Financial Relief and Assistance for Businesses

RESTAURANT REVITALIZATION FUND GRANTS

The Small Business Association (SBA) is administering direct relief grants will provide emergency assistance for eligible restaurants, bars and other qualifying businesses impacted by COVID-19. This program will provide restaurants with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location.

Learn more at sba.gov https://www.sba.gov/funding-programs/loans/covid-19-relief-options/restaurant-revitalization-fund

THIS APPLICATION IS NOW CLOSED.

Shuttered Venue Operators Grant

This grant provides emergency assistance for eligible venues affected by COVID-19. The program includes over $16 billion in grants to shuttered venues, to be administered by SBA’s Office of Disaster Assistance.

Eligible applicants may qualify for grants equal to 45% of their gross earned revenue, with the maximum amount available for a single grant award of $10 million. $2 billion is reserved for eligible applications with up to 50 full-time employees.

Eligible entities include:

  • Live venue operators or promoters
  • Theatrical producers
  • Live performing arts organization operators
  • Relevant museum operators, zoos and aquariums who meet specific criteria
  • Motion picture theater operators
  • Talent representatives

California Small Business COVID-19 Relief Grant Program

Provides grants up to $25,000 to small businesses and nonprofits impacted by COVID-19 and the health and safety restrictions.

THIS PROGRAM IS CLOSED.

Restaurants Care – Resilience Fund

The California Restaurant Foundation will be accepting applications April 11 for its Restaurants Care Resilience Fund. This fund will provide grants up to $5,500 to operators of single-location restaurants while prioritizing businesses owned by women and people of color. The grants are open to restaurants with 50 or fewer workers, which are currently open. Eligible restaurants must have had a revenue loss of at least 20% from 2019 to 2020.

THIS PROGRAM IS CLOSED.

California Competes Tax Credit

The State of California is now accepting applications for the California Competes Tax Credit. $80M in tax credits is available for businesses that are expanding and adding full-time jobs in California. 

THIS PROGRAM IS CLOSED.

Paycheck Protection Program

The Paycheck Protection Program (PPP) is a loan designed to provide a direct incentive for small businesses to keep their workers on payroll. Borrowers may be eligible for PPP loan forgiveness.

SBA is currently offering PPP loans originated only by participating community financial institutions including Certified Development Companies (CDCs), SBA Microlenders, Community Development Financial Institutions (CDFIs), and Minority Depository Institutions (MDIs) until May 31, 2021 or until remaining funds are exhausted. Please note that not all community financial institutions are participating in PPP.

Employment Development Department (EDD)

California’s EDD provides a variety of support services to people who have lost their jobs or have had their hours reduced due to the impact of COVID-19 in California including:

  • Pandemic Unemployment Assistance (PUA) is offered to unemployed business owners, self-employed independent contractors and others not eligible for regular state unemployment benefits.
  • Work Sharing Program is offered to companies as an alternative to layoffs. It allows employees to receive unemployment benefits while still keeping their current jobs.

U.S. Small Business Administration

The U.S. Federal government has funding programs available to assist businesses impacted by COVID-19.

Temporary funding programs have been established though the SBA to provide disaster assistance loans for small business​es​. Live agents are available to guide you through the process at 1-800-659-2955. Read information about the major programs available.

California Relief Loan Guarantee

The State of California has allocated $50M to the IBank Small Business Finance Center to assist small businesses that may not qualify for federal funds. The program provides guarantees for loans up to $50K for small business borrowers in declared disaster areas.

State of California Employment and Taxes

The State of California is providing broad assistance to qualifying small businesses and employers impacted by COVID-19.

Utilities

Sacramento Municipal Utility Assistance 

SMUD has implemented a moratorium on service disconnections for non-payment through January 4, 2021. Agents are available to assist with payment plans at 1-888-742-7683.

Pacific Gas and Electric Company 

PG&E has implemented a moratorium on service disconnections for non-payment. The suspension applies to commercial and residential customers and is in effect until further notice. Agents are available to assist with payment options at 1-877-704-8470.