to utilize for crisis SBA Economic Injury Loans – Source: Northern California small company developing Centers
That is generally speaking qualified: